Phase III Program Comprises Of Seven HQ-Diameter Holes At Mohave Project

VANCOUVER – Kingman Minerals Ltd. has completed a project-scale, three-dimensional magnetic vector inversion (3D MVI) model and scheduling the proposed Phase III diamond drill program for its high-grade gold-silver Mohave Project in Arizona.
Magnetic data was collected over the Project area in December 2025 using a high-resolution drone-based airborne magnetic (MAG) survey. Work included staged filtering and inversion steps, including standard magnetic data filtering, two-dimensional structural detection, magnetic vector inversion, three-dimensional structural detection, and integrated structural and lithological interpretations.
Based on this workflow, the 3D MVI model outlines the geometry and orientation of interpreted magnetic lineaments and boundaries across the Mohave Project area, including a population of northwest-trending lineaments broadly parallel to mapped vein orientations. Three-dimensional edge detection of the magnetization-vector amplitude was used to sharpen these boundaries and help constrain the continuity of the northwest-trending lineaments.
“The 3D magnetic vector inversion highlights a coherent set of northwest-trending magnetic features that align closely with mapped vein structures and the footprint of historic workings,” said Daniel Core, PhD, Principal Geophysicist and Geologist of Fathom Geophysics LLC. “These features define clear structural vectors that can be tested for continuity along strike and at depth within the Phase III target corridor and provide a robust framework for broader exploration targeting at the property scale.”
The Phase III program comprises seven HQ-diameter diamond drill holes totaling approximately 815 metres (2,673 feet), as previously disclosed. Drilling will be conducted from existing disturbances under the recently approved Bureau of Land Management Notice of Intent.
Simon Studer, Interim CEO, President and Director, said, “With the drill permits in hand, the 3D MVI interpretation complete, and the drill contractor engaged, the next steps are mobilization and drilling. Mobilization is planned to commence immediately following receipt of final water-use authorization from the Arizona Department of Water Resources. Subject to receipt of that authorization and timely mobilization of crews and equipment by Altar, drilling is expected to begin later this month. We will continue to update investors as we ramp up toward Phase III execution.”