HENDERSON, NEVADA — (Marketwire) — 04/09/12 — King Resources, Inc. (PINKSHEETS: KING) () management of KING is pleased to introduce one of the several merger candidates on its short list for a Graphite mining project.
The Property is located approximately 150 km north of Toronto adjacent to Highway 69/400 and 10 km north of Port Severn.
The Property lies in the Go Home Subdomain of the Central Gneiss Belt of the Grenville Province of the Canadian Shield and comprises high grade (amphibolite to granulite facies) gneisses. These are typically quartz-feldspar-hornblendeortho- and para-gneiss with rare marble, anorthosite and basite. The units in the area typically trend NNW and dip shallowly but variations are seen due to regional and local scale cross folding.
In other company news, KING management and mining experts are of the opinion that (sic) this is an awesomely good property. The infrastructure and access is great. Please visit the following website for background info on graphite and the kind of prices it can command if it is the right product. Management and its advisors are of the opinion and verily believe that the average grade of deposit being promoted by Northern Graphite is approximately 1% this one is closer to 3% with parts up to 5%.
Management is providing this unauthorized link as a source of research .
Other short list merger candidates include a Lithium mine in South America.
More details will follow shortly, on this and other planned acquisitions and mergers.
Safe Harbor Statement
Information in this news release may contain statements about future expectations, plans, prospects or performance of King Resources, Inc., that constitutes forward-looking statements for purposes of the Safe Harbor Provisions under the Private Securities Litigation Reform Act of 1995. The words or phrases “can be,” “expects,” “may affect,” “believed,” “estimate,” “project” and similar words and phrases are intended to identify such forward-looking statements. King Resources, Inc. cautions you that any forward-looking information provided by or on behalf of King Resources, Inc. is not a guarantee of future performance. None of the information in this press release constitutes or is intended as an offer to sell securities or investment advice of any kind. King Resources, Inc.–s actual results may differ materially from those anticipated in such forward-looking statements as a result of various important factors, some of which are beyond King Resources, Inc.–s control. In addition to those discussed in King Resources, Inc.–s press releases, public filings, and statements by King Resources, Inc.–s management, including, but not limited to, King Resources, Inc.–s estimate of the sufficiency of its existing capital resources, King Resources, Inc.–s ability to raise additional capital to fund future operations, King Resources, Inc.–s ability to repay its existing indebtedness, the uncertainties involved in estimating market opportunities, and in identifying contracts which match King Resources, Inc.–s capability to be awarded contracts. All such forward-looking statements are current only as of the date on which such statements were made. King Resources, Inc. does not undertake any obligation to publicly update any forward-looking statement to reflect events or circumstances after the date on which any such statement is made or to reflect the occurrence of unanticipated events.
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