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| | May 14, 2010
Drilling to commence on Luxor Moly Property
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| | May 14, 2010 - Ted Drummond, COO, is pleased to announce the commencement of exploration work on the Luxor molybdenum property, located 27 km northeast of Barriere, British Columbia.
This year's exploration program is focused on a previously defined molybdenum soil anomaly.
In 2008, soil geochemistry, ground magnetometer and Induced Polarization surveys were carried out on the Luxor property. 21 line kilometres of grid were surveyed and 1362 soil samples were collected.
The soil geochemical survey outlined two large north-trending zones of anomalous molybdenum. The main showing or western anomaly coincides closely with a well-developed magnetic low and weakly developed IP chargeability and resistivity highs. 222 soil samples yielded highly anomalous values exceeding 25 ppm Mo, including a high of 942 ppm Mo.
The western anomaly is a remarkably cohesive soil anomaly with approximate dimensions of 1kilometer long by 100 to 450 meters wide. This anomaly is the focus of the current exploration program.
The company is planning to construct a 1.8km exploration access trail which will transect the western soil anomaly. The purpose of the trail is two fold. Firstly, trail construction should expose some bedrock and potentially the source mineralization to the soil anomaly. Secondly, trail construction will provide access for drill sites to test the anomaly at depth.
A diamond drill program of up to 3000 meters is planned to follow.
Bernhardt Augsten, P.Geo., a qualified person, has reviewed the technical information in this news release.
About Kingsman Resources Inc.
Kingsman Resources Inc., is an exploration and development company with a particular focus on gold, silver, molybdenum and copper. Kingsman 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 (604) 926-4062.
On Behalf of the Board of Directors
KINGSMAN RESOURCES INC.
"Robert McLaughlin"
Robert McLaughlin
Director
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." |
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| | You can view the Next News Releases item: Fri Jul 16, 2010, Luxor Moly Trail Construction Nearing Completion
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