Kingman Minerals (TSXV: KGS) this morning announced that it is currently preparing a drill campaign for its Mohave Project in Arizona, with the campaign having a focus on the historic mine area on the property.
The drill campaign, of an as of yet undisclosed size, will see the company twin the prior conducted 1984 drill program to bring results to current NI 43-101 standards. The 1984 drill program, conducted by L.A. Bayrock for Stellar Resources, saw surface and underground mapping, drilling, and sampling occur. A total of eight holes totaling 473 metres (1,553 feet) were diamond drilled.
The drilling occurred on the Southwick veins, on which the Rosebud Mine production shaft is located. The shortest drilled hole from the program measured in at 106 feet, while the deepest was 301 feet. The program was designed to search for new gold deposits, at a distance of 200 feet beyond the northwest end of the underground workings on site. At the time, the company had discovered two new zone of claimed ore grade mineralization.
Sponsored · Selkirk Copper Mines
The drill program being planned by Kingman is set to be in the same area as the Bayrock program to verify what was disclosed previously. While a resource estimate was previously provided for the property some years ago, the figures provided are not to NI 43-101 standards and thus cannot be relied upon. Kingman also intends to drill in new areas as a means of expanding the exploration area and potential resource.
Kingman Resources last traded at $0.16 on the TSX Venture.
FULL DISCLOSURE: Kingman Minerals Ltd is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Kingman Minerals Ltd on The Deep Dive, with The Deep Dive having full editorial control. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security.
