Drill Results
Kingman Completes Drilling at High-Grade Mohave Project and Historic Rosebud Mine; Intersecting Thickest Intervals to Date
High-Grade Mohave Project Drilling Completion Signals Potential Resource Upside Pending Assay Confirmation

Executive Summary
- Kingman Minerals completed its 8-hole Phase III core drilling program targeting a previously untested area near the historic Rosebud Mine in Arizona.
- Initial results from the first four holes have intersected visually encouraging alteration and mineralization with intercepts up to 26 feet (7.9 meters) not true width.
- The drilling targeted the southeast side of the "Rosebud South" fault identified via recent drone magnetic surveys.
- Samples have been delivered to Skyline Laboratories in Tucson Arizona; assay results are currently pending.
- All handling and sampling of the core followed standard NI 43-101 protocols.
- This follows previous announcements regarding Phase III mobilization in February 2026 and underground sampling in March 2026.
Material Impact
- The news confirms execution of the planned exploration program announced in early 2026 which is a positive operational milestone.
- Visual intercepts are encouraging but lack assay confirmation; therefore the market cannot yet value the grade potential accurately.
- This is considered Routine - Positive as it validates the drilling plan rather than introducing new unexpected financial data or resource estimates.
- The completion of drilling reduces execution risk but does not eliminate geological risk until assays are released.
- No material change to valuation is expected immediately without assay numbers confirming high-grade continuity.
KGS · Price
Company Overview
- Kingman Minerals Ltd. focuses on the Mohave Gold and Silver Project in Arizona which includes the historic Rosebud Mine.
- The project is 100% owned by Kingman Minerals with over 2,300 feet of underground workings historically.
- Historic resource estimates suggest up to 664,000 oz Au and 2.6M oz Ag across multiple veins though these are non-NI 43-101 estimates.
- The company is currently in Phase 1 exploration with a focus on converting historic grades into NI 43-101 compliant resources.
- Management includes Simon Studer as Interim CEO and Brad Peek as Qualified Person and Director.
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May 27, 2026 · 07:31