22:52:06 EST Tue 23 Dec 2025
Enter Symbol
or Name
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CA



Kingsman Resources Inc
Symbol KSM
Shares Issued 32,666,435
Close 2011-05-17 C$ 0.05
Market Cap C$ 1,633,322
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Kingsman seeks change to 2008 permit for 2011 program

2011-05-18 15:09 ET - News Release

Mr. Robert McLaughlin reports

INTERNATIONAL BASIN PROPERTY AMENDED HELICOPTER DRILL PERMIT REQUESTED FROM MEMPR FOR 2011 SUMMER PROGRAM.

Kingsman Resources Inc. has requested an amendment to its 2008 exploration permit from Cranbrook MEMPR (Ministry of Energy, Mines and Petroleum Resources), to helicopter drill on its International basin project, located 35 kilometres south of Golden, B.C.

Kingsman Resources Inc. is planning a 1,000-metre diamond drill program on the International basin project for the summer of 2011.

An extensive sampling program in the fall of 2008 yielded very high gold and silver values in rock from grab or character samples, including up to two ounces per ton gold and 63.9 ounces per ton silver. Samples were collected from decimetre- to metre-scale quartz/iron-carbonate and quartz veins partially exposed in several old exploration pits and elsewhere (see news release dated Oct. 23, 2008).

Most well-mineralized veins occur within a northwest-trending structural corridor which stretches at least 3.5 kilometres, from south of Bobbie Burns Creek to Bennison Creek. It is marked by variably and locally intensely altered (quartz, sericite, iron carbonate, pyrite) clastic sedimentary rocks and coincides with the axis of an anticlinal fold system.

The current planned drill program is designed to test the lateral and downdip continuity of some of the better-mineralized veins and vein systems.

Bernhardt Augsten, PGeo, a qualified person, supervised the fieldwork and the preparation of the technical information in this release.

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