Kingman files exploration notice of intent for Mohave

Executive Summary

• Kingman Minerals Ltd. has completed a high-resolution drone-based magnetic survey at its Mohave project in Arizona to support drill planning and structural reconnaissance.
• The company has filed a Bureau of Land Management (BLM) notice of intent for a Phase III drill program, with approval expected in the near term.
• The upcoming drilling is targeted at testing the Southwick vein corridor extensions to the southeast of the historic Rosebud mine area.

Key Details

• Survey Specifications: The drone magnetic survey covered approximately 305 line kilometres flown on 30-metre line spacing at approximately 25 metres above ground level (AGL).
• Data Collection: Collected using a high-sensitivity potassium magnetometer, corrected using a ground-based magnetometer for diurnal variation.
• Deliverables: Standard magnetic products include total magnetic intensity (TMI), reduced to pole (RTP), and derivative maps including first vertical derivative (1VD), analytical signal, and tilt derivative.
• Processing Status: Data has been delivered for further processing, including three-dimensional magnetic inversion and three-dimensional magnetic vector inversion (MVI) modelling.
• Geological Interpretation: Depth-to-source estimates indicate magnetic features deepen rapidly to the northwest while remaining relatively shallow to the southeast, identifying the southeast as the most efficient first-pass target area for stepout drilling.
• Permitting Status: A BLM notice of intent for exploration for a Phase III drill program has been filed. The application is under review, and approval is expected in the near term.
• Drill Program Scope: The Phase III program is designed to test the Southwick vein corridor extensions to the southeast of the Rosebud mine area.
• Next Steps: Once the magnetic inversion is complete, the company will work with the geophysicist to define final drill orientations from the permitted pad locations. Results will be integrated with historical mapping and geochemical sampling.

Notable Quotes

• "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 stepout drilling." — Simon Studer, Interim CEO, President and Director