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| | Pathfinder Overview Location / Maps Property Acquisition Agreement July 31, 2007 - Kingsman Resources Inc. (TSXv: KSM) ("Kingsman") has optioned a 100% working interest in the Pathfinder property located 18 kilometers north of Grand Forks, British Columbia in the Boundary District. This 58-unit property, easily accessible by well-maintained logging roads, covers approximately 12 km² and occupies a moderate sloped ridge on the east side of the Grandby River. The property lies within the Phoenix-Boundary mining camp, which dates back to the late 1890's. Numerous precious and base metal deposits are found in the region. Since its discovery in the 1890's, numerous individuals and several junior mining companies have worked on the Pathfinder property, There are numerous old workings in the northern portion of the Pathfinder property. Three known mineral zones are known to occur on the mineral property referred to as Pathfinder, Diamond Hitch and Little Bertha. The Pathfinder and Diamond Hitch zones located approximately 1 kilometre apart consist of massive gold-bearing sulphides (mainly pyrite and pyrrhotite with some chalcopyrite) hosted in altered volcanic and sedimentary rocks. The Little Bertha zone lies about 1 kilometre northwest of the Pathfinder zone and consists of a northerly trending, gold-bearing mesothermal quartz vein(s), 1-2 metres in width hosted by intrusive rocks. Several shipments of ore totaling 1,230 tons were produced from the Pathfinder and Little Bertha deposits. Gold and silver, along with minor copper and lead were produced. Diamond drilling has been minimal on the Pathfinder property, mainly focused on the main workings of the Pathfinder zone. Thirteen short holes were drilled in 1985, containing multiple intersections (0.6 to 1.6 m) of gold (3.8 to 16.0 g/t Au), silver (5.7 to 43.9 g/t Ag) and copper (0.26% to 2.52% Cu). Later examination of this drill core demonstrated that the drill core was not adequately sampled with un-sampled sections containing up to 2.3 g/t Au with associated copper up to 0.5% Cu plus silver. Results to date indicate that mineralization at the Pathfinder zone is probably more extensive than previously recognized. Diamond drilling at the Diamond Hitch zone consisted of 7 short holes in 1983 and 1984, most drilled too shallow to reach the main mineral controlling structure. Drill hole 83-4 intersected massive pyrrhotite + pyrite at depth with a 0.7 m interval assaying 39.7 g/t Au, while a second interval assayed 3.4 g/t Au across 4 metres. This zone measures at least 60 metres wide by 200 metres long and is possibly structurally related to the Pathfinder zone to the northeast. Numerous other scattered showings are known on the property, some of which have returned favorable gold grades (to 73.1 g/t Au). Trenching done in 1987, approximately 100 metres southeast of the Pathfinder zone located a significant mineralized interval assaying 6.7 g/t Au across 5 metres. This zone is untested by drilling. Other geochemical and /or geophysical targets require further investigation utilizing trenching and diamond drilling exploration. The favorable regional setting of the Pathfinder property, including numerous zones of known mineralization with good gold grades as well as multiple unexplored and under-explored target areas combine to make the Pathfinder an attractive acquisition land package. 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. The Company also reports that it has dropped its option to acquire the Snowshoe Property. 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 # Holes # Assays Drilling NQ 43-101 Assessment Report 1896 - 2008 History Pathfinder Photos Pathfinder News | |  | |
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