Mr. Robert Dzisiak reports
MULTIPLE HIGH-GRADE GOLD AND SILVER GRAB SAMPLES OUTLINE EXPANDED MINERALIZED STRUCTURE AT SILVER CORD
King Global Ventures Inc. has released the results from recent surface prospecting and selective grab sampling at its Silver Cord project, located in the Black Canyon district, Yavapai county, Arizona.
Surface mapping and sampling have delineated a mineralized structural corridor extending approximately 305 metres (1,000 feet) between the historic Silver Cord and Gold Cord workings. The work confirms structural continuity between the two historical areas and expands the interpreted scale of the mineralized system along strike within the Black Canyon district.
Highlights:
-
Structural continuity confirmed between the Silver Cord and Gold Cord historical workings along a continuous structural corridor;
- High-grade gold and silver values returned from surface grab samples collected along the interpreted structure;
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Identification of a splay structure at Upper Gold Cord hosting high-grade silver mineralization;
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Expansion of the exploration footprint from isolated historical workings to a continuous, drill-scale structural target. Surface prospecting samples collected along the interpreted Silver Cord-Gold Cord structural trend returned assay results, as shown in the attached table.
The sampling also identified a three-inch vein at Upper Gold Cord that returned high-grade silver values, supporting the presence of multiple mineralized structures within the corridor. The confirmed structural linkage between Silver Cord and Gold Cord establishes a coherent mineralized trend between historically mined areas. The company interprets this corridor to represent a structurally controlled precious metal system with potential for additional mineralized shoots along strike and within associated splays.
Follow-up detailed mapping, channel sampling and structural analysis are planned to refine vein orientations, assess true widths and prioritize drill targets along the expanded structural corridor.
These results are derived from selective grab samples taken along the mapped 305-metre
(1,000-foot) structural corridor as illustrated in the company's prospecting summary.
The sampling also identified a three-inch vein at Upper Gold Cord that returned high-grade silver
values, supporting the presence of multiple mineralized structures within the corridor.
The confirmed structural linkage between Silver Cord and Gold Cord establishes a coherent
mineralized trend between historically mined areas. The company interprets this corridor to
represent a structurally controlled precious metal system with potential for additional
mineralized shoots along strike and within associated splays. Follow-up detailed mapping,
channel sampling and structural analysis are planned to refine vein orientations, assess true
widths and prioritize drill targets along the expanded structural corridor.
Technical disclosure
The surface samples referenced in this news release are selective grab samples
and are inherently non-representative of average grades or mineralization across the property.
Grab samples are selective by nature and are not necessarily indicative of similar mineralization
elsewhere on the property. Samples were collected during systematic prospecting and
submitted to American Assay Laboratories, of Sparks, Nev., for gold and multielement
analysis. American Assay Laboratories is an ISO/IEC 17025:2017-accredited analytical
laboratory. Gold analyses were conducted using industry-standard fire assay methods with
appropriate finish, and multielement analyses were performed using certified analytical
procedures appropriate for precious and base metals. QA/QC (quality assurance/quality control) procedures implemented by the
company included the insertion of certified reference materials and blanks at regular intervals
consistent with industry best practice. Laboratory internal QA/QC protocols include the use of
standards, blanks and duplicates in accordance with ISO-accredited procedures. Assay results
are reported in grams per tonne (g/t).
Qualified person statement (National Instrument 43-101)
The scientific and technical information contained in this news release has been reviewed and approved by Andrew Lee Smith, PGeo, ICD.D, who is a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. Mr. Smith is an independent consultant to King Global Ventures and is independent of the company for the purposes of NI 43-101.
The qualified person has reviewed and verified the surface sampling data described herein, including sampling procedures, analytical results and laboratory documentation.
The surface samples reported in this release are selective grab samples and are inherently non-representative of average grade or mineralization across the property. Grab samples are selective by nature and may not reflect the overall grade of mineralization present.
About King Global Ventures Inc.
Black Canyon property in Arizona
King Global Ventures is focused on the exploration of precious and base metals in North America. The Black Canyon project in Yavapai county, Arizona, comprises 213 contiguous concessions covering a total area of 4,000 acres encompassing 15 formerly operating mines, including the past-producing Howard copper mine. The Black Canyon project is situated 100 kilometres (62 miles) north of Phoenix, Ariz., and represents an early-stage exploration opportunity targeting copper-gold-silver-zinc, volcanogenic massive sulphide (VMS) mineralization. The geology of Yavapai county, Arizona, is notable due to the presence of a variety of base and precious metal deposit types. The region has a significant history of exploration, discovery and mining operations, including base metals from mining operations like Bagdad, Jerome and Cleopatra. The property is on trend and is approximately 13 kilometres (eight miles) northwest of Arizona Metals Corp.
The Howard copper mine property is located on 78 acres of patented land. Discovered in the early 1920s, small-scale production and development focused on high-grade copper. Historical reports state that the main shaft was sunk to the 900-foot level, but that no ore was mined below the 500-foot level.
The Mikwam property
The Mikwam gold property is located in Noseworthy township within the Abitibi greenstone belt of the Superior province in Northeastern Ontario. It lies along the Casa Berardi deformation zone that hosts Detour Gold's Burntbush property. The Mikwam deposit is hosted within Timiskaming-aged polymictic conglomerate and greywacke units, and contains disseminated and vein-hosted gold mineralization associated with quartz-carbonate veins and pyrite mineralization.
A National Instrument 43-101 technical report prepared for Galena International Resources Ltd. by Caracle Creek International Consulting Inc., dated Dec. 8, 2016, disclosed a historical inferred mineral resource of 1.81 million tonnes grading 2.34 g/t gold, containing 136,000 ounces of gold at a cut-off grade of 1.00 g/t gold. This estimate (announced by Galena in a Dec. 12, 2016, news release) is historical in nature, was not prepared for King Global Ventures and should not be considered current. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources and the issuer is not treating the historical estimate as current mineral resources.
We seek Safe Harbor.
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