Kingman Receives Approval FOR Drill Program ON Mohave GOLD Project: Historic Underground MINE
TSX Venture Exchange: KGS.V
Frankfurt: 47A1
FOR IMMEDIATE RELEASE
KINGMAN RECEIVES APPROVAL FOR DRILL PROGRAM ON
MOHAVE GOLD PROJECT: HISTORIC UNDERGROUND MINE
Vancouver, B.C. (December 21, 2020) Kingman Minerals Ltd. (TSX-V:KGS) (FSE:47A1) (“Kingman”
or the “Company”) is pleased to update shareholders. The Company submitted a Notice of Intent
to drill with the Bureau of Land Management (“BLM”) in Arizona and has received approval subject
to the completion of bonding. The drill campaign wi ll focus on the historic mine area within the
Mohave Project to twin and expand upon the prior 1984 drill program.
The Mohave Project (the “Project”) is located in the Music Mountains in Mohave County , Arizona and is
comprised of 20 lode claims which are inclusive of the historic past producing Rosebud Mine (the
“Rosebud”), eight separate veins and one prominent double vein which extend from the northwest corner
to nearly the southeast corner of the claims block.
As per the Company’s new release dated May 5, 2020, between 1984 and 1986, L.A. Bayrock Ph.D P.Geo.
(“Bayrock”), on behalf of Stellar Resource Corp., conducted surface and underground mapping, drilling and
sampling of the area compri sing the Project. In 1984 eight holes totalling 1,553 feet (473 meters) were
diamond drilled on the Southwick veins on which the main Rosebud production shaft is located. The
shortest hole measured 106ft while the deepest was 301ft. Sixty-nine core samples were submitted and
analyzed for gold and silver. This drill program was designed prospect for new ore deposits for a distance
of 200 feet bey ond the northwest end of the underground workings. The results were said to have
discovered two new zones of what was considered then to be ore grade mineralization.
Significant results, which have not yet been verified by the Company, were reported to include 0.125 opt
(4.286 g/t) gold and 2.06 opt (70.629 g/t) silver over 31 inches (0.79 meters) in hole #5 at 160 feet (48
meters) depth, and 0.261 opt (8.95 g/t) gold and 0.777 opt (26.64 g/t) silver over 41 inches (1.04 meters)
in hole #6 at 55 feet (17 meters) depth. No hole locations are available to the Company.
While the estimations prepared by Bayrock are considered relevant, they were written before NI 43 -101
regulations and are therefore not NI 43-101 compliant. The assay values have not been verified and would
require additional underground sampling for verification. The Bayrock (1984) drilling data has not been
verified but appears reasonable considering the width and grade of the veins in the underground workings.
Additional drilling in the vicinity of the Bayrock drilling would be required to verify the above data. In order
to upgrade or verify Bayrock’s drilling results, the Company would be required to complete additional drilling
in the vicinity of the Bayrock drilling.
The technical information contained in this news release has been reviewed and approved by Bradley C.
Peek, MSc. and Certified Professional Geologist who is a Qualified Person with respect to Kingman’s
Mohave Project as defined under National Instrument 43-101.
Additionally, the Company accepts the resignation of Mr. Carlos Arias E. from the Board of Directors as of
December 10, 2020. The Company would like to thank Mr. Arias E. for his many years of contributions and
wishes him all the best in his future endeavours.
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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 Mountain area of Mohave County, Arizona and
is comprised of 20 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
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture
Exchange) accepts responsibility for the adequacy or accu racy 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 implied by
such forward -looking information. Forward -looking information in this news release includes 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 approval 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 any forward -looking informatio n, whether as a result of new
information, future events or otherwise, other than as required by applicable securities laws.