Vancouver, B.C. (December 24, 2021) Kingman Minerals Ltd. (TSX-V:KGS) (OTCQB: KGSSF) (FSE:47A1) (“Kingman” or the “Company”) is pleased to announce its assay results for Phase II diamond drilling on the Mohave Project near Kingman, Arizona, USA. Kingman Minerals experienced slow drilling and technical issues caused by supply chain and other pandemic related problems, which led to a temporary suspension of the Phase II diamond drilling. As such, the Company was unable to fully test all desired targets. Yet, two of the partially completed holes (MH-07, MH-08) were capped and are to be re-entered at some point in 2022 and completed to their respective target depths. All of the 24 fully permitted holes are intended to define the continuation of the vein systems away from the Rosebud shaft area and to test some deeper targets suspected to be present within the Rosebud claim group.
Diamond drill hole MH-06 intersected both main vein systems with the East vein yielding 0.7 gpt Au, & 132 gpt Ag. The west vein showed values of 4.3 gpt Au, & 68.3 gpt Ag. These intercepts extend the veins to the southeast of the mine workings, where previously no vein mineralization was known to occur. The MH-06 discoveries open an entirely new area for future Mohave Project exploration.
Core hole MH-07, which has a target depth of 2000 feet (610m) was temporarily suspended at 1185 feet (361m) due to escalating drilling costs. Although the hole is not yet completed, a Tertiary-age(?) porphyry intrusive and associated alteration in the lower part of the hole indicate the possibility that there could be a larger mineralizing system at depth.
Figure 1 – Example of sulfide mineralization and alteration at depth in MH-07.
The technical information contained in this news release has been reviewed and approved by Brad Peek., MSc., CPG, who is a Qualified Person with respect to Kingman’s Mohave Project as defined under National Instrument 43-101.
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 72 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:
Arthur Brown, Chairman & Director
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