- Kingman Minerals announced preparation of drill program to verify assets contained within its Mohave Project
- The program will aim to produce NI 43-101-compliant report detailing area’s potential ore deposits, assay value
- The drilling will focus around area which was subject of prior non-NI 43-101-compliant study carried out in 1985 on behalf of Stellar Resources
- Report suggested that the area’s potential assets could total as much as 664,000 ounces of gold and 2,600,000 ounces of silver
Kingman Minerals (TSX.V: KGS), a Canada-listed gold miner with extensive claims in key mining jurisdictions spanning the North American continent, has announced that it is preparing a drill campaign aimed toward confirming the viable ore deposits within its Mohave Project (http://nnw.fm/tp09q). The company’s Mohave Project, located within the Music Mountains in Mohave County, Arizona is comprised of 20 lode claims which include the historic Rosebud Mine. However, with the area largely abandoned following a downturn in gold prices during the early 1990s, Kingman Minerals is now seeking to prepare a NI 43-101 compliant report to verify the potential ore deposits and assay values present on its site.
In 1985, a study carried out by L.A. Bayrock Ph.D P.Geo (“Bayrock”) on behalf of Stellar Resource Corp. drilled eight holes on the Southwick veins within the main Rosebud production shaft, extracting 69 core samples which were then analyzed to ascertain their gold and silver contents. While the estimates and assay values could not be relied upon given that they were published prior to NI 43-101 regulations coming into force, Stellar Resource’s report at…
NOTE TO INVESTORS: The latest news and updates relating to KGS are available in the company’s newsroom at http://nnw.fm/KGS
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