TORONTO, ON – June 21, 2022 – Kingsview Minerals Ltd. (CSE: KVM) (FSE: 0L4) (the “Company” or “Kingsview”) is pleased to announce plans for Phase 1 exploration at the Wawa Gold Properties in the active Wawa Gold Corridor in Ontario.
Phase 1 exploration is expected to commence in the summer of 2022 as part of a multi-phase strategy across the 11,854-hectare property portfolio, with initial emphasis on the 7,691-hectare Echum Project located within close proximity to active gold production (see Figure 1).
Phase 1 Highlights:
- Field prospecting, mapping, and sampling of target areas – focused on known areas of gold mineralization and priority structure corridors. Detailed mapping program will locate outcrops with drones and field traversing.
- High-resolution magnetic survey – airborne geophysical data to map structures and contacts as well as map favourable cross-cutting structures at Echum’s iron formation.
- Focused target work to refine drill targets – Induced Polarization (IP) surveys at sulphide bearing gold targets followed by trenching and detailed surface sampling along shear zones and structure junctions with iron formation.
Figure 1: Kingsview Minerals Wawa Gold Properties Location Map
“We are very excited to launch our initial exploration program on the Wawa Properties. The district has revealed exceptional gold exploration success, and our large land holding puts us in a very favourable and strategic position. Phase 1 exploration will refine our existing drill targets, aim to identify new ones, and prepare us for our inaugural drill program on the property. We know a lot about the area and aim to strategically uncover high-value drill targets for Phase 2 throughout this summer program,” stated President and CEO James Macintosh.
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 exploration properties, including the flagship Echum Project, 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.
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On Behalf of the Board of Directors,
President and CEO
Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release.
This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and assumptions and accordingly, actual results and future events could differ materially from those expressed or implied in such statements. You are hence cautioned not to place undue reliance on forward-looking statements. Forward-looking statements include words or expressions such as “proposed”, “will”, “subject to”, “near future”, “in the event”, “would”, “expect”, “prepared to” and other similar words or expressions. All statements other than statements of present or historical fact are forward-looking statements and include but are not limited to statements regarding the potential that the Acquired Property will yield any precious metals in future exploration programs and the Company’s ability to advance its properties.
Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief is based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions include the Company’s ability to implement a drill program on the Acquired Property, that the Company will have sufficient funds available to it and that the Company will continue to be able to retain skilled personnel.
Factors that could cause future results or events to differ materially from current expectations expressed or implied by the forward-looking statements include general business, economic, competitive, political and social uncertainties; the state of capital markets; there being no assurance that any future exploration program on the Acquired Property will result in expanded mineral resources; the inability of the Company to raise sufficient funds and/or retain necessary personnel to conduct its operations; the impact on the business, operations and financial condition of the Company resulting from the announcement of the purchase of the Acquired Property; the impact that the recovery post COVID-19 may have on precious metals; failure to realize the anticipated benefits of the transaction described in this press release; other unforeseen events, developments, or factors causing any of the aforesaid expectations, assumptions, and other factors ultimately being inaccurate or irrelevant; and any risks associated with the ongoing COVID-19 pandemic.
You can find further information with respect to these and other risks in filings made with the Canadian securities regulatory authorities that are available on the Company’s SEDAR profile page at www.sedar.com. The Company disclaims any obligation to update or revise these forward-looking statements, except as required by applicable law.