Highlights
Phase 1 drill program to test 11 prospective targets on its
The program will test gold targets identified by King from previous prospecting work completed by Rubicon Minerals and King's recent exploration activities.
The Coaker trend includes 3 showing that are associated with the Coaker Porphyry in the shallows that run between Coaker and Dunnage Islands. Coaker trend targets include Hy-Grade, Miss Pickle and
Sampling of eight new gold discoveries along an eight km section of the New World Trend has returned significant gold results, including: 18.1 g/t Au over 2.3 m; 50.2 g/t Au over 1.1 m (
At the Big Oz showing area, sampling of a 3 to 5 m thick section of mineralized sediments (135 samples), has returned an average of 1.1 g/t Au across the 250 meters of intermittent exposure of the zone. This includes length-weighted average 2.6 g/t Au in 44 samples along a 35 m section. Sampling at the Dunnage-Coaker target, located approximately 2 km from the NWT has documented a 2 km trend of mineralized porphyry and sedimentary complex. Significant results include 7.3 g/t Au over 2.05 m, 4.7 g/t Au over 1.6 m, 8.3 g/t Au over 1.9 m; 6.2 g/t Au over 1.7 m and 7.1 g/t Au gold over 1.2 m (HyGrade). A composite average across the most completely exposed section returned 5.9 g/t Au over 5.85 m within a zone that is estimated to be 8 m thick. Widespread lower grade mineralization of 1.03 g/t Au over 25.9 m (MissPickle) also occurs within altered and mineralized instrusive rocks with the Dunnage-Coaker.
The permits for the proposed Phase 1 drill program anticipate 24 drill holes from 8 drill sites for a total of 3,022 metres of drilling. Drill operations will be barge supported as drill sites will be accessed by tide water.
The Company is fully funded for it's 3,000 metre spring/summer drill program.
About
Contact:
Tel: 204-955-4803
Email: ir@kingtsxv.com
Web: www.kingtsxv.com
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.
(C) 2022 Electronic News Publishing, source