Tillkännagivande • Jun 24
Kingsview Minerals Reports Discovery of New Native Copper Occurrence At Vernon Property
Kingsview Minerals Ltd. reported preliminary results from its 2026 prospecting and geological mapping program at the Vernon Property, located in southern New Brunswick. The program resulted in the discovery of a previously undocumented native copper occurrence and identified multiple zones of hydrothermal quartz veining and alteration, further supporting the Company's district-scale Appalachian hydrothermal copper-gold exploration model for the property. The results of Kingsview's 19-day field program underscore the importance of systematic boots-on-the-ground exploration. Although the Vernon Property has a history of exploration, the discovery of a new native copper occurrence demonstrates that significant mineralization remains to be identified. The Company views this discovery as both a validation of historical exploration efforts and an indication that additional copper-bearing structures may exist within the broader property package. The copper occurrence was identified outside of the property's historically known mineralized areas and demonstrates the effectiveness of systematic grassroots exploration in uncovering new targets. The discovery also highlights the potential for multiple styles of mineralization across the Vernon Property, which has seen limited modern exploration despite favourable geological and structural characteristics. In addition to the native copper discovery, field crews identified multiple zones of hydrothermal quartz veining and alteration interpreted to represent significant fluid pathways within the broader mineralizing system. These observations, together with numerous historical copper occurrences distributed throughout the property, support the interpretation of a larger district-scale hydrothermal system. Follow-up work will include detailed geological mapping, additional rock sampling, and prospecting along strike to determine the continuity and extent of the mineralized structures and assess their relationship to regional geological controls. The newly identified native copper occurrence discovered during the 2026 prospecting program at the Vernon Property occurs within a structurally controlled vein hosted by metamorphosed sedimentary rocks and consists of native copper, chalcocite, and malachite. Field observations and portable XRF analyses confirm significant copper enrichment within the mineralized zone. Kingsview Minerals believes the Vernon Property represents a district-scale Appalachian hydrothermal copper-gold system developed within the structurally complex volcanic and sedimentary rocks of the Broad River Group in the Caledonia Highlands of southern New Brunswick. Historical exploration by multiple operators identified numerous copper-bearing occurrences distributed across the property, including the Vernon Mine, Peacock Vein, Rose Brook, Goose River, Martin Head, Jim Brook, and several additional copper, zinc, silver, and gold occurrences. The widespread distribution of mineralization suggests the property hosts a large hydrothermal system rather than a single isolated mineral occurrence. Mineralization is interpreted to be controlled by regional fault and shear corridors that acted as pathways for metal-bearing hydrothermal fluids. These structures are associated with strong silicification, quartz-carbonate veining, sericite alteration, brecciation, and sulphide mineralization. Historical work and modern compilation indicate that copper mineralization is concentrated within structurally prepared zones developed along these major deformation corridors. Recent prospecting completed by Kingsview has further validated this interpretation through the discovery of previously undocumented native copper mineralization associated with chalcocite and malachite within structurally controlled veins. The discovery demonstrates that significant copper mineralization remains exposed at surface and highlights the effectiveness of modern boots-on-the-ground exploration in a district that has seen limited systematic work over the past several decades. The Company's exploration strategy is focused on identifying the principal hydrothermal fluid corridors responsible for mineralization, tracing known mineralized structures along strike, and evaluating untested geochemical and geophysical anomalies generated by previous operators. Kingsview believes that many of the known occurrences may represent surface expressions of a larger district-scale mineralizing system that remains largely unexplored by modern exploration methods. The combination of favorable Appalachian geology, extensive structural preparation, widespread hydrothermal alteration, numerous historical copper occurrences, and limited modern exploration provides compelling potential for the discovery of additional copper-gold mineralization across the Vernon Property. Outcrop exposure of a hydrothermal quartz vein system developed within a structurally controlled deformation corridor occurs as a broad vein swarm displaying evidence of multiple fluid pulses and strong silica flooding, indicative of a significant hydrothermal fluid pathway. Such fluid corridors are commonly associated with hydrothermal mineral systems and represent priority targets for follow-up mapping, geochemistry, and drilling. Kingsview plans to build upon the results of the 2026 prospecting and geological mapping program through a systematic follow-up program designed to evaluate the scale and continuity of the hydrothermal system identified across the Vernon Property. Priority activities will include detailed geological mapping of newly identified copper-bearing occurrences and quartz-fluid corridors, systematic rock sampling and channel sampling of mineralized outcrops and historical showings, structural analysis to define the principal fault and shear corridors controlling mineralization, follow-up prospecting along favorable geological contacts and interpreted structural trends, compilation and integration of historical geochemical, geophysical, and drilling data into a unified exploration model, and evaluation of historical copper-in-soil and IP anomalies, including the Peacock Vein and Rose Brook areas, to identify high-priority drill targets. The Company believes the recent discovery of native copper mineralization, combined with widespread hydrothermal alteration, quartz veining, and numerous historical copper occurrences, supports the interpretation that Vernon hosts a larger district-scale hydrothermal system.