Area Successfully Intersecting TWO Mineralized Veins
TSX Venture Exchange: KGS.V
Frankfurt: 47A1
FOR IMMEDIATE RELEASE
KINGMAN COMPLETES HOLE MH-03 @ 346 FT (105.5 M) IN ROSEBUD MINE
AREA SUCCESSFULLY INTERSECTING TWO MINERALIZED VEINS
Vancouver, B.C. (March 12, 2021) Kingman Minerals Ltd. (TSX -V:KGS) (FSE:47A1) (“Kingman” or
the “Company”) is pleased to announce that the Company completed MH -03 which was drilled at a -60°
angle and reached a depth of 346 feet (105.5 m). It passed through 272 ft (82.9 m) of the quartz diorite
gneiss, which is the “country rock” in this region. It then entered a short 2 ft zone with sulfide stringers
before entering a void. The void is presumed to be some of the old mine workings in the Rosebud Mine
that were not shown on the historic maps or cross sections. The drillers were able to continue the core
hole on the other side of the void and drilled 37 ft (11.3 m) of the rhyolite dike. The hole then encountered
altered rhyolite and diorite for 9 ft (2.7 m) from 315 to 324 ft. This altered zone is believed to be the second
(West) vein described in historic reports.
Figure 1 – Diabase showing prominent hydrothermal alteration (light green-gray + oxidation) against a
rhyolite intrusion in drill hole MH-03.
The rock types, structure and alteration patterns seen in MH -03 correspond well with those detailed in
previous drilling rep orts and underground maps. MH-03 continues to confirm historic descriptions of two
vein structures separated by a rhyolite dike.
Figure 2 – Strip Log of MH-03 showing the intersection of two mineralized veins and rhyolite dike.
"The presence of the veins at their projected locations is incredibly encouraging. To date, using the prior
information available, (while historic in nature), together with information from our previous programs, we
have been very successful in hitting our targets which favourably suggests that the historic information that
we have is accurate. Kingman has a lot to look forward to” commented Sandy MacDougall, Chairman and
Director.
Samples will be sent to Skyline Assayers & Laboratories of Tucson, Arizona on a rush basis for gold and
silver analysis.
The technical information contained in this news release has been reviewed and approved by Brad Peek.,
M.Sc., CPG, who is a Qualified Person with respect to Kingman’s Mohave Project as defined under National
Instrument 43-101.
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.
The Mohave Project (the “Project”) is located in the Music Mountains in Mohave County, Arizona and is comprised of
71 lode claims which are inclusive of the past producing Rosebud Mine (the “Rosebud”). High grade gold and silver
veins were discovered in th e area in the 1880’s and were mined mainly in the late 20’s and 30’s. Underground
development on the Rosebud property included a 400 -foot shaft and approximately 2,500 feet of drifts, raises and
crosscuts.
For further information please contact:
Sandy MacDougall, Chairman & Director
(604) 685-7720
www.kingmanminerals.com
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Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward -looking
information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that
could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or imp lied by
such forward -looking information. Forward -looking information in this news release i ncludes statements regarding, among other
things, the completion transactions completed in the Agreement. Factors that could cause actual results to differ materially from such
forward-looking information include, but are not limited to, regulatory approva l processes. Although Kingman believes that the
assumptions used in preparing the forward -looking information in this news release are reasonable, including that all necessary
regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies
as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all.
Kingman disclaims any intention or obligation to update or revise a ny forward -looking information, whether as a result of new
information, future events or otherwise, other than as required by applicable securities laws.