Highlights include gold grades of 62.6 g/t, 30.7 g/t, and 25.0 g/t
TORONTO, ON – July 18, 2023 – Kingsview Minerals Ltd. (CSE: KVM) (FSE: 0L4) (the “Company” or “Kingsview”) is pleased to announce results from a field sampling program at the Hubcap Project in the active Wawa Gold Corridor of northern Ontario.
The exploration carried out in the spring of 2023 is part of a multi-phase program across the 15,295-hectare property portfolio expected to take place over the summer of 2023. Current sampling results reported are focused on the Hubcap Project located immediately south of Red Pine Exploration’s Wawa Gold Project where Red Pine recently reported a drill intersection of 1.32 grams of gold per tonne (g/t Au) over 100.99 metres (m).
Surface sampling highlights from the Hubcap Main block included: sample E5707121 from HBFS-23-004, which graded 62.60 g/t Au and 6.10 g/t of silver (Ag); sample E5707117 from HBFS-23-002, which graded 30.70 g/t Au and 5.40 g/t Ag with 1400 ppm of copper (Cu); and sample E5707119 from HBFS-23-003, which graded 25.00 g/t Au and 4.40 g/t Ag. Significant sample results are highlighted below in Table 1, and locations are shown on Figure 1 below.
James Macintosh, President and CEO, commented: “These results from our spring field sampling continue to provide strong evidence that the greenstones and intrusive rocks found at Hubcap resemble the regional geologic setting that has brought Red Pine Exploration so much success. The fact that 40% of the samples collected from outcrops returned gold assays in excess of 2 grams per tonne is very encouraging. We hope to replicate the success of our northern neighbour, given that the encouragingly strong gold values at Hubcap are associated with strong alteration, sulphide mineralization and structural deformation. The results provide excellent targets for our future exploration, including drill testing of the best targets we define.”
Next Steps at Hubcap Project
The Company has an extensive exploration plan to follow up on high-priority targets at the 2,200-hectare Hubcap Project.
- Surface Exploration at Hubcap – Field and channel sampling to better understand over 30 additional exploration targets identified at Hubcap.
- IP Survey – Carry out an IP survey over previously cut grid lines at East Hubcap to help vector exploration and drilling efforts.
- Re-Logging and Sampling Historic Core – Examine and review all historic core available and sample any overlooked intervals potentially mineralized to help build a better understanding of the historic work.
- Drill Program – Initiate drilling at Hubcap utilizing the results of the surface, exploration, IP survey and re-analysis of the historic work.
Bruce Durham, P.Geo., is a Qualified Person, as that term is defined by Canadian regulatory guidelines under NI 43-101, and has read and approved the technical information contained in this press release.
About Kingsview Minerals Ltd.
Kingsview is a mineral exploration company focused on its gold and base metal exploration properties, including the flagship 13,056-hectare Echum Project and the 2,239-hectare Hubcap Project, both located in the active Wawa Gold Corridor in Ontario, Canada. The Company’s properties are surrounded by advanced infrastructure in a well-developed mining district. Kingsview will draw on its strong technical team with significant exploration success to advance its properties. Learn more: http://www.kingsviewminerals.ca/.
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On Behalf of the Board of Directors,
President and CEO
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