04:39:19 EDT Fri 23 Apr 2021
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Kingman Minerals Ltd
Symbol KGS
Shares Issued 50,540,791
Close 2021-03-02 C$ 0.21
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Kingman continues drilling Rosebud mine area of Mohave

2021-03-03 02:32 ET - News Release

Mr. Sandy MacDougall reports


Kingman Minerals Ltd. is continuing to drill the Mohave project in the Rosebud mine area. The five 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.

MH-02 is expected to intersect two mineralized veins on either side of a rhyolite dike, as they were seen in MH-01, are exposed and have been sampled in the historic underground workings. The drilling is expected to verify the thickness and grade of the veins recorded in previous exploration activity reports.

"Kingman is extremely pleased with the drilling to date. We successfully intersected the two veins we had expected, which reinforced that our calculations were exactly on target. Should this continue to be the case (and we expect that it will), the company will proceed immediately with the next round of permits and a phase 2 drill program," stated Sandy MacDougall, chairman and director.

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.

About Kingman Minerals Ltd.

Kingman 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 composed of 71 lode claims, which 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 20s and 30s. Underground development on the Rosebud property included a 400-foot shaft and approximately 2,500 feet of drifts, raises and crosscuts.

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