Friday, May 30, 2025

Latest

Kingman Minerals Releases Historical Data On Mohave Project Underground Mine

Kingman Minerals (TSXV: KGS) this morning provided shareholders with their second update in a three part series related to its Mohave Project, located in the Music Mountain region of Mohave County, Arizona. The project consists of 20 lode claims, which includes the historic Rosebud Mine.

The property itself hosts eight separate veins as well as one double vein in addition to the Rosebud Mine, which extend from the northwest corner to the southeast corner of the property. Activity on the Mohave project dates back to the 1880’s, when high grade gold and silver was discovered on the property which was later mined in the 1920’s and 1930’s underground.

Underneath the surface at the Rosebud Mine, the project has a 400 foot shaft along with roughly 2,500 feet of drifts, raises and crosscuts. Veins at the 100, 200 and 250 foot level were mined, with much of the early mining done by lessees. While production figures for the property are very incomplete as per a 1983 report, some of the shipping ore from the mine was said to consist of anywhere from 15 to 20 ounces per ton gold, or 514.2 to 685.6 grams per ton gold.

Above the surface, in 1984 eight holes that totaled 473 meters were diamond drilled on the Southwick veins, which is where the main production shaft is located. The drill program was designed prospect for new deposits at a distance of 200 feet beyond the northwest end of the underground work, and was a part of underground and surface mapping and sampling conducted on behalf of Stellar Resource Corp between 1984 and 1986. Fifty of the 138 samples assayed showed greater than 3.429 g/t gold, with a high result of 436.697 g/t gold. The shortest hole from the drill program was at 106 feet, while the longest at 301 feet, with a total of 69 core samples analyzed for gold and silver.

Results from the core samples were claimed to have discovered two new zones of grade mineralization, with significant results reported to include 4.286 g/t gold and 60.629 g/t silver over 0.79 meters at a depth of 48 meters, and 8.95 g/t gold and 26.64 g/t silver over 1.04 meters at a depth of 17 meters. The data from this resulted in the explorer, Bayrock, to estimate indicated mineral resources of 15,560 tons averaging 20.12 g/t gold and 64.79 g/t silver. Inferred resource for the eight known mineralized zones was stated to be 1,142,156 tons averaging 17.04 g/t gold and 67.19 g/t silver, however it should be noted that these figures are not NI 43-101 compliant. The total length of the individual veins was stated to be approximately 12,800 feet, while the tonnage of inferred mineralization showed potential for medium to large scale mining based on $317.42 per ounce gold.


FULL DISCLOSURE: Kingman Minerals is a client of Canacom Group, the parent company of The Deep Dive. The author has been compensated to cover Kingman Minerals 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.

One Response

Leave a Reply

Video Articles

How To Profit From $3300 Gold? An Inside Look At A Massive 300,000 Oz Project | Martino De Ciccio

We’re At The Start of a Great Silver Boom | Ross McElroy & Andy Bowering – Apollo Silver Corp

Equinox Gold Q1 Earnings: When Everything Goes Wrong

Recommended

Sterling Metals Hits 0.21% Copper Over 482.8 Metres In First Drilling At Soo Copper project

First Majestic Makes Second Major Discovery At Santa Elena In Just A Year

Related News

Trillium Gold Acquires Red Lake Property Contiguous To Newman Todd

Trillium Gold Mines (TSXV: TGM) has expanded its foothold in the Red Lake, Ontario district....

Thursday, August 6, 2020, 09:47:01 AM

Solar Energy Could be the Boost that Propels Silver Prices to New Highs

Despite the economic turmoil currently plaguing many businesses and households across Canada, Prime Minister Justin...

Sunday, December 13, 2020, 03:45:00 PM

Ray Dalio: US Debt Crisis Looms, But Gold Still Better Than Bitcoin

Bridgewater Associates founder Ray Dalio has kept his Bitcoin investment to “little, like 1% kind...

Monday, January 27, 2025, 02:04:00 PM

Barrick Gold CEO Unveils Canadian Growth Strategy Amid Stock Rally

Barrick Gold Corporation (TSX: ABX) is increasing its focus on potential investments in Canada, aiming...

Tuesday, August 13, 2024, 10:25:37 AM

Silver’s New Floor, With John Feneck

In this interview, John Feneck, CEO of Feneck Consulting, offers a comprehensive analysis of the...

Sunday, August 18, 2024, 09:42:50 AM