Drill Highlights
Four drill holes (MPK22-01, 02, 03) were targeted based a surface channel sampling that returned gold assay values of up to 2 g/t Au from the Coaker Porphyry. DDH MPK22-01 returned consistent, anomalous gold grades through the entire 153-meter interval of the Coaker porphyry returning 153 meters of 0.19 g/t Au
The broad anomalous intersection MPK22-01 included intervals of 60 meters of 0.27 g/t Au and 19.5 meters of 0.46 g/t Au
MPK 22-02 and MPK22-03 also intersected anomalous gold values in the Coaker porphyry; 3 meters of 0.53 g/t Au and 11 meters of 0.27 g/t Au including an interval of 3 metres of 0.59 g/t Au
2022
In addition to the phase-one drill program, KING also completed a heli-borne triaxial gradio-magnetic and VLF-EM survey over the Golden Nugget property using
The result of the magnetic survey data and structural interpretation will be compiled into the company's GIS database including soil sampling results, regional and local mapping, and drill hole data to identify and prioritize prospective anomalous areas for exploration targeting.
The Miss Pickle Results
The Miss Pickle prospect is defined by channel sampling where surface showing reported gold assay results as high as 2.0 g/t Au.
The drilling at Miss Pickle (MPK22-01 -04) intersected broad intervals of strongly anomalous, to sub-economic gold mineralization within ankerite and sericite altered quartz-feldspar Coaker porphyry.
The gold mineralization intersected in the drilling is associated with pervasively altered Coaker porphyry with local centimeter intervals of quarts carbonate veinlets.
Unlike other mineralization described from the gold mineralization regionally, the elemental concentrations data showed corresponding elevated amounts of arsenic in the form of fine arsenopyrite 'needles' associated with gold mineralization but lacked the typical accessory elemental signature of arsenic plus antimony.
The result of the Miss Pickle drilling indicates the presence of a large gold mineralization system and associated strong, pervasively altered Coaker porphyry rocks and the contact with the Dunnage Melange.
Hygrade Results
Hy-Grade prospect was defined in 2003 when channel sampling results reported gold values as high as 14.0 g/t. The drilling of the Hygrade prospect was targeted to follow-up on channel sample results that confirmed the down-dip continuity of the mineralization.
The Hy-Grade target presented a complex target for drilling that required real-drill-time changes to the proposed drill plan. Initial drilling targeting the down-dip extension of the surface showing encounter narrow zones of mineralization that did not appear to be consistent with the Hygrade mineralization at surface, intercepting 1.8 metres of 0.97 g/t Au and 1.0 meters of 1.44 g/t Au, suggesting the dip of the Hygrade target was dipping to the north or the zone tapered out at depth. The drill was re-positioned to intersect the zone nearer to surface and holes HYG22-05 and 06 successfully intersected the Hygrade mineralization and a returned intercepts of 3.2 metres of 0.6 g/t Au and 3.5 metres of 0.59 g/t Au. A third drill set up was established further to the east, north of the easterly projection of the test the continuity of the Hygrade mineralization based on a projection of the northerly dipping structure. Drill holes HYG22-07, 08 and 09 failed to intersect projected targets.
The Hygrade prospect occupies a structurally complex setting that limits the continuity of grade and structure.
Big Oz Results
The Big Oz showing is located on the mainland of
Despite the drill site being permitted by Mineral Lands, advance reconnaissance of the found proposed drilled site to be located in close proximity to an occupied Osprey nest. By regulation, drilling cannot be completed with 800m of occupied Osprey nest. Compliance with this environmental restriction require the drill collar to ne reposition to the west of the showing, almost 400 meters west of the easternmost limit of the Big Oz surface showing. While a 'step-out' this serve made it impossible to test the know extent of the Big Oz target, the decision was made to target the eastward projection of the mineralization in an attempt to identify stratigraphy of structures that might be associated with the mapped quartz vein.
The two drill holes completed were unsuccessful intersecting the host geology of the Big Oz mineralization and remained within the Dark Hole formation for their entire lengths.
QA/QC Controls on core sampling
Core samples were logged and processed at the company's field logging and sampling facility in
The Company implemented quality assurance and quality control (QA/QC) protocols to ensure sampling and analysis of all exploration work is conducted in accordance with the National Instrument 43-101 and industry best practices including the insertion of certified standards and blanks into the sample stream every 25 samples as per the recommendation of . The company QA/QC, as well as the laboratory inserted standards, blanks, and duplicates were monitored closely upon receiving assay certificates from the laboratory. No material issues with respect to the QA/QC of assays have been detected to date.
The Golden Nugget Property consists of a 10 km long contiguous land package (1,850 ha.) of siliciclastic sediments within beds of conglomerates and mafic materials. High grade gold occurs in all rock groups with channel samples having returned values of 50.2 g/t gold over 1.1 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 this 10 km structural corridor.
The Miss Pickle Property (950 ha), is also north of the
The Gold Boulder Prospect consists of four contiguous claim blocks (100 ha) and is located near the small town of
The Chapel Island Property (1,300 ha) consists of 54 mining blocks located in north-east central
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