Drill Results
King Announces Mobilization for Maiden Drill Program at its Iron Horse Property
Maiden Drill Mobilization Confirms Capital Deployment
Executive Summary
- King Global Ventures has mobilized for its maiden diamond drilling program at the Iron Horse property in Yavapai County, Arizona.
- The program consists of seven holes totaling approximately 14,230 feet (4,300 metres).
- Targets are high-priority geophysical anomalies identified through magnetic, electromagnetic (EM), and gravity surveys.
- Mineralization target is Volcanogenic Massive Sulphide (VMS) systems, specifically copper-zinc and precious metals.
- This is a maiden program; none of the targets have been previously drill tested.
- Contractor is Drilcor (Coeur d’Alene, Idaho).
- CEO Robert Dzisiak states this phase is expected to validate their geological model after significant ground truthing time and money spent.
Material Impact
- The news confirms the deployment of capital raised in the March 2026 financing ($4M total) into new exploration targets (Iron Horse), which was a stated use of proceeds.
- While positive, this is an operational update rather than a discovery announcement; no assay results are provided yet to validate mineralization.
- The market likely anticipated drilling activity following the March financing and previous high-grade Silver Cord results.
- Insider buying (Hudye and Polish) increased stakes significantly in early 2026, signaling confidence but also creating potential dilution pressure from warrants ($0.90 strike).
- Current stock price ($0.66) is above the financing price ($0.60), indicating some market support for the capital raise, though well below previous highs ($0.93).
- The news does not materially alter the valuation model immediately but validates management's execution of their exploration strategy.
KING · Price
Company Overview
- King Global Ventures Inc. is an exploration company focused on precious and base metals in North America.
- Flagship Projects:
- Silver Cord Project (Arizona): High-grade polymetallic vein system (Ag-Pb-Zn-Sb-Au). Recent drilling intersected 9ft @ 619.6 g/t Ag, 2.2 g/t Au. Phase 2 drilling is underway.
- Black Canyon Property (Arizona): Includes the historic Howard Copper Mine and Iron Horse property. Targeting VMS-type mineralization (Cu-Au-Zn-Sb).
- Development Stage: Exploration/Drilling. No production revenue reported in provided data.
- Qualified Person: Andrew Lee Smith, P.Geo., ICD.D, has reviewed technical information under NI 43-101 standards.
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Jun 18, 2026 · 08:31