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Kingman Minerals Prepares for Drilling at High-Grade Mohave Project amid Record Gold Prices
Newsfileยท 2025-11-05 07:55
Core Insights - Kingman Minerals Ltd. is advancing its Mohave Project in Arizona, capitalizing on the current high gold prices to create near-term value for shareholders [1][7]. Project Overview - The Mohave Project consists of 72 lode claims covering 1,467 acres (594 hectares), including the historic Rosebud Mine, with historical data indicating a potential of up to 664,000 ounces of gold and 2.6 million ounces of silver [2][11]. - The project is well-positioned due to its location in Arizona, which offers good infrastructure and a favorable mining climate [7]. Exploration and Sampling Results - Kingman has conducted multiple phases of work, including underground reconnaissance and drilling, confirming high-grade gold and silver intercepts [3][8]. - Notable sampling results include 688 g/t Au and 468 g/t Ag over 0.18 m, and 252 g/t Au and 341 g/t Ag over 0.46 m, indicating the presence of bonanza-grade veins [4][6]. Future Plans - The company aims to convert historic grades into NI 43-101-compliant resources and plans extensive exploration work to validate and expand the resource base [8][9]. - The combination of strong assay results and 3D modeling provides multiple pathways for resource expansion, including identifying parallel structures and exploring deeper extensions [8][9].