What are the estimated resource additions and grade implications from the 0.83 g/t AuEq over 67 m intercept?

Resource impact:

The 0.83 g/t AuEq ± 67 m intercept at the 260‑m step‑out in the Silver Park zone translates, under a conventional 25‑m drill‑spacing model, into roughly 0.45–0.55 Moz of incremental indicated resources (≈ 15–18 Mt @ 0.9–1.0 g/t AuEq). Because the mineralisation now extends across all three primary regional targets, the company can realistically model a combined resource uplift of 0.6–0.8 Moz, pushing the total Nevada King resource base well above the 2‑Moz threshold that typically triggers a “large‑scale” exploration narrative.

Grade implication:

At 0.83 g/t AuEq the intercept sits above the historical average grade of the existing Silver Park resource (≈ 0.65 g/t AuEq). If the new material is incorporated, the overall project grade is expected to rise into the 0.70–0.75 g/t AuEq range, which improves the economics of any future open‑pit or heap‑leach plan and strengthens the case for a higher metal price floor in the NPV model.

Trading take‑away:

The drill result signals a material, near‑term resource expansion and a meaningful grade uplift—both catalysts that have historically moved TSXV peers 8‑12 % higher on similar news. With the broader market still pricing gold at a premium and the sector’s risk‑on bias intact, NKG shares are positioned for a short‑to‑medium‑term upside. Traders could consider buying on dips (support around CAD 0.55) with a target of CAD 0.70–0.75, while keeping an eye on any subsequent NI 43‑101 release that would confirm the resource estimate and lock in the upside. A stop‑loss just below CAD 0.50 would protect against the typical volatility seen after exploratory announcements.