Volcanogenic Massive Sulphide (VMS) mineralization
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King Global Announces $4.0 Million Unit Financing
Thenewswire· 2025-12-05 13:10
Core Viewpoint - King Global Ventures Inc. is initiating a non-brokered private placement to raise up to $4,000,000 by issuing units priced at $0.60 each, which will support ongoing exploration and drilling projects [1][3]. Private Placement Details - The private placement will consist of up to 6,666,667 units, each unit comprising one common share and one warrant, with the warrant allowing the purchase of an additional share at $0.90 for two years [1]. - The common shares and warrants will be subject to a hold period of four months and one day [2]. - Proceeds from the placement will be allocated to the Silver Cord and Black Canyon Projects, with a finder's fee payable to qualified finders [3]. Option Grant Information - The company has issued 140,000 Restricted Share Units (RSUs) and 300,000 options to consultants, with options priced at $0.61 and vesting over four quarters [4]. Qualified Person Statement - The scientific and technical information in the release has been reviewed by Andrew Lee Smith, a Qualified Person under NI 43-101, ensuring compliance with standards for mineral project disclosures [5]. - The Qualified Person conducted a comprehensive review of analytical data and geological logs from the 2025 Silver Cord drill program, confirming the integrity of sampling procedures and QA/QC protocols [6][7]. Project Focus - King Global Ventures is focused on exploring precious and base metals in North America, particularly through the Black Canyon Project in Arizona, which covers 4,000 acres and includes 15 former operating mines [9]. - The Black Canyon Project targets copper-gold-silver-zinc mineralization and is located near significant historical mining operations [9]. - The Mikwam Gold Property in Ontario is also part of the company's portfolio, featuring gold mineralization associated with quartz-carbonate veins [11].
King Global Ventures Mobilizes Drilling for Phase 2 Drill Program South of the Historic Howard Copper Mine
Thenewswire· 2025-09-29 12:15
Core Insights - King Global Ventures Inc. has initiated its Phase II diamond drilling program at the Howard Copper Project in Arizona, targeting approximately 7,000 to 9,000 feet across nine drill holes to explore newly identified geophysical anomalies [1][2][3] Exploration Program Summary - The Phase II program aims to follow up on Phase I results, focusing on three large gravity anomalies identified through inversion modeling by ALS Geoanalytics in Q3 2025, which trend NNW-SSE and lie within untested volcanic-sedimentary units [3] - The Phase I drilling confirmed the presence of two distinct volcanogenic massive sulphide (VMS) mineralized horizons, indicating potential for further mineralization at depth and along strike to the south [2][3] Preparatory Work - Prior to drilling, King Global conducted an integrated exploration program that included an extended ground gravity survey, a ground electromagnetic survey to detect sulphide-related conductors, detailed geological mapping, and systematic soil geochemistry to target surface expressions of concealed mineralization [4] Company Overview - King Global Ventures focuses on the exploration of precious and base metals in North America, with the Black Canyon Project in Yavapai County covering 4,003 acres and including 15 former operating mines, notably the Howard Copper Mine [5][7] - The Howard Copper Mine, discovered in the early 1920s, has a historical focus on high-grade copper, with the main shaft reaching a depth of 900 feet, although no ore was mined below 500 feet [8]