Kingman Assays Hole MH-03: Confirming Historical Data, High Grade Interval of 44.7 G/T GOLD & 190 G/T Silver from 268-269 FT (82.7-83.0 M)
TSX Venture Exchange: KGS.V
Frankfurt: 47A1
FOR IMMEDIATE RELEASE
KINGMAN ASSAYS HOLE MH-03: CONFIRMING HISTORICAL DATA,
HIGH GRADE INTERVAL OF 44.7 g/t GOLD &
190 G/T SILVER FROM 268-269 FT (82.7-83.0 M)
Vancouver, B.C. (April 7, 2021) Kingman Minerals Ltd. (“Kingman” or the “Company”) (TSX.V: KGS,
FSE: 47A1) is pleased to announce that the Company MH-03 was completed at a total depth of 457 ft
(139.2 m). It was drilled at an angle of -60 degrees to horizontal. It contained two incredibly significant
mineralized intercepts, both of which were adjacent to and on either side of the rhyolite dike, as anticipated
from historic reports.
The first intercept occurred at 267–274 ft (81.4-83.5 m) for an intercept of 7 ft (2.1 m) with an average grade
of 9.06 g/t Au and 68.9 g/t Ag. This intercept had a calculated true width of 2.6 ft (0.8 m). The intercept
included two high grade intervals at 268-269 ft (82.7-83.0 m) grading 44.7 g/t Au and 190 g/t Ag and 272 -
274 ft (82.9-83.5 m) grading 8.8 g/t Au and 108.4 g/t Ag.
The second intercept was at 318 -322 ft (96.9-98.1 m) for an intercept length of 4 ft (1.2 m) that assayed
4.46 g/t Au and 8.4 g/t Ag. The interval had a calculated true width of 1.5 ft (0.46 m). Within this intercept
was a higher-grade interval at 320-322 ft (97.5-98.1 m) grading 6.97 g/t Au and 11.6 g/t Ag.
Figure 1 – Diabase showing prominent hydrothermal alteration (light green-gray + oxidation) against a
rhyolite intrusion in drill hole MH-03.
Figure 2 – Summary of gold and silver assay results from MH-03.
Samples were sent to Skyline Laboratories in Tucson, Arizona on a rush basis and assays for gold and
silver analysis were completed using Skyline’s FA-1 method for gold (Fire Assay– AA (Geochem) 5-5,000
ppb, 30g, with gravimetric finish for over-limits) and FA-8 for silver (Aqua Regia/AA (Geochem)).
“MH-03 was what we anticipated and more. The assay results we are continuing to see are impressive and
suggestive of a larg e amount of hydrothermal activity in the area; a much larger system may exist.
Consequently, the Phase II drill program will be a much larger more aggressive program; testing the size
and the extent of the mineralization that may be present,” stated Sandy MacDougall, Chairman and
Director.
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 the 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
Au Au Ag Ag
ppm g/Mt ppm g/Mt
0.005 0.03 0.1 3
C/N ROCK TYPE COMMENTS FROM (FT) TO (FT) SAMPLE ID FA-01 FA-03 FA-08 FA-03
1 DIABASE Subtle FeOx 266 267 1710581 0.008 0.7
2 DIABASE Subtle FeOx 267 268 1710582 0.108 7.7
3 DIORITE Subtle FeOx 268 269 1710583 > 5.000 44.7 > 150.0 190
4 DIABASE Subtle FeOx 269 270 1710584 0.337 19.3
5 DIABASE Subtle FeOx 270 271 1710585 0.111 13.1
6 DIABASE Subtle FeOx 271 272 1710586 0.557 35.6
7 DIABASE Subtle FeOx 272 273 1710587 > 5.000 14 118
8 DIABASE Weak FeOx 273 274 1710588 3.593 98.8
9 RHYOLITE Moderate FeOx 314 315 1710589 0.02 0.7
10 RHYOLITE Strong FeOx 315 316 1710590 0.009 0.7
11 RHYOLITE Moderate FeOx 316 317 1710591 0.36 1.8
12 RHYOLITE Moderate FeOx 317 318 1710592 0.439 2.5
13 RHYOLITE Moderate FeOx 318 319 1710593 1.109 3.2
14 DIORITE Strong FeOx 319 320 1710594 2.813 7.1
15 DIORITE Strong FeOx 320 321 1710595 > 5.000 7.45 15.6
16 RHYOLITE Moderate FeOx 321 322 1710596 > 5.000 6.48 7.6
17 RHYOLITE Moderate FeOx 322 323 1710597 0.018 1.1
18 RHYOLITE Moderate FeOx 323 324 1710598 0.006 0.7
MH-03 ASSAY RESULTS
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
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 includes statements regard ing, 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 approval processes. Although Kin gman 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 any forward -looking inform ation, whether as a result of new
information, future events or otherwise, other than as required by applicable securities laws.