King Global Drilling confirms VMS-style hydrothermal feeder at Iron Horse

  Vancouver, British Columbia – TheNewswire - June 16, 2026 – King Global Ventures Inc. (CSE:KING) (OTCQB: KGLDF) (FSE: 5LM1) (the “Company” or “King Global”) announces that initial drilling (IH-26-01 and IH-26-02) on its maiden, 14,000 foot diamond drilling program on its Iron Horse VMS project confirms a VMS-style hydrothermal feeder system.  Both geology and geophysics align on the initial priority targets.     Based on geological, structural and lithogeochemical observations, the Company interprets the alteration corridor as a hydrothermal feeder conduit developed within the volcanic succession rather than a stratiform sulphide horizon. Correlation between drill holes IH-26-01 and IH-26-02 demonstrates continuity of the hydrothermal system and suggests local thickening and increased structural complexity within the corridor in hole IH-26-02.   Importantly, the interpreted feeder corridor occurs within a zone characterized by coincident magnetic, electromagnetic and gravity anomalies. The magnetic response is interpreted to reflect the presence of iron formation horizons within the Spud Mountain Formation, while the electromagnetic response is consistent with conductive sulphide-bearing and altered stratigraphy.

The gravity anomaly is interpreted to reflect increased density associated with iron-rich exhalative units, sulphide-bearing horizons and hydrothermal alteration within the volcanic succession.   The spatial coincidence of the hydrothermal alteration corridor with these independent geophysical responses is considered significant by the Company's technical team. Drilling has confirmed that the targeted geophysical anomalies occur within favorable Spud Mountain Formation stratigraphy and are associated with hydrothermal alteration, sulphide development, structural preparation and lithogeochemical signatures consistent with a VMS hydrothermal system.  Although drilling has not intersected massive sulphide mineralization to date, the Company believes the combination of feeder-style alteration, persistent copper enrichment, strong hydrothermal overprinting, favorable volcanic stratigraphy and the coincidence of magnetic, electromagnetic and gravity anomalies is indicative of a fertile VMS environment.    The geological, structural, lithogeochemical and geophysical relationships observed in drilling are interpreted to be consistent with a hydrothermal upflow zone developed beneath a prospective volcanogenic massive sulphide depositional horizon, which remains a primary exploration target of the ongoing drill program. These interpretations are preliminary and are based on ongoing geological logging, portable XRF geochemistry and integration of geophysical datasets.

The Company cautions that hydrothermal alteration, geophysical anomalies, copper enrichment and geological similarities to known VMS systems do not necessarily indicate the presence of economic mineralization, and no mineral resources have been delineated on the property.   Robert Dzisiak, CEO of King Global Ventures stated “King is very pleased with the preliminary data from the Iron Horse drill program and the interpretation that it hosts a VMS style mineralized system.  The system is quite large and we look forward to getting the assay results from the drill program as they become available.”   QUALIFIED PERSON STATEMENT (NI 43-101) The scientific and technical information contained in this news release has been reviewed and approved by Andrew Lee Smith, P.Geo., ICD.D, who is a “Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Smith is an independent consultant to King Global Ventures and is independent of the Company for the purposes of NI 43-101. In verifying the scientific and technical information contained in this release, the Qualified Person, conducted a comprehensive review of all available analytical data, geological logs, drill core photographs, and supporting documentation generated during the 2025 Silver Cord drill program.

This verification work included confirmation of the sampling procedures used in the field, an assessment of chain-of-custody protocols, and evaluation of the security measures implemented to ensure sample integrity from the drill site to the laboratory. As part of his review, the Qualified Person examined King Global’s QA/QC program, including the insertion of certified reference standards, blanks, and duplicate samples into the analytical stream. He also verified that no material QA/QC issues were identified that would affect the reliability of the assay results.

In addition, the Qualified Person reviewed original assay certificates issued by ALS Geochemistry , an independent laboratory accredited to ISO/IEC 17025:2017 standards and confirmed that the analytical methods applied—including multi-element ICP-MS, ICP-AES, and appropriate over-limit reanalysis—are suitable for the style of mineralization encountered at Silver Cord. The Qualified Person further confirmed that the geological interpretations presented in this release—including references to structural controls, alteration patterns (AI/CCPI), metal zonation, and evidence for multiple phases of hydrothermal mineralization—are consistent with the observed drill core, surface mapping, geochemical signatures, and assay data. These interpretations are presented as conceptual geological models based on current drilling and are supported by the data available at this stage of exploration   About King Global Ventures:   Black Canyon Property in Arizona King Global Ventures is focused on the exploration of precious and base metals in North America.  The Black Canyon Project in Yavapai County Arizona is comprised of 213 contiguous concessions covering a total area of 4,000 acres encompassing 15 former operating mines including the past producing Howard Copper Mine.  The Black Canyon Project is situated 100 km (62 miles) north of Phoenix Arizona and represents an early-stage exploration opportunity targeting copper-gold-silver-zinc, Volcanogenic Massive Sulphide (“VMS”) mineralization.  The geology of Yavapai County, Arizona is notable due to the presence of a variety of base and precious metal deposit types.  The region has a significant history of exploration, discovery and mining operations, including base metals from mining operations like Bagdad, Jerome and Cleopatra.  The property is on trend and is approximately 13 km (8 miles) N.W. of Arizona Metals Corp. (T:AMC).   The Howard Copper Mine Property is located on 78 acres of patented land.  Discovered in the early 1920’s, small scale production and development focused on high-grade copper.  Historical reports state that the main shaft was sunk to the 900-foot level, but that no ore was mined below the 500-foot level.     The Mikwam Property The Mikwam Gold Property is located in Noseworthy Township within the Abitibi Greenstone Belt of the Superior Province, northeastern Ontario.

It lies along the Casa Berardi Deformation Zone that hosts Detour Gold’s Burntbush Property. The Mikwam deposit is hosted within Timiskaming-aged polymictic conglomerate and greywacke units and contains disseminated and vein-hosted gold mineralization associated with quartz-carbonate veins and pyrite mineralization. Additional information about King Global Ventures can be viewed at the Company's website at www.kingglobal.gold or at www.sedarplus.ca.    On behalf of King Global Ventures        Robert Dzisiak Chief Executive Officer 204-955-4803 ir@kingcse.com    Neither the CSE Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange) accepts responsibility for the adequacy or accuracy of this release.   Cautionary Statement Regarding Forward-Looking Information   Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties.

These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including but not limited to, the uncertainty of the financing, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals. Readers are cautioned that the assumptions used in preparing such information, although considered reasonable at the time of preparation, may prove imprecise and undue reliance should not be placed on forward-looking statements. Forward-looking statements in this press release are expressly qualified by this cautionary statement.   The forward-looking statements in this press release are made as of the date of this press release, and the Company undertakes no obligations to update publicly or to revise any of the included forward-looking statements, whether because of new information, future events or otherwise, except as expressly required by applicable securities law.   Copyright (c) 2026 TheNewswire - All rights reserved.

TheNewsWire June 16, 2026 - 5:05 AM PDT News by QuoteMedia www.quotemedia.com