공시 • Jun 16
King Global Ventures Inc. Confirms VMS-Style Hydrothermal Feeder System at Iron Horse
King Global Ventures Inc. announced that initial drilling (IH-26-01 and IH-26-02) on its maiden, 14,000 foot diamond drilling program on its Iron Horse VMS project confirms a VMS-style hydrothermal feeder system. Both geology and geophysics align on the initial priority targets. Based on geological, structural and lithogeochemical observations, the Company interprets the alteration corridor as a hydrothermal feeder conduit developed within the volcanic succession rather than a stratiform sulphide horizon. Correlation between drill holes IH-26-01 and IH-26-02 demonstrates continuity of the hydrothermal system and suggests local thickening and increased structural complexity within the corridor in hole IH-26-02. The interpreted feeder corridor occurs within a zone characterized by coincident magnetic, electromagnetic and gravity anomalies. The magnetic response is interpreted to reflect the presence of iron formation horizons within the Spud Mountain Formation, while the electromagnetic response is consistent with conductive sulphide-bearing and altered stratigraphy. The gravity anomaly is interpreted to reflect increased density associated with iron-rich exhalative units, sulphide-bearing horizons and hydrothermal alteration within the volcanic succession. The spatial coincidence of the hydrothermal alteration corridor with these independent geophysical responses is considered significant by the Company's technical team. Drilling has confirmed that the targeted geophysical anomalies occur within favorable Spud Mountain Formation stratigraphy and are associated with hydrothermal alteration, sulphide development, structural preparation and lithogeochemical signatures consistent with a VMS hydrothermal system. Although drilling has not intersected massive sulphide mineralization to date, the Company believes the combination of feeder-style alteration, persistent copper enrichment, strong hydrothermal overprinting, favorable volcanic stratigraphy and the coincidence of magnetic, electromagnetic and gravity anomalies is indicative of a fertile VMS environment. The geological, structural, lithogeochemical and geophysical relationships observed in drilling are interpreted to be consistent with a hydrothermal upflow zone developed beneath a prospective volcanogenic massive sulphide depositional horizon, which remains a primary exploration target of the ongoing drill program. These interpretations are preliminary and are based on ongoing geological logging, portable XRF geochemistry and integration of geophysical datasets. The Company cautions that hydrothermal alteration, geophysical anomalies, copper enrichment and geological similarities to known VMS systems do not necessarily indicate the presence of economic mineralization, and no mineral resources have been delineated on the property. The scientific and technical information contained in this news release has been reviewed and approved by Andrew Lee Smith, P.Geo., ICD.D, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Smith is an independent consultant to King Global Ventures and is independent of the Company for the purposes of NI 43-101. In verifying the scientific and technical information contained in this release, the Qualified Person, conducted a comprehensive review of all available analytical data, geological logs, drill core photographs, and supporting documentation generated during the 2025 Silver Cord drill program. This verification work included confirmation of the sampling procedures used in the field, an assessment of chain-of-custody protocols, and evaluation of the security measures implemented to ensure sample integrity from the drill site to the laboratory. As part of his review, the Qualified Person examined King Global’s QA/QC program, including the insertion of certified reference standards, blanks, and duplicate samples into the analytical stream. He also verified that no material QA/QC issues were identified that would affect the reliability of the assay results. In addition, the Qualified Person reviewed original assay certificates issued by ALS Geochemistry, an independent laboratory accredited to ISO/IEC 17025:2017 standards and confirmed that the analytical methods applied—including multi-element ICP-MS, ICP-AES, and appropriate over-limit reanalysis—are suitable for the style of mineralization encountered at Silver Cord. The Qualified Person further confirmed that the geological interpretations presented in this release—including references to structural controls, alteration patterns (AI/CCPI), metal zonation, and evidence for multiple phases of hydrothermal mineralization—are consistent with the observed drill core, surface mapping, geochemical signatures, and assay data. These interpretations are presented as conceptual geological models based on current drilling and are supported by the data available at this stage of exploration.