Kingman Minerals (TSXV: KGS) has revealed that it is currently in the process of preparing a 43-101 compliant technical report on its Mohave Project, located in Arizona. The report is being completed in conjunction with work conducted by that of Burgex Mining Consultants.
Earlier this year, Kingman contracted Burgex to determine accessibility of its historic Rosebud Mine, and to complete two underground sampling programs at the site. The consultants were able to access both the 100 foot and 200 foot levels via the mine shaft, from which samples were able to be pulled.
Samples collected from site were subsequently sent to ALS Laboratories in Reno, Nevada for analysis using a fire assay method, which is optimal for gold and silver recovery. Results from these assays, which were conducted for both rounds of sampling, will be implemented into Kingman’s NI43-101 technical report, which will show the measured and indicated resources from the Rosebud Mine and the Mohave Project as a whole.
An estimated timeline for completion of the technical report was not provided by the company, however it is expected to be released in the near term.
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.
