Kingman Minerals Reports First Sampling Results For Rosebud Mine

The first sampling results from Kingman Minerals’ (TSXV: KGS) Rosebud Mine were released by the company this morning. The sampling, which was conducted by Burgex Mining Consultants, had chip sample highlights of 252 grams per ton gold and 341 grams per ton silver over an interval of 0.46 metres.

Kingman initially contracted Burgex Mining Consultants in early spring 2020 to determine the accessibility of the main production shaft of the Rosebud mine, which is located on Kingman’s Mohave project in Arizona. The firm was able to access the mine shaft as well as the 100 foot level of the 400 foot shaft in the abandoned mine through the use of rope and ladder.

While conditions were not optimal to spend extended periods of time underground, the firm was able to collect 17 rock samples from the 100-foot level of the mine. Samples were collected from both the northwest and southeast directions from the main shaft, similar to the work done on site by Stellar Resources in 1984.

The samples collected from the 100 level of the Rosebud Mine displayed an average of 16.05 g/t gold and 57.2 g/t silver. The largest sample collected demonstrated 252 g/t gold and 341 g/t silver from a 0.46 metre interval.

“Kingman could not be more pleased with the outcome of this first phase of underground exploration. The main production shaft and 100ft drift are in good condition and this enabled us to conduct this initial verification work. With the extensive amount of historical data available, we intend to confirm the validity of the data and use this to determine a current resource estimate if applicable. With the strength of the gold market, the Company intends to enhance shareholder value by capitalizing on this strong commodity cycle in order to explore and expand upon the potential of the Mohave Project.”
Sandy MacDougall, Chairman Kingman Minerals

As per earlier data released by Kingman, both Stellar Resources in 1984 and Kent Exploration in 2005 have conducted similar sampling within the historic Rosebud Mine and have generated similar results. However, these previous results were not conducted to 43-101 standards.

Kingman Minerals last traded at $0.20 on the TSX Venture.

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