Toronto, Ontario – November 12, 2024 – King Global Ventures Inc. (CSE: KING) (OTCQB: KGLDF) (FSE: 5LM1) (the “Company”) is pleased to announce that it has initiated a 660 Line Kilometre VTEM (Versatile Time Domain Electromagnetic) Survey on Silver Cord Base and Precious Metal Prospect in Yavapai County, Arizona.
The VTEM system is renowned for its ability to detect subsurface conductive materials at depths of up to 700 meters in favorable geological conditions. This capability allows for mapping the electrical response of subsurface features, making it a valuable tool in mineral exploration.
The Silver Cord prospect is strategically located in an area characterized by a rich history of mining and mineral discovery that remains prospective for base and precious metal deposits. The data obtained from the VTEM survey will be integrated into the Silver Cord curated GIS database and aid exploration targeting and the planning of future drilling programs.
King is also pleased to announce that the Company has appointed Frontier Merchant Capital Group, Redfern Media and 45 Degrees as marketing consultants to provide investor awareness. Frontier, Redfern and 45 Degrees will support the Company through a mix of market communication strategies, including social media, roadshows, investor relation services and media exposure across multiple media outlets.
Under the terms of their engagement, Frontier has been retained for a 12-month period at $80,000 plus direct expenses, to be paid from general corporate funds.
Under the terms of their engagement, Redfern Media has been retained for a 3 month period at US$30,000 plus direct expenses, to be paid from general corporate funds. In addition, Redfern Media will be granted 50,000 options at $0.45 for a period of 5 years, such options to vest immediately.
Under the terms of their engagement, 45 Degrees has been retained for six month and will be granted 200,000 RSU’s under the Company’s incentive RSU/DSU plan, of which half will vest on February 15, 2025 and the other half on May 15, 2025, subject to their obligations under the agreement having been met.
About King Global Ventures:
Silver Cord Property in Arizona
King Global Ventures is focused on the exploration of precious metals in North America. The Silver Cord Project in Yavapai County Arizona is comprised of 133 contiguous concessions covering a total area of 2,437 ac, including 12 former operating mines. And is situated 64 miles north of Phoenix Arizona. The Silver Cord 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 12 miles N.W. of Arizona Metals and 60 miles south of the historic Jerome Copper mine.
York Property in Quebec
The York Property is comprised of 77 claims exceeding 40 sq. km. The Property is on trend between Azimut’s Elmer Property and the Eleonor Gold Mine. The Eleonor Mine is hosted by rocks similar to the clastic sediments known to host the Ukaw gold showings.
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.
Additional information about King Ventures can be viewed at the Company’s website at www.kingcse.com or at www.sedarplus.ca.
On behalf of King Global Ventures
Robert Dzisiak
Chief Executive Officer
+1-204-955-4803
ir@kingcse.com
www.kingcse.com
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.