Kingman Minerals Reports Second Sampling Results For Rosebud Gold Mine

Kingman Minerals (TSXV: KGS) this morning announced the second sampling results from its Rosebud Mine, part of the firms Mohave project, with data focused on the 100 foot and 200 foot levels of the mine shaft. Highlight mineralization includes 688 g/t gold and 468 g/t silver over 0.18 metres from a chip sample taken on the 100 foot level stope in the mine.

The second round of sampling, similar to the first round, was conducted by Burgex Mining Consultants, whom were called back to site to attempt to reach the 200 foot level of the mine. After clearing debris from the mine shaft, Burgex was able to successfully reach the 200 foot level of the historic mine.

In total, twenty six samples were taken from the mine from both the 100 and 200 foot levels during the second underground program. Highlights from the program include 688 g/t gold and 468 g/t silver over 0.18 metres, as well as 109 g/t gold and 164 g/t silver over 0.15 metres, both taken from chip samples at the 100 foot north stope.

"The Company continues to be greatly encouraged with respect to the potential of the Mohave Project after the completion of this second phase of work. Through this approach of the replication of previous sampling efforts, we are able to verify the reliability of historic data. Our confidence has only increased with this program and we are incredibly proud of the hard work and diligence of those involved. The Company expects to provide shareholders with an update on a potential resource estimate in the near future." 
Sandy MacDougall, Chairman

Kingman Minerals last traded at $0.18 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.

Video Articles

Agnico Q1 Earnings Results Overshadowed By A Sinking Gold Price

Why More People Are Starting to Feel Broke | Darrell Thomas – VRIC Media

Newmont Q1 Earnings: A Billion In Free Cash Flow… A Month!

Recommended

Altamira Gold Extends Maria Bonita Porphyry System Westward With 70.6 Metres At 0.51 g/t Hit

Antimony Resources Reports 13.9% Antimony in Latest Drill Core at Bald Hill

Related News

Modi Urges Indians to Halt Gold Purchases for a Year to Shield Forex Reserves

India’s Prime Minister Narendra Modi made a striking appeal on Sunday, urging Indians to refrain...

Monday, May 11, 2026, 10:25:54 AM

Monterey Minerals Mobilizes Field Crew At Alicia Project, Philippines

Monterey Minerals (CSE: MREY) this morning announced that it has mobilized its exploration field crew...

Wednesday, August 26, 2020, 08:28:55 AM

McLaren Resources: The McCool Transaction

On May 14, 2020, a very interesting transaction was announced in the historic, highly prolific...

Tuesday, June 16, 2020, 12:53:47 PM

Skeena Hits 5.88 G/T Gold Equivalent Over 17 Metres In New Zone

Skeena Resources (TSX: SKE) this morning had a positive development in that it has discovered...

Tuesday, September 15, 2020, 08:46:04 AM

More De-Dollarization? Ghana Unveils Plan to Purchase Crude With Gold Rather Than US Dollars

The list of countries shunning the US dollar is increasing. Ghana, a developing country located...

Friday, November 25, 2022, 12:23:00 PM