Kingsview Minerals is Exploring Golden Opportunities in the Wawa Gold Camp
Equity Research firm, eResearch Corp., recently published a 32-page Initiation Report on Kingsview Minerals Ltd. (CSE:KVM | FSE:0L4) that is available to download for free at www.eresearch.com.
Kingsview is a Vancouver-based mineral exploration and development company, which was listed earlier this year, and explores for gold and copper near Wawa, Ontario, Canada. The company’s flagship project is the 100%-owned Echum Project covering an area of 7,691 hectares and an NI 43-101 technical report on the project was released in February 2022. It also holds a 100%-interest in the Hubcap Project, which contains the former Centennial and Lendrum properties, consisting of 4,163 hectares, also located near Wawa.
Kingsview’s large land package is located in the Michipicoten Greenstone Belt, part of the Wawa Gold Belt, and the westernmost part of the mineral-rich Abitibi greenstone belt that has produced millions of ounces of gold. Greenstone belts are important because they are synonymous with high-grade gold production and can also contain ore deposits of silver, copper, lead, and zinc.
James Macintosh, Kingsview’s President and CEO, commented, "Wawa is one of the fastest growing gold districts in Canada, and Kingsview is now one of the largest landowners in the area. Major gold occurrences in this district are typically found in greenstones, and we have several greenstone-dominant properties with significant potential, awaiting further exploration."
Echum is the flagship project and historic grab samples returned high-grade assays including 7.49 oz/ton (256.80 g/t) gold with 12.91 oz/ton (442.63 g/t) silver. The NI 43-101 Technical Report on the Echum Project identified four mineralized zones on the property that included gold, copper, lead, and zinc showings.
The Hubcap Project contains a past-producing mine with historic underground samples reportedly returning up to 80 g/t gold, and other historic grab sample values of up to 11.2 oz/ton (383 g/t) gold and 6.4 oz/ton (219 g/t) silver.
Last week, Kingsview further expanded its land holdings in the area when it announced an agreement with RT Minerals (TSXV:RTM) to acquire their Norwalk Project located between Kingsview's Hubcap Project and Red Pine Exploration's (TSXV:RPX) Wawa Gold Project.
“We are very excited to be adding Norwalk Project to our project portfolio. Kingsview has done extensive due diligence on the project and has come to the conclusion that it contains multiple showings warranting further geological investigation, especially given its proximity and geological similarity to the neighbouring Red Pine gold project,” stated James Macintosh.
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The Wawa area boasts an excellent infrastructure from a 100-year history of mining, with roads, rail, and power close to Kingsview’s sites. Recently, the area has experienced a significant resurgence in mining activity and investment with the expansion of Alamos Gold’s (TSX:AGI) Island Gold Mine and the construction of Argonaut Gold’s (TSX:AR) Magino project.
Kingsview is taking a systematic and methodical approach to evaluating, targeting, and drilling its underexplored land packages. Results are expected soon from a summer exploration program.
Chris Thompson, Director of Equity Research of eResearch wrote, “Kingsview’s experienced leadership team shows a solid track record of operational and financial performance. The technical team has a thorough knowledge of Ontario geology, with experience from early-stage exploration to mine development, and has been part of teams that discovered economic mineral deposits, including two of the three Hemlo Gold Camp mines.”
Kingsview is currently trading around C$0.21 with a market cap of only C$7 million, but due to the quality of assets and resource growth opportunities on the mining properties, the company has the potential for value creation.
For more information about eResearch's 32-page Initiation Report on Kingsview, please visit eResearch's website (www.eresearch.com).
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