# NEVADA KING ANNOUNCES FULLY FUNDED 20,000M, PHASE 4 EXPLORATION PROGRAM DESIGNED TO ADVANCE MULTIPLE REGIONAL TARGETS IDENTIFIED IN PHASE 3

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/nevada-king-announces-fully-funded-20-000m-phase-4-exploration-program-designed--98f1ca1f-390c-46a4-96d0-a4b826a565ed

Original source: https://money.tmx.com/en/quote/NKG/news/6306366879786296/nevada-king-announces-fully-funded-20-000m-phase-4-exploration-program-designed-

Publisher: tmx

Original announcement: 2025-12-11T11:30:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: Unknown date

Atlas analysis updated: Unknown date

- Company: Nevada King Gold Corp.

- Ticker: NKG

- Exchange: TSX

- Region: Nevada

- Primary commodity: Gold

- Secondary commodities: Silver

- Document categories: Resource update

- Extracted: 2026-08-22 03:29:22 UTC

Narrative sentiment: 0.60 · Bullish

## Minestarters Atlas summary

Nevada King Gold Corp. has announced a fully-funded 20,000m Phase 4 exploration program at its Atlanta Gold Mine Project in Nevada. The company also provided a summary of its current NI 43-101 compliant mineral resources, which include over 1 million ounces of gold in the measured and indicated categories.

Reasoning: The announcement restates a known NI 43-101 compliant resource to provide context for a new exploration program. The resource scale is significant \(1.02 Moz Au M&I\), and reporting standards are high.

- Positive factor: Large M&I resource scale

- Positive factor: QP/CP signed

- Positive factor: QA/QC protocols detailed

Facts used in scoring: 8

## Classification and evidence

**NI 43-101 Compliant**

Polarity: positive

Definition: Resource estimate prepared in compliance with NI 43-101 \(Canada\) — high reporting standard.

Why it applies: The resource is explicitly stated as NI 43-101 compliant.

Evidence · text

> hosts an NI 43-101 compliant pit-constrained oxide resource

**QP/CP Signed**

Polarity: positive

Definition: Qualified Person \(QP\) or Competent Person \(CP\) named and signed off — a member of a recognized professional association \(e.g., AusIMM, SME, AIG, P.Geo\) with relevant experience.

Why it applies: Justin Daley, P.Geo., a non-independent Qualified Person, has reviewed and approved the technical information.

Evidence · text

> reviewed and approved by Nevada King VP Exploration, Justin Daley, P.Geo., a non-independent Qualified Person

**Inferred Resource**

Polarity: negative

Definition: Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.

Why it applies: The resource includes an Inferred component.

Evidence · text

> plus an inferred resource of 99koz Au

## Extracted facts

Stored fact records: 8. Some facts used in scoring do not have a stored record.

## Resource Estimates (8)

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/nevada-king-announces-fully-funded-20-000m-phase-4-exploration-program-designed--98f1ca1f-390c-46a4-96d0-a4b826a565ed#fact-resource-facts-0)

gold

#### Identity

- Commodity: gold
- Ticker: NKG

#### Resource Data

- Category: measured
- Tonnes: 3430100
- Grade: 1.55
- Grade Unit: g/t
- Contained Metal: 170800
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-12-11T00:00:00.000Z

Reasoning: Measured gold intercept from the provided resource table.

- Positive factor: High grade for measured category

Evidence · table

> 1.55

Context: 3,430,100

### measured

[Link to this fact](https://atlas-staging.minestarters.com/news/nevada-king-announces-fully-funded-20-000m-phase-4-exploration-program-designed--98f1ca1f-390c-46a4-96d0-a4b826a565ed#fact-resource-facts-1)

silver

#### Identity

- Commodity: silver
- Ticker: NKG

#### Resource Data

- Category: measured
- Tonnes: 3430100
- Grade: 16.96
- Grade Unit: g/t
- Contained Metal: 1870200
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-12-11T00:00:00.000Z

Reasoning: Measured silver intercept from the provided resource table.

Evidence · table

> 16.96

Context: 3,430,100

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nevada-king-announces-fully-funded-20-000m-phase-4-exploration-program-designed--98f1ca1f-390c-46a4-96d0-a4b826a565ed#fact-resource-facts-2)

gold

#### Identity

- Commodity: gold
- Ticker: NKG

#### Resource Data

- Category: indicated
- Tonnes: 24280200
- Grade: 1.09
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-12-11T00:00:00.000Z

Reasoning: Indicated gold intercept from the provided resource table.

Evidence · table

> 1.09

Context: 24,280,200

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nevada-king-announces-fully-funded-20-000m-phase-4-exploration-program-designed--98f1ca1f-390c-46a4-96d0-a4b826a565ed#fact-resource-facts-3)

silver

#### Identity

- Commodity: silver
- Ticker: NKG

#### Resource Data

- Category: indicated
- Tonnes: 24280200
- Grade: 8.73
- Grade Unit: g/t
- Contained Metal: 6817200
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-12-11T00:00:00.000Z

Reasoning: Indicated silver intercept from the provided resource table.

Evidence · table

> 8.73

Context: 24,280,200

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nevada-king-announces-fully-funded-20-000m-phase-4-exploration-program-designed--98f1ca1f-390c-46a4-96d0-a4b826a565ed#fact-resource-facts-4)

gold

#### Identity

- Commodity: gold
- Ticker: NKG

#### Resource Data

- Category: inferred
- Tonnes: 3638400
- Grade: 0.84
- Grade Unit: g/t
- Contained Metal: 98500
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-12-11T00:00:00.000Z

Reasoning: Inferred gold intercept from the provided resource table.

- Negative factor: Inferred category

Evidence · table

> 0.84

Context: 3,638,400

### inferred

[Link to this fact](https://atlas-staging.minestarters.com/news/nevada-king-announces-fully-funded-20-000m-phase-4-exploration-program-designed--98f1ca1f-390c-46a4-96d0-a4b826a565ed#fact-resource-facts-5)

silver

#### Identity

- Commodity: silver
- Ticker: NKG

#### Resource Data

- Category: inferred
- Tonnes: 3638400
- Grade: 2.56
- Grade Unit: g/t
- Contained Metal: 299500
- Contained Unit: oz

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-12-11T00:00:00.000Z

Reasoning: Inferred silver intercept from the provided resource table.

- Negative factor: Inferred category

Evidence · table

> 2.56

Context: 3,638,400

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nevada-king-announces-fully-funded-20-000m-phase-4-exploration-program-designed--98f1ca1f-390c-46a4-96d0-a4b826a565ed#fact-resource-facts-6)

gold

#### Identity

- Commodity: gold
- Ticker: NKG

#### Resource Data

- Category: indicated
- Tonnes: 27710300
- Grade: 1.14
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-12-11T00:00:00.000Z

Reasoning: Indicated gold intercept from the provided resource table. \(Expanded from multi-commodity resource table for completeness.\)

Evidence · table

> 1.14

Context: 27,710,300

### indicated

[Link to this fact](https://atlas-staging.minestarters.com/news/nevada-king-announces-fully-funded-20-000m-phase-4-exploration-program-designed--98f1ca1f-390c-46a4-96d0-a4b826a565ed#fact-resource-facts-7)

silver

#### Identity

- Commodity: silver
- Ticker: NKG

#### Resource Data

- Category: indicated
- Tonnes: 27710300
- Grade: 9.75
- Grade Unit: g/t

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2025-12-11T00:00:00.000Z

Reasoning: Indicated gold intercept from the provided resource table. \(Expanded from multi-commodity resource table for completeness.\)

Evidence · table

> 9.75

Context: 27,710,300

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.