Featured Company /
King Global Ventures Inc.
Newfoundland has a rich mining history dating back centuries, including the Notre Dame Bay area serving as the world’s sixth biggest copper producer in the late 1800’s. The story goes that the explosion of copper mining in Notre Dame Bay began by a fisherman finding copper ore in boulders he was using for ballast in his boat. Today, a renaissance is occurring in Newfoundland mining, but it is not by such happenstance, as modern technology and a prolific gold discovery at the Queensway project by New Found Gold (TSX-Venture:NFG) (NYSE-American:NFGC)
Queensway is only in the discovery stage but supported by a spate of data proving high-grade gold to abound. Investors have cheered the discovery, leading to New Found Gold having a valuation of C$2.2 billion this past summer.
Against that backdrop, the province is now a focus for miners and explorers from upstarts to majors known to host hundreds of gold occurrences and many significant metal deposits with new discoveries still to be made. The resurgence in activity over the last 40 years is owed to rising prices for precious and base metals, which gives the investment community a unique opportunity to participate in a burgeoning market from the ground floor.
A hot button region in Newfoundland is, not surprisingly, the Gander Gold Belt that hosts the Queensway project. The gold-rich belt is the focus of King Global Ventures Inc. (TSX-Venture:KING) (OTCPK:KGLDF)
King Global owns 100% interest in each of the Golden Nugget, Miss Pickle, Gold Boulder and Chapel Island, all of which are gold projects that have previously been explored, including as recently as the mid-2000’s. The past data coupled with the new work by King Global is reason for the company and its stakeholders to be excited about soon upcoming results from recently completed work.
Get to Know These Properties
The Golden Nugget Property consists of a 10-kilometer-long contiguous land package (1,850 hectares (ha)) of siliciclastic sediments within beds of conglomerates and mafic materials. In laymen’s terms: rock that is highly favorable for containing high-grade gold. The property underwent extensive prospecting, channel sampling and mapping from 2002 – 2007 during which the 10-kilometer New World Trend was identified. High-grade gold occurs in all rock groups at Golden Nugget, with channel samples having returned values of 50.2 grams per tonne (g/t) gold (Au) over 1.1 meters (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 the lengthy structural corridor.
The image below provides some clarity to the type of gold found at/near surface at Golden Nugget.
Nearby, the Miss Pickle Property (950 ha) is also north of the Davidsville Group (the same geological belt which hosts the high-grade Queensway project and lies in another parallel structure to the Gold Nugget Property known as the Coaker Trend. The Cape Ray fault runs right through Miss Pickle. The property was subject to intensive prospecting in 2002 – 2003 during which 1,800+ rock samples were collected and analyzed along a more than 2-kilometer-long strike. 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. In November, King Global announced the discovery of a new gold trend at Miss Pickle evidenced through a channel sampling program. Significant assays included returns of 0.39 g/t Au over 54 m and the gold bearing intercepts of 0.96 g/t Au over 7.5 m and 0.56 g/t Au over 30.5 m, which provided a priority gold mineralization target for drilling in 2022. The new gold zone remains open in all directions.
The Gold Boulder Prospect consists of four contiguous claim blocks (100 ha) located near the small town of Glenwood in Central Newfoundland. This is the property that is bound on all sides by New Found Gold Corp. As is a favorable trend with King Global projects, the geology at Gold Boulder is characterized by siliciclastic sediments of the Davidsville Group. High grade, but unsourced gold boulders (167 g/t gold) litter this property.
The recently acquired Chapel Island Property (1,300 ha) consists of 54 mining blocks located in north-east central Newfoundland, on Chapel Island within the Dunnage Tectonostratigraphic zone of the Appalachian Orogen. The Road Zone consists of 4 historical showings containing numerous gold occurrences that have returned individual assay results up to 85 g/t Au and 32 g/t Au. Chapel Island also has a kicker in that it has historical nickel showings grab samples up to 3.05% Ni. The Lost Swamp showing at Chapel Island is comprised of a silicified and carbonate altered Coaker porphyry that contains very, fine grained arsenopyrite, with assay results returning values up to 149.8 g/t Au and 23.3 g/t Au. At the Swamp Zone, a total of 35 channel samples were cut for a combined length of 35.9 m at 8 different locations in the old trench. The best results from the sampling were 5.2 m of 484 ppb Au and 0.9 m of 3.9 g/t Au.
Elsewhere, the company owns the York Gold Property in Quebec that is on trend between Azimut Exploration Inc.’s (TSX-Venture:AZM)
Upcoming Catalysts
During 2021, King Global spent $300,000 on exploration activity that included prioritized channel sampling, extension of grab samples on trend, soil sampling and analysis. To lend a little color, 270 soil and 108 rock samples were collected at Golden Nugget and 5 channel samples were conducted across the historical high-grade Big Oz target (87 g/t Au over 0.8m). Visible gold was noted in two of the channels.
1,072 soil samples, 2 rock samples and 114 channel samples for combined length of 60 m were completed at Miss Pickle and 695 soil samples and 3 rock samples were collected at Gold Boulder (one that had visible gold).
The company is currently awaiting lab analysis from Chapel Island. At Miss Pickle and Golden Nugget, the new information from the summer work program will be used in conjunction with an upcoming M-PASS airborne survey that received a green light from the Newfoundland government late in November. King Global has engaged GoldSpot Discoveries Corp. (TSX-Venture:SPOT) (OTCQX:SPOFF)
This is critical work because the subsequent drilling will aim to establish a link between the bonanza grade gold recently discovered at Ethos Gold Corp.’s (TSX-Venture:ECC) (OTCQB:ETHOF)
Ethos Gold has a market cap of C$40 million, which conjures up some speculation about the upside to King Global with its market cap still around C$6.5 million.
Cash in Hand and the Biggest Name in Mining as a Top Investor
King Global has the attention of famed billionaire resource investor Eric Sprott as one of its top investors after he put C$1.0 million into KING in June 2021. In order to fund ongoing work at its Newfoundland projects, the company raised C$700,000 via a private placement. Nothing is ever guaranteed, but Sprott has never been shy about continuing to be supportive of his portfolio companies when the data points to a promising project, which is why it is extremely advantageous to have him onboard.
To that end, all eyes are going to be on King Global when that data starts to arrive from last year’s work. With shares at 4.5 Canadian cents each, there is plenty of headroom for growth as the company looks to be the next success story in the blossoming Newfoundland gold industry.
About AllPennyStocks.com:
AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.
As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.
Corporate Snapshot:
King Global Ventures Inc.
Stock Symbol:
CA
Stock Exchange:
TSX-Venture
Sector:
Natural Resources
52 Week High:
$0.1150
52 Week Low:
$0.0350
Current Stock Quote / Chart / News: Click here
Information as of
January 18, 2022
Newfoundland has a rich mining history dating back centuries, including the Notre Dame Bay area serving as the world’s sixth biggest copper producer in the late 1800’s. The story goes that the explosion of copper mining in Notre Dame Bay began by a fisherman finding copper ore in boulders he was using for ballast in his boat. Today, a renaissance is occurring in Newfoundland mining, but it is not by such happenstance, as modern technology and a prolific gold discovery at the Queensway project by New Found Gold (TSX-Venture:NFG) (NYSE-American:NFGC)
Queensway is only in the discovery stage but supported by a spate of data proving high-grade gold to abound. Investors have cheered the discovery, leading to New Found Gold having a valuation of C$2.2 billion this past summer.
Against that backdrop, the province is now a focus for miners and explorers from upstarts to majors known to host hundreds of gold occurrences and many significant metal deposits with new discoveries still to be made. The resurgence in activity over the last 40 years is owed to rising prices for precious and base metals, which gives the investment community a unique opportunity to participate in a burgeoning market from the ground floor.
A hot button region in Newfoundland is, not surprisingly, the Gander Gold Belt that hosts the Queensway project. The gold-rich belt is the focus of King Global Ventures Inc. (TSX-Venture:KING) (OTCPK:KGLDF)
King Global owns 100% interest in each of the Golden Nugget, Miss Pickle, Gold Boulder and Chapel Island, all of which are gold projects that have previously been explored, including as recently as the mid-2000’s. The past data coupled with the new work by King Global is reason for the company and its stakeholders to be excited about soon upcoming results from recently completed work.
Get to Know These Properties
The Golden Nugget Property consists of a 10-kilometer-long contiguous land package (1,850 hectares (ha)) of siliciclastic sediments within beds of conglomerates and mafic materials. In laymen’s terms: rock that is highly favorable for containing high-grade gold. The property underwent extensive prospecting, channel sampling and mapping from 2002 – 2007 during which the 10-kilometer New World Trend was identified. High-grade gold occurs in all rock groups at Golden Nugget, with channel samples having returned values of 50.2 grams per tonne (g/t) gold (Au) over 1.1 meters (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 the lengthy structural corridor.
The image below provides some clarity to the type of gold found at/near surface at Golden Nugget.
Nearby, the Miss Pickle Property (950 ha) is also north of the Davidsville Group (the same geological belt which hosts the high-grade Queensway project and lies in another parallel structure to the Gold Nugget Property known as the Coaker Trend. The Cape Ray fault runs right through Miss Pickle. The property was subject to intensive prospecting in 2002 – 2003 during which 1,800+ rock samples were collected and analyzed along a more than 2-kilometer-long strike. 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. In November, King Global announced the discovery of a new gold trend at Miss Pickle evidenced through a channel sampling program. Significant assays included returns of 0.39 g/t Au over 54 m and the gold bearing intercepts of 0.96 g/t Au over 7.5 m and 0.56 g/t Au over 30.5 m, which provided a priority gold mineralization target for drilling in 2022. The new gold zone remains open in all directions.
The Gold Boulder Prospect consists of four contiguous claim blocks (100 ha) located near the small town of Glenwood in Central Newfoundland. This is the property that is bound on all sides by New Found Gold Corp. As is a favorable trend with King Global projects, the geology at Gold Boulder is characterized by siliciclastic sediments of the Davidsville Group. High grade, but unsourced gold boulders (167 g/t gold) litter this property.
The recently acquired Chapel Island Property (1,300 ha) consists of 54 mining blocks located in north-east central Newfoundland, on Chapel Island within the Dunnage Tectonostratigraphic zone of the Appalachian Orogen. The Road Zone consists of 4 historical showings containing numerous gold occurrences that have returned individual assay results up to 85 g/t Au and 32 g/t Au. Chapel Island also has a kicker in that it has historical nickel showings grab samples up to 3.05% Ni. The Lost Swamp showing at Chapel Island is comprised of a silicified and carbonate altered Coaker porphyry that contains very, fine grained arsenopyrite, with assay results returning values up to 149.8 g/t Au and 23.3 g/t Au. At the Swamp Zone, a total of 35 channel samples were cut for a combined length of 35.9 m at 8 different locations in the old trench. The best results from the sampling were 5.2 m of 484 ppb Au and 0.9 m of 3.9 g/t Au.
Elsewhere, the company owns the York Gold Property in Quebec that is on trend between Azimut Exploration Inc.’s (TSX-Venture:AZM)
Upcoming Catalysts
During 2021, King Global spent $300,000 on exploration activity that included prioritized channel sampling, extension of grab samples on trend, soil sampling and analysis. To lend a little color, 270 soil and 108 rock samples were collected at Golden Nugget and 5 channel samples were conducted across the historical high-grade Big Oz target (87 g/t Au over 0.8m). Visible gold was noted in two of the channels.
1,072 soil samples, 2 rock samples and 114 channel samples for combined length of 60 m were completed at Miss Pickle and 695 soil samples and 3 rock samples were collected at Gold Boulder (one that had visible gold).
The company is currently awaiting lab analysis from Chapel Island. At Miss Pickle and Golden Nugget, the new information from the summer work program will be used in conjunction with an upcoming M-PASS airborne survey that received a green light from the Newfoundland government late in November. King Global has engaged GoldSpot Discoveries Corp. (TSX-Venture:SPOT) (OTCQX:SPOFF)
This is critical work because the subsequent drilling will aim to establish a link between the bonanza grade gold recently discovered at Ethos Gold Corp.’s (TSX-Venture:ECC) (OTCQB:ETHOF)
Ethos Gold has a market cap of C$40 million, which conjures up some speculation about the upside to King Global with its market cap still around C$6.5 million.
Cash in Hand and the Biggest Name in Mining as a Top Investor
King Global has the attention of famed billionaire resource investor Eric Sprott as one of its top investors after he put C$1.0 million into KING in June 2021. In order to fund ongoing work at its Newfoundland projects, the company raised C$700,000 via a private placement. Nothing is ever guaranteed, but Sprott has never been shy about continuing to be supportive of his portfolio companies when the data points to a promising project, which is why it is extremely advantageous to have him onboard.
To that end, all eyes are going to be on King Global when that data starts to arrive from last year’s work. With shares at 4.5 Canadian cents each, there is plenty of headroom for growth as the company looks to be the next success story in the blossoming Newfoundland gold industry.
About AllPennyStocks.com:
AllPennyStocks.com Media, Inc., founded in 1999, is one of North America’s largest and most comprehensive small-cap / penny stock financial portals. With Canadian and U.S. focused penny stock features and content, the site offers information for novice investors to expert traders. Outside of the countless free content available to visitors, AllPennyStocks.com Pro (premium service) caters to traders looking for that trading edge by offering monthly stock picks, daily penny stock to watch trade ideas, market commentary and more.
As a result of its commitment to journalistic excellence and abundance of information in a particular area of equity investing (micro-cap investing) where there aren’t many credible sources of information, AllPennyStocks.com continues to have one of the largest audiences of micro-cap investors on the internet.
Forward Looking Statements
This report includes forward-looking statements that reflect current expectations about its future results, performance, prospects and opportunities. King Global Ventures Inc. has tried to identify these forward-looking statements by using words and phrases such as "may," "will," "expects," "anticipates," "believes," "intends," "estimates," "plan," "should," "typical," "preliminary," "we are confident" or similar expressions. These forward-looking statements are based on information currently available and are subject to a number of risks, uncertainties and other factors that could cause King Global Ventures Inc.'s actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks, uncertainties and other factors include, without limitation, the Company's growth expectations and ongoing funding requirements, and specifically, the Company's growth prospects with scalable customers, and those outlined above. Other risks include the Company's limited operating history, the Company's history of operating losses, consumers' acceptance, the Company's use of licensed technologies, risk of increased competition, the potential need for additional financing, the terms and conditions of any financing that is consummated, the limited trading market for the Company's securities, the possible volatility of the Company's stock price, the concentration of ownership, and the potential fluctuation in the Company's operating results.
Disclaimer
AllPennyStocks.com feature stock reports are intended to be stock ideas, NOT recommendations. Please do your own research before investing. It is crucial that you at least look at current SEC filings and read the latest press releases. Information contained in this report was extracted from current documents filed with the SEC, the company web site and other publicly available sources deemed reliable. For more information see our disclaimer section, a link of which can be found on our web site. This document contains forward-looking statements, particularly as related to the business plans of the Company, within the meaning of Section 27A of the Securities Act of 1933 and Sections 21E of the Securities Exchange Act of 1934, and are subject to the safe harbor created by these sections. Actual results may differ materially from the Company's expectations and estimates. This is an advertisement for King Global Ventures Inc. The purpose of this advertisement, like any advertising, is to provide coverage and awareness for the company. The information provided in this advertisement is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation or which would subject us to any registration requirement within such jurisdiction or country.
© 1999-2024AllPennyStocks.com Media, Inc. All rights reserved. AllPennyStocks.com is not a Registered Broker/Dealer or Financial Advisor, nor do we hold ourselves out to be. All materials presented on our web site and individual reports released to the public through this web site, e-mail or any other means of transmission are not to be regarded as investment advice and are only for informative purposes. Before making a purchase or sale of any securities featured on our web site or mentioned in our reports, we strongly encourage and recommend consultation with a registered securities representative. This is not to be construed as a solicitation or recommendation to buy or sell securities. As with any stock, companies we select to profile involve a degree of investment risk and volatility. Particularly Small-Caps and OTC-BB stocks. All investors are cautioned that they may lose all or a portion of their investment if they decide to make a purchase in any of our profiled companies. Past performance of our profiled stocks is not indicative of future results. The accuracy or completeness of the information on our web site or within our reports is only as reliable as the sources they were obtained from. The profile and opinions expressed herein are expressed as of the date the profile is posted on site and are subject to change without notice. No investor should assume that reliance on the views; opinions or recommendations contained herein will produce profitable results. AllPennyStocks.com may hold positions in securities mentioned herein, and may make purchases or sales in such securities featured on our web site or within our reports. In order to be in full compliance with the Securities Act of 1933, Section 17(b), AllPennyStocks.com will disclose in its disclaimer, what, if any compensation was received for our efforts in researching, presenting and disseminating this information to our subscriber database and featuring the report on the AllPennyStocks.com web site.
AllPennyStocks.com has been compensated six thousand five hundred dollars by a third-party, Frontier Consulting LLC. for its efforts in presenting the KING profile on its web site and distributing it to its database of subscribers as well as other services. AllPennyStocks.com may decide to purchase or sell shares on a voluntary basis in the open market before, during or after the profiling period of this report. Information presented on our web site and within our reports contain "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward looking statements." Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as "expects", "will," "anticipates," "estimates, "believes," or that by statements indicating certain actions "may," "could," or "might" occur.
THE READER SHOULD VERIFY ALL CLAIMS AND DO THEIR OWN DUE DILIGENCE BEFORE INVESTING IN ANY SECURITIES MENTIONED. INVESTING IN SMALL CAP SECURITIES IS SPECULATIVE AND CARRIES A HIGH DEGREE OF RISK.