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Jun 19, 2007
Kingsman Resources Inc. Acquires Luxor Moly Property
June 19, 2007 - Kingsman Resources Inc. (TSXv: KSM) ("Kingsman") has optioned a 100% working interest in the Luxor Molybdenum property located 28 kilometers northeast of Barriere, British Columbia in the Kamloops Mining Division. The property consists of 7 mineral tenures totaling 2,260 hectares, and is easily accessible by well-maintained logging roads.
The Luxor Property contains widespread molybdenum mineralization hosted within a quartz monzonite phase of the Cretaceous Baldy Batholith. Additionally, several creeks on the property are strongly anomalous in molybdenum. The main mineralized trend extends for a minimum of 1.2 km in a northerly direction. In this trend, historical sampling returned values from 1.8% to 5% MoS2.
Approximately 1.4 km east of the main trend, a second parallel trend exists. This trend is defined by outcropping quartz monzonite, molybdenum-bearing float boulders, strong stream sediment geochemistry and a significant topographic lineament. The topographic lineament has a surface expression exceeding 5 km.
Greg Thomson, 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
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release.
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