- Kingman Minerals announced its entrance into option agreement for area spanning 1,071.2 acres in Arizona’s Mohave County
- Recent agreement will increase company’s total exploitable mining assets in Mohave County to 72 lode claims across nearly 1,500 acres
- Company well positioned to capitalize on ongoing surge within precious metals space, with gold prices at their highest level since 2011
- Kingman Minerals commissioned mining consultant to carry out underground sampling program within its mine ahead of company’s NI43-101 report publication
Kingman Minerals (TSX.V: KGS), a Canadian-based mining company engaged in the acquisition, exploration and development of gold and silver properties in North America, announced that it had recently entered into an option agreement to acquire 100% interest in 52 lode claims covering an area of 1,071.2 acres, located in the Mohave County, Arizona. This agreement represents a significant expansion of company’s gold and silver assets in the historic mining location.
The option agreement, which will be valid for a period of four years, was obtained in exchange for a consideration of $150 thousand in cash, the issuance of 2.5 million new common shares and a commitment by the company to invest at least $1 million in exploration expenditure over the…
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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