King Global Ventures Inc
Moving to production in an old mining camp with significant exploration potential
King Global Ventures Inc. (KING), a TSX-Venture listed corporation (KING.V), is a junior mining and prospecting company focused on installing a processing facility for gold and copper recovery at the historic Santa Rosita (copper-gold-silver) Mine which is situated close to the town of Rosita in northeast Nicaragua. Historic production from this mine is estimated at 245,000,000 pounds copper, 160,000 ounces gold and 2,610,000 ounces silver from 5,400,000 tonnes.
A current indicated resource of 6.46 million tonnes grading 0.50% copper, 0.47 g/t gold and 7.30 g/t silver exists in four stockpiles around the old pit. There are also 3.44 million tonnes of inferred resource grading 0.61% copper, 0.46 g/t gold and 8.7 g/t silver within the four stockpiles and two others.
There are also significant tonnages of tailings on the property and an inferred resource has been defined of 1.96 million tonnes at 0.21% copper, 0.56 g/t gold and 9.7 g/t silver.
These resources have been filed as a NI 43-101 Report on March 21, 2016 as per the following link:
The Company aims to generate near-term cash flow from the processing of these historic stockpiles and tailings at the mine, as well as from additional sources of ore in the area. Metallurgical test work is ongoing and preliminary engineering work has commenced.
King Global Ventures Inc. is managed by an experienced team of mining professionals with extensive operating and financial experience.
Our primary focus is to identify, acquire, advance and develop North American precious metal exploration projects with solid infrastructure.
Warrants -40,000,000 at $0.05 until May 19, 2022