Kingman Minerals (TSX.V: KGS) today is pleased to provide shareholders with a series of historical reviews of the past mining operations and prospects within the Mohave Project. Located approximately 35 miles from the town of Kingman in the Music Mountains in Mohave County, Arizona, the Mohave Project is comprised of 20 lode claims that are inclusive of the past producing Rosebud Mine. Gold was initially discovered in the area in 1879. In a 1928-1930 plan drawn for the Portland Mitzpah Mining Company by mining engineer R.G.Jacobson, the underground development at the Rosebud Mine is shown, including eight mineralized blocks. The data estimates that there was a total of 24,820.4 (772,001 grams) contained gold ounces combined in the 8 identified blocks.Calculations performed by the Ed Harrington B.Sc. P.Geo in 2005 show an overall gold grade of 1.148 ounces per ton (39.353 grams per ton) for the 21,621 tons indicated in the mineralized blocks on Jacobson’s plan. Although Kingman considers the estimations prepared by Jacobson as relevant, they are historical, and do not meet NI 43-101 standards. “With the Bank of America Corp. recently raising its 18-month gold-price target to $3,000 an ounce, Kingman could not be better positioned to capitalize upon the extremely favourable gold environment. This area indicates great potential, not only due to the high-grade gold past producers but the surrounding area as a whole. Kingman intends to verify the extensive historical data that exists, bring the resource estimates to NI 43-101 compliant standards and revitalize this area completely,” Kingman Minerals Chairman & Director Sandy MacDougall stated in the news release.
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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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