Kingman Minerals plans magnetometer survey at Rosebud

Executive Summary

• Kingman Minerals Ltd. is advancing exploration at its Mohave gold project in Arizona by engaging a contractor for a high-resolution, drone-based magnetometer survey over the Rosebud property to refine drill targets and geological models.
• The company has completed an updated National Instrument 43-101-compliant technical report, which will be filed on SEDAR+ upon approval.
• Exploration activities have been delayed due to the U.S. government shutdown, but the company remains fully funded with recent gross proceeds of $2,112,953.

Key Details

• Drone Magnetometer Survey: Kingman is engaging a contractor to conduct a high-resolution, drone-based magnetometer survey covering the entire Rosebud property.
• Survey Objectives: The survey aims to provide detailed subsurface information regarding vein systems, fault structures, and key geologic contacts to enhance the geological model and identify promising zones for future drilling.
• Survey Timeline: The survey is expected to commence in the coming weeks, with results anticipated shortly thereafter.
• NI 43-101 Report: An updated technical report compliant with National Instrument 43-101 has been completed and will be available on SEDAR+ under the company's profile upon approval.
• Funding Status: The company states it is fully funded following recent gross proceeds of $2,112,953.
• Operational Delays: Progress on the next phase of drilling has been delayed due to the recent U.S. government shutdown.
• Technical Review: Technical information was prepared in accordance with Canadian regulatory requirements (NI 43-101) and reviewed by Bradley C. Peek, MSc, CPG, the Qualified Person for Kingman Minerals.

Notable Quotes

• "The Mohave project sits in one of Arizona's most storied gold-producing regions, and we are fully committed to advancing the project and utilizing this robust gold market to appreciate shareholder value," said Simon Studer, interim chief executive officer.
• "While the shutdown takes its course, our focus is on maximizing efficiency, deepening our technical understanding and identifying the most promising zones for future work."