YAVAPAI COUNTY, ARIZONA – King Global Ventures Inc. (CSE: KING) (OTCQB: KGLDF) (FSE: 5LM1) has announced a significant milestone in the technical evaluation of its Black Canyon Project. The company has released the findings from a systematic, near-surface sampling program conducted across the historic Golden Turkey tailings, revealing robust concentrations of gold, silver, lead, and zinc. This development represents a key step in King Global’s broader strategy to assess the economic potential of recycling legacy mining materials while addressing long-standing environmental concerns in the region.
Main Facts: High-Grade Discoveries in Historic Deposits
The 2026 sampling campaign involved the collection of 76 samples, meticulously gathered on an approximately 30-foot grid across the exposed surface of the tailings pile. The results confirm the polymetallic nature of the site, with arithmetic averages showing approximately 3.85 g/t gold (Au) and 76.2 g/t silver (Ag).
Beyond the precious metals, the tailings also demonstrated notable base metal content, with an average of 0.44% lead (Pb) and 0.42% zinc (Zn). The variability of the mineralization is significant; individual samples ranged from as low as 0.08 g/t Au to a high of 22.6 g/t Au. Perhaps most compelling for the company’s future planning is that 17 of the 76 samples returned grades exceeding 5 g/t Au, with six samples breaking the 10 g/t Au threshold.
One standout sample, J454978, returned an impressive 22.6 g/t Au, complemented by 254 g/t Ag, 1.14% Pb, and 1.12% Zn. Another sample, J454974, highlighted the site’s polymetallic character, yielding 14.6 g/t Au and 601 g/t Ag, alongside significant concentrations of lead, zinc, and 400 ppm antimony (Sb).
Chronology of the Exploration Strategy
The path to these results has been a methodical, two-stage process designed to ensure data reliability and consistency with industry best practices.
The April 2024 Baseline Program
The initial reconnaissance of the Golden Turkey tailings occurred in April 2024 under the supervision of Andrew Lee Smith, an independent Qualified Person (QP) and consulting geologist. This program, which consisted of 37 near-surface samples, served as the proof-of-concept for the site. While the results were not publicly disclosed at the time, they established a baseline of 3.0 g/t Au and 32 g/t Ag. This early data provided the necessary confidence for the management team to commit to the more extensive, systematic 30-foot grid program launched in 2026.
The 2026 Systematic Expansion
By applying the lessons learned from the 2024 program, the 2026 initiative moved toward a more rigorous, standardized collection method. Using hand picks and scoops, technicians systematically sampled the hardened, cemented surface horizon of the tailings. This data has now been synthesized with the 2024 findings to create a comprehensive, albeit preliminary, map of the lateral distribution of metals across the deposit.
Supporting Data and Methodology
King Global Ventures has been careful to emphasize the limitations of this data to ensure transparency with stakeholders and regulatory bodies. The current results characterize only the near-surface material and should not be interpreted as an average grade for the entire depth of the tailings pile.
Adherence to CIM Guidelines
The sampling program was designed to mirror the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Mineral Exploration Best Practice Guidelines. By utilizing a grid-based approach and consistent collection techniques, the company aimed to mitigate the risks associated with material heterogeneity—a common challenge in historical mine tailings.
The QP has noted that because the tailings have been exposed to the elements for decades, the surface has undergone significant oxidation and physical cementation. This geological process can potentially redistribute metals, meaning the surface material may differ in grade from the material located deeper within the pile. Consequently, the company has explicitly stated that these averages cannot be combined with the 1996 historical volume estimates to calculate total contained metal ounces.
The 1996 Historical Survey
To understand the scale of the potential resource, King Global relies on a 1996 survey conducted by Arizona Registered Land Surveyor Leslie D. Irwin. The survey, which utilized two-foot contours, estimated the physical quantity of the tailings and included a test well drilled to 50 feet. While this historical data provides a vital starting point for understanding the pile’s geometry, it remains a historical reference rather than a current Mineral Resource estimate.
Official Responses and Strategic Implications
Robert Dzisiak, CEO of King Global, expressed satisfaction with the results, framing them as a vindication of the company’s decision to focus on the Black Canyon property. "These findings validate our geological thesis regarding the Black Canyon project," Dzisiak noted. "We are moving into a phase of technical evaluation that balances resource potential with the environmental imperative of reclaiming historically disturbed lands."
The Path Toward Reprocessing
The company is positioning the Golden Turkey tailings not merely as a mining asset, but as an environmental opportunity. The proposed strategy involves:
- Vertical Characterization: Future work will focus on core drilling or deep auger sampling to understand the grade profile at depth.
- Metallurgical Testing: Determining how effectively these metals can be recovered from the processed tailings.
- Permitting: Active engagement with the United States Forest Service (USFS) to explore the regulatory pathway for moving, processing, and reclaiming the site.
The company explicitly cautions investors that there is no guarantee of economic viability. The project is currently in an early stage; no formal preliminary economic assessment (PEA) or feasibility study has been completed. The ultimate goal is to transport the tailings to a permitted, off-site facility, which would allow for the recovery of residual metals while simultaneously clearing the land of historical waste.
Environmental and Future Outlook
The Black Canyon Project, located 100 km north of Phoenix, is situated in a region with a storied mining history, including major operations like Bagdad and Jerome. King Global’s 4,000-acre land package encompasses 15 former mines, underscoring the district’s prospectivity for copper, gold, silver, and zinc.
Why This Matters
The shift toward "circular mining"—whereby historic tailings are reprocessed—is becoming increasingly attractive in the modern regulatory environment. By removing old tailings, companies can often resolve legacy environmental hazards, such as acid mine drainage or heavy metal leaching, while simultaneously producing minerals needed for the global economy.
However, King Global remains disciplined. The company has explicitly avoided premature estimations of contained metal value. Instead, they are prioritizing a staged, data-driven approach. By investing in rigorous, independent QP-supervised studies, King Global is building a defensible technical foundation.
Upcoming Milestones
Investors should look for updates regarding:
- Vertical Sampling Results: Data from deeper in the tailings profile, which will be critical for defining the scope of a potential resource.
- Metallurgical Benchmarking: Results from lab tests that will indicate the feasibility of metal extraction.
- Regulatory Milestones: Any formal agreements or progress reports stemming from ongoing discussions with the USFS and Arizona state regulators.
As the company proceeds, it continues to rely on the oversight of independent experts, ensuring that all data meets the standards of NI 43-101. While the path to commercialization remains complex, the combination of high-grade surface samples and a clear, environmentally-focused strategy makes the Golden Turkey tailings a project of significant interest within the North American exploration sector.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Readers are encouraged to review the full disclosure documents filed by King Global Ventures on SEDAR+ and consult with professional financial advisors before making any investment decisions.
