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King Global Receives Approval for Airborne Geophysics
Toronto, Ontario--(Newsfile Corp. - November 30, 2021) - King Global Ventures Inc. (TSXV: KIN...
About this update from King Global Ventures Inc.
[{"type":"text","content":"King Global Receives Approval for Airborne GeophysicsToronto, Ontario--(Newsfile Corp. - November 30, 2021) - King Global Ventures Inc. (TSXV: KING) (OTC Pink: KGLDF) (FSE: 5LM1) (the \"Company\") is pleased to announce that it has received approval from the Government of Newfoundland to undertake a multiparameter airborne survey system (M-PASS) on its Golden Nugget and Miss Pickle properties in central Newfoundland. As previously announced (October 14, 2021) King has engaged GoldSpot Discoveries Corp. to utilize its proprietary Artificial Intelligence technology to advance the exploration of King's properties in Central Newfoundland. GoldSpot will be overseeing the mobilization and data analysis of the M-Pass, to establish details of the structural controls of the property and to develop drill targets.Robert Dzisiak, Chief Executive Officer of King stated, \"the M-PASS airborne survey will provide critical data to focus on delineating high priority drill targets for a planned spring drill program. The data will also help to establish the continuity of our geological model in relation to the recent, bonanza grade results from Ethos's Toogood Gold project which trends through our New World Island Property.\"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 m. These high-grade channels are contained within extensive areas of lower to medium grade gold values along the entire length of this 10 km structural corridor.The Miss Pickle Property (950 ha), is also north of the Davidsville Group and lies in another parallel structure to the Gold Nugget Property known as the Coaker Trend. Historical grab samples include, 7.3 g/t gold over 2.05 m, 8.3 g/t gold over 1.9 m and 7.1 g/t gold over 1.2 m. The length weighed average of 26 channel samples across the zone is 3.2 g/t gold. A new gold zone with overall channel sampling of 0.39/g/t Au over 54 m, including 0.96 g/t Au over 7.5 m was discovered during the summer of 2021 (the zone is open in all directions).The Go...