This week, Nevada King Gold (TSXV: NKG) tops the chart after intersecting record oxide gold mineralization at the Atlanta project in southeastern Nevada. In an Oct. 2 news release, the company said assay results from reverse circulation hole AT23WS-44 returned 108.3 metres grading 11.64 grams gold per tonne from 214.9 metres depth, giving a respectable width x grade value of 1,261.
The hole included a bonanza-grade intercept of 29 metres at 37.16 grams gold per tonne and the best single assay received for the project yet of 1.5 metres at 169.8 grams gold.
The company interprets the hole as supporting the notion that “very high-grade ‘jewellery boxes’ are present,” as predicted by the model. The hole is located 120 metres northwest of the Atlanta pit.
The holes pierced a central high-grade gold zone near the WAF1 structure, while other drill holes interacted with various parts of the zone. Based on these findings, the company plans more drilling to understand its full extent, noting that the high-grade gold is oxidized and consistently fine-grained.
Yukon-focused Snowline Gold (TSXV: SGD) produced the week’s second-best assay result from the Valley discovery at the Rogue project, “adding significant tonnage of known mineralized rock,” according to CEO Scott Berdahl. On Oct. 5, the company reported that holes V-23-049 returned 539.4 metres grading 1.2 grams gold per tonne from 6.3 metres depth, for a width x grade value of 647.
According to the company, hole V-23-049, located within the Valley intrusion, revealed consistent mineralization averaging 1.2 grams gold per tonne over 539.4 metres, showing stronger grades than expected and indicating a vast volume of well-mineralized rock between previous holes V-22-007 and V-22-015. This continuity suggests strong grade extension potential northeast of V-22-007.
With most of the company’s drill and surface sampling results still pending, Snowline expects to advance its priority target areas over the coming months.
Ranked third this week is Great Boulder Resources (ASX: GBR), which on Oct. 3 reported bonanza-grade assay results from the flagship Side Well project near Meekatharra in Western Australia. Hole 23MBRC059 at the Mulga Bill deposit returned 5 metres at 98.89 grams gold per tonne from 249 metres depth for a width x grade value of 494.
The hole returned several intersections the company’s managing director Andrew Paterson characterized as “sensational,” including 1 metre at 248 grams gold from 249 metres depth and 1 metre at 229 grams gold from 251 metres depth.
Great Boulder said the latest round of high-grade results will feed into a forthcoming resource update later this month.