Vancouver, B.C. (September 22, 2020) Kingman Minerals Ltd. (TSX-V:KGS) (FSE:47A1) (“Kingman” or the “Company”) is pleased to announce that the Company has submitted a Notice of Intent to Conduct Exploration on the past producing Mohave Project (Phase 1) located in the Music Mountain Mining District in Arizona.
Kingman has proposed five prospecting directional core holes from three pads with associated access on federal surface and mineral, under the management of the Bureau of Land Management - Kingman Field Office (BLM), centered approximately 16.5 miles northwest of Antares, Mohave County, Arizona. The five prospecting core holes are proposed to a depth of 330 feet (100 meters) 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 Company’s 1st Phase of drilling will encompass:
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 two months to complete. The prospecting program has been designed to maximize data recovery while minimizing overall surface disturbance within the project area with minimal vegetation and topsoil removal anticipated. This, coupled with the 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.
“Kingman is extremely pleased with the efforts that have gone into the development of this drill campaign. While the blue-sky potential of this Project is extremely exciting, the Company remains focused on taking the proper steps necessary to validate and verify the size and extent of the resource in this area – bringing maximum confidence and value to its shareholders” stated Sandy MacDougall, Chairman and Director.
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 20 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:
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.