Vancouver, B.C. (July 2, 2021) Kingman Minerals Ltd. (“Kingman” or the “Company”) (TSX.V: KGS, FSE: 47A1, OTCQB: KGSSF) is pleased to announce that it has received permits for its upcoming Phase II drill program on the Mohave Project, and historical Rosebud Mine. The Company has proposed a 24-hole program including a number of significant holes down to depths of 3000 ft (914m). The twenty-four prospecting core holes are proposed to various directional depths within a southeast to northwest trend focused on historic exploration data effectively exploring two federal lode claims for metallic resources while minimizing overall surface disturbance. The proposed exploration project coupled with existing data from historic exploration would facilitate development of a 3D image of the geologic structure and stratigraphy underlying the project area and estimates of reserve quantity and quality.
The proposed plan includes the following:
Coring of the holes by track-mounted coring equipment would account for the majority of work to be completed in the project area and is anticipated to take up to three months to complete.
“This previously undrilled area has enormous potential. We expect that this program will lend crucial information about the extension of the 8 known veins and the size and extent of the resource. The Company, out of an abundance of caution with respect to the risk-reward ratio, is commencing with five carefully picked holes and will proceed as is warranted by the results” stated Peter Born, President and CEO.
Kingman Minerals Ltd. is currently engaged in the business of precious metal mineral exploration for the purpose of acquiring and advancing non grass roots mineral properties located in mining friendly jurisdictions of North America.
The Mohave Project (the “Project”) is located in the Music Mountains in Mohave County, Arizona and is comprised of 71 lode claims which are inclusive of the past producing Rosebud Mine (the “Rosebud”). High grade gold and silver veins were discovered in the area in the 1880’s and were mined mainly in the late 20’s and 30’s. Underground development on the Rosebud property included a 400-foot shaft and approximately 2,500 feet of drifts, raises and crosscuts.
For further information please contact:
Peter Born, President & CEO
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