Featured Company /
King Global Ventures Inc.
In Canadian precious metal mining, Eric Sprott is a legend, becoming a billionaire through prescient investments in young explorers and unwavering bullishness on gold and silver. Sprott’s winning strategy has never been some conservative approach looking to milk a few percent annual return from major miners. He has always favored juniors, with a buckshot approach to spread the opportunities complemented by some big bets on areas he really feels strongly about.
One such example was his large stake in Kirkland Lake Gold, a one-time penny stock that grew to a $13.5 billion valuation before merging in February with Agnico Eagle Mines (NYSE:AEM) (TSX:AEM)
Sprott now has his sights set on what could be the next big thing and he thinks it is in the Gander Gold Belt. He has poured about $200 million into New Found Gold (NYSE American:NFGC) (TSX-Venture:NFG)
Some early drill data and Eric Sprott’s investment have given rise to shares of NFGC from a low of $1.40 shortly after coming public in September 2020 to a high of $12.00 in June 2021.
Sprott thinks the project is going to go down in history, recently telling Financial Post that it may prove to be the greatest gold discovery not only in Canada, but possibly in the world.
Take a moment and put that in perspective. There are some massive gold mines producing today with decades of reserves still to be unearthed. Think about the Pueblo Viejo in the Dominican Republic, Muruntau in Uzbekistan, Carlin in U.S., Olimpiada in Russia, Boddington in Australia, and many others scattered across the planet. If Sprott is right, they will all be smaller than the deposit in the Gander Gold Belt of Newfoundland. And he’s betting nearly a quarter of a billion dollars that even if he’s only partially wrong, he is going to be oh so right.
Against this backdrop, the entire region is building value like prime real estate, with more than 40 companies actively advancing projects. Prospector Metals (TSX-Venture:PPP) (OTCQB:ETHOD)
Eric Sprott doesn’t only have money in New Found Gold to get exposure to the area, he is also an investor in King Global Ventures Inc. (TSX-Venture:KING) (OTCPK:KGLDF)
Investor Highlights for King Global Ventures, Inc.:
• Strong Sample Results At Golden Nugget. High-grade gold occurs in all rock groups at Golden Nugget project, 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.
• Impressive Miss Pickle Grab Samples. Historical grab samples at Miss Pickle project 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.
• New Gold Trend Recently Identified. 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.
• Gold Scattered Everywhere At Gold Boulder Project. Gold Boulder’s geology is characterized by siliciclastic sediments of the Davidsville Group. High grade, but unsourced gold boulders (167 g/t gold) litter this property.
• Strong Gold & Nickel Results For Recently Acquired Property. Recently acquired Chapel Island Property (1,300 ha) consists of 54 mining blocks on Chapel Island. 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.
• Billionaire Drops $1 Million On King Global, Investors See Major Upside. As mentioned, Eric Sprott is an investor in KING, putting C$1.0 million in as an initial investment last June. In October, King raised C$700,000 via private placement, which was supplemented this month with another C$150,000 through a completed private placement. In a showing of strong support, the company completed the recent private placement at 5 cents per share, a penny above the current price, with the kicker of a warrant exercisable for three years at a price of 7.5 cents, indicating investors have confidence the stock will move upward.
Miss Pickle, Chapel Island, and Gold Nugget are all located on the Cape Ray fault. This northeast-southwest trending fault is host to Marathon Gold’s (TSX:MOZ) (TSX:TECK.B) (NYSE:TECK) (TSX-Venture:SIC)
Dialing-In on the 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.
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 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 bound on all sides by New Found Gold Corp’s vaunted Queensway project. 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 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.
Get Ready…Drilling Coming
Nothing gets resource investors’ blood pumping like drilling programs and the subsequent data that results. King is there. The company has filed its permit application and has engaged a diamond drill contractor for the first phase of its maiden drilling program (expected to be comprised of 24 drill holes from 8 drill sites for a total of 3,022 meters) on Golden Nugget and Miss Pickle properties.
Drilling will evaluate high priority targets identified from prospecting work that discovered many gold showings (dubbed Gina, Big Island, Red Fox, Hard Rock, and Big Oz) along a structural corridor that trends northeasterly along the southern shore of New World Island. Drilling on the Coaker trend will provide better understanding of three gold showings associated with the Coaker Porphyry in the shallows between Coaker and Dunnage Islands.
Other drilling is being planned for Golden Nugget and Miss Pickle pending completion of the GoldSport Multi-Parameter Airborne Survey, which is being held up by uncooperative weather conditions at the moment. Results of the survey will be used in conjunction with GoldSpot Discoveries Corp. Artificial Intelligence data analysis to further target refinement.
The final compilation of data will also benefit King in its efforts to identify more drill targets that will begin with ground exploration, such as mapping, grab, channel, and soil sampling planned for this summer.
Cash in Hand
As mentioned, Eric Sprott is an investor in KING, putting C$1.0 million in as an initial investment last June. In October, King raised C$700,000 via private placement, which was supplemented this month with another C$150,000 through a completed private placement. In a showing of strong support, the company completed the recent private placement at 5 cents per share, a penny above the current price, with the kicker of a warrant exercisable for three years at a price of 7.5 cents, indicating investors have confidence the stock will move upward.
Sprott is well-known for coming back in when he sees and opportunity, so investors will certainly have their eyes peeled for any news on that front should it transpire. Right now, the near-term catalysts are completion of the M-Pass Airborne Survey, followed by getting the drill bit into the rock. With a market capitalization of just over C$5.0 million, KING is trading at a small multiple to cash and sitting on what could be (and hopefully will be) a gold mine of properties.
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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
April 26, 2022
In Canadian precious metal mining, Eric Sprott is a legend, becoming a billionaire through prescient investments in young explorers and unwavering bullishness on gold and silver. Sprott’s winning strategy has never been some conservative approach looking to milk a few percent annual return from major miners. He has always favored juniors, with a buckshot approach to spread the opportunities complemented by some big bets on areas he really feels strongly about.
One such example was his large stake in Kirkland Lake Gold, a one-time penny stock that grew to a $13.5 billion valuation before merging in February with Agnico Eagle Mines (NYSE:AEM) (TSX:AEM)
Sprott now has his sights set on what could be the next big thing and he thinks it is in the Gander Gold Belt. He has poured about $200 million into New Found Gold (NYSE American:NFGC) (TSX-Venture:NFG)
Some early drill data and Eric Sprott’s investment have given rise to shares of NFGC from a low of $1.40 shortly after coming public in September 2020 to a high of $12.00 in June 2021.
Sprott thinks the project is going to go down in history, recently telling Financial Post that it may prove to be the greatest gold discovery not only in Canada, but possibly in the world.
Take a moment and put that in perspective. There are some massive gold mines producing today with decades of reserves still to be unearthed. Think about the Pueblo Viejo in the Dominican Republic, Muruntau in Uzbekistan, Carlin in U.S., Olimpiada in Russia, Boddington in Australia, and many others scattered across the planet. If Sprott is right, they will all be smaller than the deposit in the Gander Gold Belt of Newfoundland. And he’s betting nearly a quarter of a billion dollars that even if he’s only partially wrong, he is going to be oh so right.
Against this backdrop, the entire region is building value like prime real estate, with more than 40 companies actively advancing projects. Prospector Metals (TSX-Venture:PPP) (OTCQB:ETHOD)
Eric Sprott doesn’t only have money in New Found Gold to get exposure to the area, he is also an investor in King Global Ventures Inc. (TSX-Venture:KING) (OTCPK:KGLDF)
Investor Highlights for King Global Ventures, Inc.:
• Strong Sample Results At Golden Nugget. High-grade gold occurs in all rock groups at Golden Nugget project, 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.
• Impressive Miss Pickle Grab Samples. Historical grab samples at Miss Pickle project 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.
• New Gold Trend Recently Identified. 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.
• Gold Scattered Everywhere At Gold Boulder Project. Gold Boulder’s geology is characterized by siliciclastic sediments of the Davidsville Group. High grade, but unsourced gold boulders (167 g/t gold) litter this property.
• Strong Gold & Nickel Results For Recently Acquired Property. Recently acquired Chapel Island Property (1,300 ha) consists of 54 mining blocks on Chapel Island. 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.
• Billionaire Drops $1 Million On King Global, Investors See Major Upside. As mentioned, Eric Sprott is an investor in KING, putting C$1.0 million in as an initial investment last June. In October, King raised C$700,000 via private placement, which was supplemented this month with another C$150,000 through a completed private placement. In a showing of strong support, the company completed the recent private placement at 5 cents per share, a penny above the current price, with the kicker of a warrant exercisable for three years at a price of 7.5 cents, indicating investors have confidence the stock will move upward.
Miss Pickle, Chapel Island, and Gold Nugget are all located on the Cape Ray fault. This northeast-southwest trending fault is host to Marathon Gold’s (TSX:MOZ) (TSX:TECK.B) (NYSE:TECK) (TSX-Venture:SIC)
Dialing-In on the 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.
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 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 bound on all sides by New Found Gold Corp’s vaunted Queensway project. 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 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.
Get Ready…Drilling Coming
Nothing gets resource investors’ blood pumping like drilling programs and the subsequent data that results. King is there. The company has filed its permit application and has engaged a diamond drill contractor for the first phase of its maiden drilling program (expected to be comprised of 24 drill holes from 8 drill sites for a total of 3,022 meters) on Golden Nugget and Miss Pickle properties.
Drilling will evaluate high priority targets identified from prospecting work that discovered many gold showings (dubbed Gina, Big Island, Red Fox, Hard Rock, and Big Oz) along a structural corridor that trends northeasterly along the southern shore of New World Island. Drilling on the Coaker trend will provide better understanding of three gold showings associated with the Coaker Porphyry in the shallows between Coaker and Dunnage Islands.
Other drilling is being planned for Golden Nugget and Miss Pickle pending completion of the GoldSport Multi-Parameter Airborne Survey, which is being held up by uncooperative weather conditions at the moment. Results of the survey will be used in conjunction with GoldSpot Discoveries Corp. Artificial Intelligence data analysis to further target refinement.
The final compilation of data will also benefit King in its efforts to identify more drill targets that will begin with ground exploration, such as mapping, grab, channel, and soil sampling planned for this summer.
Cash in Hand
As mentioned, Eric Sprott is an investor in KING, putting C$1.0 million in as an initial investment last June. In October, King raised C$700,000 via private placement, which was supplemented this month with another C$150,000 through a completed private placement. In a showing of strong support, the company completed the recent private placement at 5 cents per share, a penny above the current price, with the kicker of a warrant exercisable for three years at a price of 7.5 cents, indicating investors have confidence the stock will move upward.
Sprott is well-known for coming back in when he sees and opportunity, so investors will certainly have their eyes peeled for any news on that front should it transpire. Right now, the near-term catalysts are completion of the M-Pass Airborne Survey, followed by getting the drill bit into the rock. With a market capitalization of just over C$5.0 million, KING is trading at a small multiple to cash and sitting on what could be (and hopefully will be) a gold mine of properties.
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.
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