BLACK CANYON PROJECT

LOCATION

Cleator, Arizona
United States

SIZE

3,780 Acres • 213 Claims
12 Former Mines

RESOURCES

Gold, Sliver 
& Copper

Project Overview

Strategically located in the historically active Volcanogenic Massive Sulfide “VMS” and Gold exploration and production jurisdiction, of Yavapai County Arizona.

The Black Canyon Project is located near Cleator, Arizona in the Black Canyon mining district Yavapai county, part of the Prescott National Forest. The Silver Cord Project consists of 213 contiguous mining claims covering 3,780 acres. The properties are easily accessible with 4-wheel drive via Interstate I-17 just 90 miles north of Phoenix. There are 12 former operating mines on the Silver Cord land package. There are also 60 vein-hosted base and precious metal mines within a 150 km radius.

The Black Canyon Project represents an early-stage exploration opportunity targeting VMS and intrusive related base and precious metal mineralization. The original Silver Cord mine was discovered in 1877 and operated as a gold-silver, copper, lead-zinc mine from 1928-1930. In the early 20th century, the focus shifted to copper exploration when several copper deposits were discovered, including the United Verde Copper mine in Jerome (produced 30 Mt at 5% copper from an open pit and 4 Mt at 10% copper underground). The Kay mine operated by Arizona Metals is approximately 16 kms south of the project area, and its VMS deposit is on trend with regional features, heightens the potential of a similar deposit at the Silver Cord project area.

In 2022-23, Silver Cord LLC commissioned Rangefront Mining Services to complete a series of sampling programs, geophysical surveys and exploration field work. The objective of these programs was to investigate the property for potential VMS mineralization similar to that currently being developed at the Kay mine. Rangefront collected 228 surface soil samples, 14 samples from underground workings, conducted 8 geological traverses, flew 126 line km of UAV magnetometer survey and completed 5.75 kms of Controlled-Source Audio-Magneto Telluric (CSAMT) survey.

King conducted a 3D-IP survey in 2024 that indicated the presence of coincident resistivity and chargeability anomalies The geophysical data indicate the potential for the Silver Cord property to host both VMS and Intrusive-related base and precious metal mineralization.

Project Details

Project TERMS:

King Global can earn 65% interest in the Silver Cord Property through a joint venture with Silver Cord LLC. Pursuant to the terms of the option agreement (for 65% interest) King must incur an aggregate of US$4,000,000 in expenditures of the property as follows:

• US$500,000 within 12 months following the effective date of the Definitive Agreement. 
• An additional US$1,500,000 within 18 months of the effective date (to earn 30%) 
• An additional US$2,000,000 within 30 months of the effective date (to earn 65%) 
• The Hudye Family Trust will retain a 2% NSR and a final cash payment of US$500,000 on confirmation of the 65% earn in.

SIGNIFICANT LOCAL INFRASTURE:

The Silver Cord Property has significant infrastructure in place, including:

• A major paved highway (I-17) that runs parallel to the property. 
• Located only 100 km north of Phoenix Arizona. 
• The property is accessible by a 4 wheel drive. 
• A power line runs through the property. 
• A small creek runs parallel to the property. 
• The town of Black Canyon City (3,000 inhabitants) is 20 Km away from the property. 
• The Project site is located in the Prescott National Forest and extends into the adjacent Bureau of Land Management jurisdiction.

LOCAL SILVER CORD GEOLOGY:

Yavapai County has a diverse geological history and VMS deposits are often found in areas of extensive volcanic activity.

• The collision of the tectonic plates resulted in the creation of volcanic arcs and hydrothermal systems, providing an environment for VMS formation. 
• VMS deposits in Yavapai County are a result of hydrothermal activity associated with volcanic systems. 
• Hydrothermal fluids interacted with the surrounding rocks , leading to the deposit of sulfide minerals. 
• VMS deposits in Yavapai county are associated with ancient in shallow marine environments. 
• The occurrence of VMS deposits is often controlled by structural features such as faults and fractures.

Howard Copper Mine

The Howard Copper Mine has a history of exploration and production, beginning in the late 19th century. The Howard Mine covers 80 acres of patented land in Yavapai County, Arizona. Historical production records (1920’s to 1940’s) indicate that approximately 100,000 tonnes of copper ore with an average grade of between (3%-5%).

King has undertaken a comprehensive technical and engineering survey to establish a baseline undertaking of mine geology and the underground workings. The initial exploration program will evaluate the potential for additional VMS mineralization along strike and at depth.