Completion Of Drone Magnetic Survey & Advances Drill Permitting At Mohave Project

VANCOUVER – Kingman Minerals Ltd. announced in conjunction with the completion of a high-resolution drone-based magnetic survey, it has filed a Bureau of Land Management (BLM) Notice of Intent to Conduct Exploration for Phase III drill program at its high-grade gold and silver Mohave Project in Arizona. Since completing its oversubscribed financing in late 2025, the Company has fast-tracked targeted technical work to enhance its geological and structural understanding ahead of permitting and drilling at its flagship project including the historic Rosebud Mine.
The Company completed a high-resolution drone magnetic survey designed to support drill planning in covered areas and for property-wide structural reconnaissance. The survey comprised approximately 305 line-kilometres flown on 30-metre line spacing at approximately 25 metres above ground level (AGL). Data were collected using a high-sensitivity potassium magnetometer and corrected using a ground-based magnetometer for diurnal variation. Processing deliverables include standard magnetic products such as Total Magnetic Intensity (TMI), Reduced-to-Pole (RTP), and derivative maps including first vertical derivative (1VD), analytical signal, and tilt derivative. The dataset has been delivered for further processing, including three-dimensional magnetic inversion.
Simon Studer, Interim CEO, President and Director, said, “The immediate goal of the magnetic survey was to confirm and lock in drill locations for permitting. Depth-to-source estimates indicate that magnetic features deepen rapidly to the northwest while remaining relatively shallow to the southeast, making the southeast the most efficient first-pass target area for step-out drilling. Once the magnetic inversion is complete, we will work with the geophysicist to define final drill orientations from the permitted pad locations.”