Hole Completion At Rosebud Mine Area Intersects Two Mineralized Veins

VANCOUVER - Kingman Minerals Ltd. reported that it completed MH-01 at a depth of 225 ft (68.6m). Core hole MH-01 was intended to intersect the two veins that were mined primarily in the 1930s for gold and silver. The hole was angled at -45 degrees to horizontal so that it would pass through the two veins between the 100- and 200-foot levels of the mine workings. The two veins in the mine are separated by a rhyolite dike (a Tertiary intrusive rock) that varies between 20 and 50 feet in width and which may have influenced the gold and silver mineralization. The surrounding "country rock" is the Precambrian-age Quartz Diorite Gneiss, a very old metamorphic rock. Other intrusive rocks encountered in the drill hole include a Porphyritic Diorite and a Diabase, also probably of Tertiary age. The intersection of the vein in two places was the objective of the drill hole and it will hopefully confirm the grades of gold and silver stated in historic reports on the property. Upon visual inspection it appeared that both mineralized veins on either side of the rhyolite dike were intersected. "The presence of the veins at their projected locations is very encouraging and we look forward to seeing the assay results" said, Brad Peek, M.Sc. CPG.