Mohave Project Drill Hole Completed To Confirm Grades Of Gold And Silver

VANCOUVER – Kingman Minerals Ltd. reported that it completed MH-01 at a depth of 225 ft (68.6m). 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 objective of the drill hole and the assays have confirmed the grades of gold and silver stated in historic reports on the property.

“The high-grade intercept of gold and silver was encountered at a depth of 149.3 ft (45.5 m) with an interval length of 1.3 ft (0.4 m) (not true width). It is another significant step for the Company as it suggests that there is indeed validity to the historic reports on the Project. As the current campaign progresses and more assays are received, we will indeed be able to speak to the veracity of the historical information more confidently; and with that, expand upon the current phase of drilling to determine the grade, size and extent of the systems that exist in Mohave”, said, Brad Peek, M.Sc. CPG and Qualified Person.