King Global Mobilizes for Commencement of 3,000 Metre Phase 1 Drill Program at Silver Cord Property
thenewswire.com
Toronto, Ontario – TheNewswire - June 18, 2025 – King Global Ventures Inc. (CSE:KING) (OTC: KGLDF) (FSE: 5LM1) (the “Company” or “King Global”) is pleased to announce that it has commenced mobilization for a Phase 1 diamond drilling program at its Silver Cord Project located 110 km north of Phoenix AZ. The Phase 1, drill program will consist of 6 holes from 3 drill pads for up to 3,000 metre of diamond drilling. Board Longyear has been contracted to complete the drilling program which is expected to take 70 days to complete.
The Phase I drill program at the Silver Cord Project will target anomalies identified through recent geophysical surveys and soil sampling. The program aims to test the potential for both Volcanogenic Massive Sulphide (VMS) and intrusive-related mineralization, supported by geological indicators and historical mining data. Geophysical results, including magnetic and IP surveys, have detected magnetic responses from iron formations, with coincident elevated base metal values in soil samples, indicating the potential for VMS mineralization. Additionally, the 2024 IP survey identified chargeability and resistivity anomalies at depth, consistent with intrusive-related copper-gold mineralization below the historic Silver Cord Mine, where previous mining operations extracted polymetallic veins containing silver, copper, gold, and lead.
Robert Dzisiak, CEO of King stated “King is quite pleased to initiate the next phase of exploration at the Silver Cord Property. The significant anomalies indicated by previous exploration activity provide several very high value targets that we will drill at depth to determine the extent of potential mineralization.
Qualified Person Disclaimer
The scientific and technical information contained in this news release has been reviewed and approved by Andrew Lee Smith, B.Sc., P.Geo., ICD.D, a Qualified Person as defined by National Instrument 43-101. Mr. Smith is a registered professional geoscientist in good standing and is independent of the vendor.
About King Gloal Ventures:
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 is comprised of 213 contiguous concessions covering a total area of 3,780 ac, including 15 former operating mines including the past producing Howard Copper Mine. And is situated 100 km (62 miles) north of Phoenix Arizona. The Black Canyon Project 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 km (8 miles) N.W. of Arizona Metals .
The Howard Copper Mine Property is located on 78 acres of patented land approximately 100 km (64 miles) north of Phoenix AZ. Discovered in the early 1920’s, 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, 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.
In 2016, a NI 43-101 technical report prepared for Galena International Resources Ltd. by Caracle Creek International Consulting Inc., dated December 8, 2016, disclosed a historical inferred mineral resource of 1,810,000 tonnes grading 2.34 g/t gold, containing 136,000 ounces of gold at a cut-off grade of 1.00 g/t Au. This estimate (announced in December 12, 2016 press release) is historical in nature, was not prepared for King Global Ventures Inc., 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.
Additional information about King Global Ventures can be viewed at the Company's website at www.kingglobal.gold or at www.sedarplus.ca.
On behalf of King Global Ventures
Robert Dzisiak
Chief Executive Officer
204-955-4803
ir@kingcse.com
The technical contents of this news release were approved by Andrew Lee Smith, Bsc., P.Geo, ICD.D, a qualified person as defined by National Instrument 43-101.
Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including but not limited to, the uncertainty of the financing, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals. Readers are cautioned that the assumptions used in preparing such information, although considered reasonable at the time of preparation, may prove imprecise and undue reliance should not be placed on forward-looking statements. Forward-looking statements in this press release are expressly qualified by this cautionary statement.
The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligations to update publicly or to revise any of the included forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities law.
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