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King Global Applies for Drill Permits on 11 Targets on Golden Nugget and Miss Pickle Properties
Toronto, Ontario--(Newsfile Corp. - March 29, 2022) - King Global Ventures Inc. (TSXV: KING) ...
About this update from King Global Ventures Inc.
[{"type":"text","content":"King Global Applies for Drill Permits on 11 Targets on Golden Nugget and Miss Pickle PropertiesToronto, Ontario--(Newsfile Corp. - March 29, 2022) - King Global Ventures Inc. (TSXV: KING) (OTC Pink: KGLDF) (FSE: 5LM1) (the \"Company\") has engaged Environmental Applications Group Inc. (\"EAG) for permit applications and are concluding discussions with diamond drill contractors for a Phase 1 drill program to test on 11 prospective targets on its Golden Nugget and Miss Pickle Properties in the New World Island and Coaker Gold Trends of Newfoundland.The program will test gold targets identified by King from previous prospecting work completed by Rubicon Minerals and King's recent exploration activities. The New World Island trend includes gold showings along a structural corridor that trends northeasterly along the southern shore of New World Island and includes the surface gold showings: Gina, Big Island, Red Fox, Hard Rock, and Big Oz and others.The Coaker trend includes three showings 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 Quinlan Island where anomalous gold values have been confirmed associated with quartz veins and associated alteration (McNeil, 2004)The permit application for the proposed Phase 1 drill program will anticipates 24 drill holes from 8 drill sites for a total of 3, 022 meters of drilling. Drilling operations will be barge-supported as drill sites will be accessed by tide-water. The proposed drill program anticipates a mid-May start and will last approximately six-weeks. Robert Dzisiak, Chief Executive of King, stated, \"Our technical team has identified multiple high value drill targets on our Golden Nugget and Miss Pickle Properties. We are very excited about commencing our maiden drilling program and moving King forward after a significant ground exploration program.\"Newfoundland Properties:King Global's projects include 100% interest in the following gold exploration projects:The Golden Nugget Property consists of a 10 km long contiguous land package (1,850 ha.) of siliciclastic sediments within beds of conglomerates and mafic materials. High grade gold occurs in all rock groups with channel samples having returned values of 50.2 g/t gold over 1.1 m, 87 g/t over 0.8 m and 29.2 g/t over 2.5...