- King Global Ventures (KING) has received all required permits to start drilling at its Golden Nugget and Miss Pickle Properties
- Both projects are located in Newfoundland
- Phase 1 drilling will test 11 prospective targets on the Golden Nugget and Miss Pickle Properties
- The permits for the proposed Phase 1 drill program include 24 drill holes from eight drill sites for a total of 3,022 metres
- King Global Ventures is up 12.5 percent, trading at $0.045 at 9:35 am ET
King Global Ventures (KING) has received all required permits to start drilling at its Golden Nugget and Miss Pickle Properties.
Both projects are located in Newfoundland.
Work will mark the maiden drilling program for both of the properties.
Phase 1 drilling will test 11 prospective targets on the Golden Nugget and Miss Pickle Properties, located along the New World Island and Coaker Trends in Newfoundland.
Sampling of eight new gold discoveries along an eight-kilometre section of the New World Trend has already returned significant gold results.
“We are very pleased to have secured the drill permits for our “Maiden” drill program at our Golden Nugget and Miss Pickle properties. We are looking forward to building on previous exploration activities on the properties and the potential for our drilling to expand mineralization at depth,” said Chief Executive Officer Robert Dzisiak.
The drill programs are fully funded.
The permits for the proposed Phase 1 drill program anticipate 24 drill holes from eight drill sites for a total of 3,022 metres of drilling.
The Toronto-based company holds 100-percent interest in four highly prospective and previously explored gold exploration projects in the Gander Gold Belt Region of Newfoundland.
King Global Ventures is up 12.5 percent, trading at $0.045 at 9:35 am ET.