Kingman Minerals (TSX.V: KGS), a Canada-listed gold miner with extensive claims in key mining jurisdictions spanning North America, is readying a drill campaign focused on confirming the viable ore deposits within its Mohave Project (http://ibn.fm/b13vp). The project, located within the Music Mountains in Mohave County, Arizona, is comprised of 20 lode claims that include the historic Rosebud Mine. Due to a downturn in gold prices during the early 1990s, the area was largely abandoned; however, KGS is now seeking to prepare a NI 43-101 compliant report to verify potential ore deposits and assay values present on its site. A recent article discussing this reads, “In 1985, a study carried out by L.A. Bayrock Ph.D P.Geo (‘Bayrock’) on behalf of Stellar Resource Corp. drilled eight holes on the Southwick veins within the main Rosebud production shaft, extracting 69 core samples which were then analyzed to ascertain their gold and silver contents. While the estimates and assay values could not be relied upon given that they were published prior to NI 43-101 regulations coming into force, Stellar Resource’s report at the time suggested that the mine’s potential assets could amount to as much as 664,000 ounces of gold and 2,600,000 ounces of silver (http://ibn.fm/YbOP5).”
To view the full article, visit http://ibn.fm/aQ5FN
About Kingman Minerals Ltd.
Kingman Minerals is currently engaged in the business of precious-metal mineral exploration for the purpose of acquiring and advancing non-grassroots mineral properties located in mining-friendly jurisdictions of North America. The Mohave Project is located in the Music Mountains in Mohave County, Arizona, and is comprised of 20 lode claims that are inclusive of the past-producing Rosebud Mine. High-grade gold and silver veins were discovered in the area in the 1880s and were mined mainly in the late 1920s and 1930s. Underground development on the Rosebud property included a 400-foot shaft and approximately 2,500 feet of drifts, raises and crosscuts. For more information, visit the company’s website at www.KingmanMinerals.com.
NOTE TO INVESTORS: The latest news and updates relating to KGS are available in the company’s newsroom at http://ibn.fm/KGS
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