NEVADA KING GOLD CORP, LEWIS PROJECT
The last untested gold district in the heart of Elephant country
POTENTIAL DEPOSIT TYPE :
Pipeline (22M oz Au), Marigold (5.3M oz Au), Fortitude (4.0M oz Au), and Hilltop (2M oz Au)
Adjacent to and on trend with Nevada Gold Mine’s Hilltop gold deposit (reported 2M oz Au @ 0.875 g/t).
Underground production during 1880-1928 reportedly yielded 5M oz Ag and 20,000 oz Au.
Extensive historical database reveals significant gold mineralization (>100ppb Au) in drill holes and surface/underground samples.
Historical drilling by St. George Metals in 1986-1990 identified a low grade open-pit resource (NI43-101 non-compliant) of 65,000 oz Au.
Examples of historical drill hole intercepts (43-101 non-compliant) reported from the property within Upper Plate lithotypes.
- 13.7m grading 3.321 g/t Au, including 1.52m grading 24.15 g/t Au
- 9.1m grading 2.47 g/t, including 1.52m @ 8.57 g/t and 10.64m @ 1.58 g/t
- 41.2m grading 1.435 g/t, including 6.1m @ 7.938 g/t*
*Denotes unknown true-thickness of mineralized drill intercept
Lewis Project
2020-2021 exploration
Budget
Drone Magnetics (630 line-km)
$39,100
Soil Samples (200 samples)
$8,800
Detailed soil samples (1000)
$44,000
Rock Samples (2000)
$64,000
Permitting (includes reclamation)
$50,000
Road/Pad construction
$50,000
RC drilling (20 holes, 5000m)
$410,000
Drill sample assays (3,280 samples)
$114,800
Labor
$40,000
Geologist
$80,000
Contingencies (10%)
$122,000
Land Holding Costs (668 Claims)
$90,000
Total
$1,112,700 USD
2021
Anticipated Exploration
Program
$1,112,700 USD
- Geophysical surveys
- Sampling
- Road construction
- 73% of total budget to go directly into RC drilling
