Kingman Minerals Ltd. is pleased to announce that it intends to complete a non-brokered private placement of up to $350,000 and to settle $456,725 of debt with shares. The Company will use the net proceeds of the Offering for working capital purposes. Private Placement Subject to the approval of the TSX Venture Exchange , the Company intends to complete the Offering by issuing 3,500,000 units at a price of $0.10 per Unit [...]
Inflation in the U.S. is at its highest level in 30 years, lifting the price of gold back well above the USD 1,800 per ounce mark and a key resistance. But if you believe Chris Vermeulen of https://TheTechnicalTraders.com, for example, this is just the beginning! In his opinion, the gold price should rise to USD 2,600 - and gold companies should make a "huge, explosive move". Whether this explosive move comes or not, we [...]
Kingman Minerals Ltd. is pleased to announce the completion of the Phase I Drilling Program and report the receipt of assays for borehole MH-05. The Phase I Drilling Program completed a total 2552.5 feet of diamond core drilling which provides a fresh catalog of modern drill core for data collection and a significant and increased understanding of the geological, alteration, and structural controls at the Mohave Gold [...]
Kingman Minerals Ltd. is pleased to announce the receipt of assays for borehole MH-04 which completed at a depth of 882 ft and an angle of -70 degrees to horizontal during its Phase I Drilling Program at the Company's flagship Mohave Gold Project located near Kingman, Arizona, USA. The Phase I Drilling Program consisted of five confirmation drill holes to verify both the nature and grades of historic mineralization and [...]
Kingman Minerals Ltd. is pleased to announce that the Company MH-03 was completed at a total depth of 457 ft . It was drilled at an angle of -60 degrees to horizontal. It contained two incredibly significant mineralized intercepts, both of which were adjacent to and on either side of the rhyolite dike, as anticipated from historic reports. The first intercept occurred at 267-274 ft for an intercept of 7 ft with an average [...]
Kingman Minerals Ltd. is pleased to announce that the receipt of assays for borehole MH-02 which completed at a depth of 806 ft . The hole was angled at -70 degrees to horizontal so that it would pass through the two veins beneath the 250-foot level of the mine workings. The first intersection was encountered at 272-276 ft and assays showed gold values of 3.4 g/t and 85.4 g/t silver over 4 ft including a 1 ft interval of [...]
Kingman Minerals Ltd. is pleased to announce that core hole MH-05 was drilled at a -60 degree angle for a length of 449.5 feet . It intersected the first vein on the east side of the rhyolite dike from 391.6 to 395.0 feet . The second vein, on the west side of the rhyolite was not intersected because the drill hole broke into some of the old mine workings that were apparently not shown on the historic mine maps. The [...]
Kingman Minerals Ltd. is pleased to announce that the Company completed MH-01 at a depth of 225 ft . Core hole MH-01 was drilled to intersect the two veins that were mined primarily in the 1930s for gold and silver. The hole was angled at -45 degrees to horizontal so that it would pass through the two veins between the 100- and 200-foot levels of the mine workings. The intersection of the vein in two places was the [...]
Kingman Minerals Ltd. is pleased to announce that core hole MH-04 was drilled at an angle of -70 degrees to intersect the two veins at depth, below the historic mine workings. The hole reached a total depth of 726 feet . It successfully reached the upper portion of the target zone at a depth between 365 and 383 feet and passed through a strongly altered and partly oxidized zone, typically coincident with gold [...]
Kingman Minerals Ltd. is pleased to announce that the Company is drilling MH-04 which at a -70° angle and successfully reached the upper portion of the target zone at a depth between 365 and 383 feet . It passed through a strongly altered and partlyoxidized zone, typically coincident with gold mineralization. Part of the zone contained up to an estimated 10% arsenopyrite. The zone is intermingled with felsic and mafic [...]
Kingman Minerals Ltd. is pleased to announce that the Company has submitted a new permit application to the Kingman Field Office of the Arizona Bureau of Land Management for a Phase II drill program to be conducted on the Mohave Project near Kingman Arizona. The Mohave Project is comprised of 71 lode claims including the historic past producing high-grade gold Rosebud Mine. Figure 1 - Mohave Project Phase II Drill Program [...]
Kingman Minerals Ltd. is pleased to announce that the Company completed MH-03 which was drilled at a -60° angle and reached a depth of 346 feet . It passed through 272 ft of the quartz diorite gneiss, which is the "country rock" in this region. It then entered a short 2 ft zone with sulfide stringers before entering a void. The void is presumed to be some of the old mine workings in the Rosebud Mine that were not shown on [...]
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