Toronto, Ontario – January 22, 2025 – King Global Ventures Inc. (CSE: KING) (OTCQB: KGLDF) (FSE: 5LM1) (the “Company”) is pleased to announce that it has completed all regulatory requirements to commence drilling on it’s Howard Copper Mine property in Arizona. Boart Longyear has been engaged to commence drilling in February 2025. The permits allow for up to 40 drill holes and are good for a period of one year. The phase 1 drill program will be for 6 holes for a planned 2,500 metres of drilling on the Howard Copper Mine.
Robert Dzisiak, Chief Executive Officer of King stated, “we are very pleased to have secured all regulatory approvals for our “Maiden” drill program on our Howard Copper Mine property. We are looking forward to building on previous, historic mining activity at the Howard Copper Mine and the potential to expand mineralization at depth.”
HIGHLIGHTS
- Phase 1 drill program includes 6 holes for a planned 2,500 metres of drilling
- All regulatory approvals are in place and notice has been filed with the Arizona Department of Water Quality
- The Company is fully funded to complete the program
- The Howard Copper Property includes a historic, producing copper mine located in Yavapai County, Arizona
- Historic records indicate small-scale production and development during the 1930’s and into 1942 with an estimated 100,000 tons mined with an average grade of 3-5% copper
- Development work included a mine shaft down to 558 ft and extends for a length of 800 feet
- Howard Copper mine is steeply dipping with well-defined copper lenses
- VMS geology with higher copper grades amongst the Black Canyon VMS deposits
- The Company has completed all necessary preparations and regulatory requirements for the upcoming drill program.
Boart Longyear has been engaged to conduct the drill program, which will initially include six holes drilled from three separate pads, totaling approximately 2,500 metres of drilling. The objective of this maiden drill program is to test the extent of mineralization at depth and build upon historic mining activity at the Howard Copper Mine.
The Howard Copper Mine has an anecdotal history of discovery and production in the late 19th century. Discovered in the 1890s, initial mining activities focused on small-scale extraction of high-grade copper ores, followed by significant expansion between the 1920s and 1940s with industrialized mining methods. Historical records suggest production of approximately 100,000 tonnes of copper ore with reported average copper grades between 3% and 5%. However, documented production and development records were largely destroyed in a flood in the early 1980s.
Following World War II, production declined due to depletion of high-grade ore and the inability to secure adequate fuel rations under War Measures restrictions. The Howard Copper Mine has remained largely inactive since, with sporadic salvage mining activities. Mineralization is associated with a lens-shaped ore body hosted in chloritic schist with reported copper grades between 1% and 2%, while historical assays have shown up to 9.5% copper along with notable quantities of gold and silver.
According to anecdotal statements from eyewitnesses and government inspections, while the shaft was initially sunk to a depth of 275m, but no ore was mined below the 165 metre level. The operation was abandoned due to the inability to obtain sufficient fuel rations to operate the mine.
The Board of Directors of King has also approved the issuance of 100,000 stock options each to King Directors Jason Campbell and Joseph Polish. The options have an exercise price of $0.35/share and are good for 5 years.
NI 43-101 Compliance Disclaimer: The historical production information presented in this release is based on anecdotal reports and is not compliant with NI 43-101 standards. A qualified person has not verified the historical data, and additional exploration and analysis will be required to confirm the accuracy and relevance of this information.
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.