Kingman Minerals (TSX.V: KGS) (FSE: 47A1) today announced the first underground sampling results from the Rosebud Mine shaft and 100ft drift. According to the update, the Mohave Project, located in the Music Mountains in Mohave County, Arizona, is comprised of 20 lode claims, which are inclusive of the past producing Rosebud Mine. High grade gold and silver veins were discovered in the area in the 1880s and were mined mainly in the late 20s and 30s. Underground development on the Rosebud property included a 400-foot shaft and approximately 2,500 feet of drifts, raises and crosscuts. “Kingman could not be more pleased with the outcome of this first phase of underground exploration. The main production shaft and 100ft drift are in good condition and this enabled us to conduct this initial verification work,” Kingman Chairman Sandy MacDougall stated in the news release. “With the extensive amount of historical data available, we intend to confirm the validity of the data and use this to determine a current resource estimate if applicable. With the strength of the gold market, the company intends to enhance shareholder value by capitalizing on this strong commodity cycle in order to explore and expand upon the potential of the Mohave Project.”
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About Kingman
Kingman Minerals Ltd. is currently engaged in the business of precious metal mineral exploration for the purpose of acquiring and advancing non grass roots mineral properties located in mining friendly jurisdictions of North America. For more information, visit the company’s website at www.KingmanMinerals.com.
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