Consolidated Goldfields Corporation announced it has acquired a 100% interest in the King Solomon precious metal property with the execution of an Exploration and Mining Lease with Option to Purchase with Mountain Gold Claims Series 9 LLC and King Solomon Gold LLC. The King Solomon property is located 25 miles east of Tonopah, Nye County, Nevada, consisting of 2 contiguous claim blocks for a total of 66 claims (1,320 acres) in the newly identified Monitor-Eureka Mineral Belt. This zone is a 3 mile long “Sediment-hosted/Carlin-type” trend similar to the recent Long Canyon discovery in the Pequop Mountains.

Tertiary rhyolitic ash-flow tuffs and lower Paleozoic to Cambrian age carbonate rocks host gold-silver-antimony mineralization within the prospective zones.