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King Global options Mikwam property from Aurelius

2025-06-10 08:19 ET - News Release

See News Release (C-KING) King Global Ventures Inc (3)

Mr. Robert Dzisiak of King Global Ventures reports

KING GLOBAL ANNOUNCES ACQUISITION OF MINERALS CLAIMS AND GRANT OF STOCK OPTION

King Global Ventures Inc. has entered into an option agreement with Aurelius Minerals Inc. dated June 5, 2025. Aurelius is the legal, beneficial and registered holder of 100-per-cent-undivided right, title and interest in and to the Mikwam property, which comprises 69 cell claims, including 29 single-cell mining claims and 40 boundary-cell mining claims, on 968 hectares in Ontario, Canada.

Pursuant to the terms of the agreement, the company will:

  1. Make a cash payment of $125,000 to Aurelius;
  2. Perform a minimum work commitment of $1.25-million over a 24-month period from the execution of the agreement;
  3. Grant to Aurelius a net smelter return royalty, being equal to 5 per cent of the net smelter returns;
  4. In the event that the option is terminated due to failure by the company to perform the minimum work commitment, the company shall return the property to Aurelius.

Aurelius shall retain a 5-per-cent NSR. The corporation may, at any time after the date hereof, purchase one-fourth (being 1.25 per cent) of the NSR royalty from Aurelius for cash or cash equivalent share payment in the amount of $5-million.

In addition, the company has issued 100,000 options to a consultant at an exercise price of 71 cents for a two-year term. Half of the options will vest after six months, and the remaining 50 per cent will vest after one year.

The Mikwam gold property

The Mikwam gold property is located in Noseworthy township, within the Abitibi greenstone belt of the Superior province, Northeastern Ontario. It lies along the Casa Berardi deformation zone that hosts Detour Gold's Burntbush property. The Mikwam deposit is hosted within Timiskaming-aged polymictic conglomerate and greywacke units and contains disseminated and vein-hosted gold mineralization associated with quartz-carbonate veins and pyrite mineralization.

In 2016, a National Instrument 43-101 technical report prepared for Galena International Resources Ltd. by Caracle Creek International Consulting Inc., dated Dec. 8, 2016, disclosed a historical inferred mineral resource of 1.81 million tonnes grading 2.34 grams per tonne gold, containing 136,000 ounces of gold at a cut-off grade of one g/t Au. This estimate (announced in a Dec. 12, 2016, press release) is historical in nature, was not prepared for King Global Ventures and should not be considered current. A qualified person has not done sufficient work to classify the historical estimate as current mineral resources, and the issuer is not treating the historical estimate as current mineral resources.

Qualified person disclaimer

The scientific and technical information contained in this news release has been reviewed and approved by Andrew Lee Smith, BSc, PGeo, ICDD, a qualified person as defined by NI 43-101. Mr. Smith is a registered professional geoscientist in good standing and is independent of the vendor. He has reviewed publicly available technical reports, maps and geological data relevant to the Mikwam property.

About King Global Ventures Inc.

King Global Ventures is focused on the exploration of precious and base metals in North America. The Black Canyon project in Yavapai county, Arizona, comprises 213 contiguous concessions covering a total area of 3,742 acres, including 12 formerly operating mines, including the past-producing Howard copper mine, and is situated 100 kilometres (64 miles) north of Phoenix, Ariz. The Black Canyon project represents an early-stage exploration opportunity targeting copper-gold-silver-zinc volcanogenic massive sulphide (VMS) mineralization. The geology of Yavapai county, Arizona, is notable due to the presence of a variety of base metal and precious metal deposit types. The region has a significant history of exploration, discovery and mining operations, including base metals from mining operations like Bagdad, Jerome and Cleopatra. The property is on trend with, and approximately eight km (12 miles) northwest of, Arizona Metals and 100 km (60 miles) south of the historical Jerome copper mine.

The Howard copper mine property is located on 78 acres of patented land approximately 100 kilometres (64 miles) north of Phoenix, Ariz. Discovered in the early 1920s, small-scale production and development focused on high-grade copper. Historical reports state that the main shaft was sunk to the 900-foot level, but that no ore was mined below the 500-foot level.

The York property comprises 77 claims exceeding 40 square kilometres. The property is on trend between Azimut's Elmer property and the Eleonor gold mine. The Eleonor mine is hosted by rocks similar to the clastic sediments known to host the Ukaw gold showings.

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