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| | International Basin Overview Location / Maps Property Acquisition Agreement September 11, 2007 - Kingsman Resources Inc. (TSXv: KSM) ("Kingsman") has optioned a 100% working interest in the International Basin property located in the Purcell Mountains 35 kilometers south of Golden, British Columbia in the Slocan and Golden Miming Divisions. The claims which comprise 15 mineral tenures cover approximately 5980 hectares and straddle the divide between Bobbie Burns Creek on the east and Bennison Creek on the West. The claim area was once covered by numerous crown-granted mineral claims, and a significant amount of exploration and development work was recorded, mainly in the period between 1897 and 1927. Evidence of this work is still clearly present in the form of numerous pits, shafts, adits, access trails, and the remains of old exploration camps. From 1927 to the present, very little work was undertaken in the area, with the exception of a brief burst of activity in 1966. Interestingly, since 1966, air photo evidence shows a significant reduction in the extent of local glaciers, providing access to heretofore unexplored ground. The claims are underlain by undivided Proterozoic sedimentary rocks, and preliminary work by the claim owners has identified a mappable belt of pyrite-sericite schist. The schist appears to host much of the known mineralization on the property and it is apparently flanked by chlorite schist, which suggests that the protolith may include a volcanic component. Gold and silver mineralization on the property occurs primarily within base metalsulphide-bearing mesothermal quartz veins. Sulphides include galena, pyrite, sphalerite, tetrahedrite, chalcopyrite and arsenopyrite, and the quartz veins vary in thickness from greater than 3m to less than 15cm. In addition to discrete larger veins, recent prospecting has discovered an extensive zone of sheeted sulphide-bearing quartz veins, the full extent of which remains to be determined. Results of preliminary prospecting of the numerous veins on the property are pending, but samples were collected over an area of approximately 1400 metres by 400 metres. Consideration payable is $150,000 in cash, the issuance of 450,000 common shares and $1,000,000 in exploration expenditures to be incurred before September 30, 2011. A further 200,000 shares are payable upon completion of a bankable feasibility study. Payments for the first year call for $20,000 cash, 90,000 common shares and $150,000 in work expenditures. Charles Greig, P.Geo., a qualified person, supervised the preparation of the technical information in this release, and will be managing the proposed work program. The acquisition is subject to Kingsman receiving regulatory approval for the transaction. About Kingsman Resources Inc. Kingsman Resources Inc. is an exploration and development company with a particular focus on gold, silver, molybdenum and copper. Kingsman Resources trades on the TSX Venture Exchange under the symbol "KSM". For further information on Kingsman Resources Inc, visit the corporate website at http://www.kingsmanresources.com, or contact Ted Drummond at (778) 386-1723. On Behalf of the Board of Directors KINGSMAN RESOURCES INC. "Robert McLaughlin" Robert McLaughlin Director # Channel Samples Assays # Grab Samples Assessment Report 1884 - 2008 History 1927 HAGGEN FILE, 56 PAGES CAN BE VIEWED ON MINFILES UNDER AUTHOR HAGGEN International Basin Photos International Basin Slide Show International Basin News Previous. All pages. Next. Page 1. Page 2 Previous. All pages. Next. Page 1. Page 2 | |  | |
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