Phase II Permits Approved: Kingman Proceeds With Drilling

July 2, 2021

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:

  1. New access road construction for multiple pass ingress and egress across 1,225 feet of federal surface (12-foot width) totaling 0.34 acres of estimated disturbance;
  2. New exploration core hole site construction of twelve 15-foot by 12-foot pads totaling 0.05 acres of estimated disturbance;
  3. Construction of one drilling sump (five-foot square by four-foot deep) on each core hole pad,
  4. Directional hole coring of twenty-four holes (two core holes per pad) within existing claims to determine the quality and quantity of federal metals reserves within the project area and better understand the underground geologic strata;
  5. Sequential plugging, immediately following drilling, of the core holes to Arizona State Department of Water Resources specifications; and
  6. Solidification with cement and reclamation of the sump, core hole site and access road as discussed in detail below.  

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.

About Kingman

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
(604) 685-7720

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Kingman believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Kingman disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.