Kingsman Resources Inc. - Luxor Molybdenum Property Fieldwork Yields Excellent Results

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[{"type":"text","content":"\n\n\n\nVANCOUVER, Nov. 10 /CNW/ - Kingsman Resources Inc. (TSXv: KSM)\n("Kingsman") is pleased to announce the results of soil geochemical and\ngeophysical (Magnetometer, Induced Polarization) surveys on its Luxor\nMolybdenum Property, located north of the town of Barriere and approximately\n80 kilometers north of Kamloops, in south-central B.C.\n\n\nThe soil geochemical work has outlined two sub-parallel north-south\nstriking Mo-in-soil anomalies which are greater than one kilometer long and\nwhich range in width between 100 and 400 meters. The western anomaly, which is\nbetter defined than the eastern anomaly because of greater sample density, is\ncharacterized by molybdenum values greater than 10 ppm and which range up to\n942 ppm Mo; most samples are yield molybdenum values greater than 25 ppm. The\nnorthern limit of the anomaly corresponds with the location of the Luxor "Main\nShowing," which has been the focus for previous work on the property. The\neastern anomaly, which is approximately 300 meters east of and upslope from\nthe western anomaly, is longer in strike length and remains open to the north,\nalthough it may be somewhat weaker in tenor. There is some suggestion that the\ntwo geochemical anomalies may be connected in the south. The soil geochemical\nanomalies correspond well with northerly trending lows outlined in the\nreconnaissance ground magnetometer survey on the property, and there is some\ncorrespondence between the western anomaly and a weak chargeability anomaly.\n\n\nMolybdenum mineralization at the Luxor property occurs within, or is\nassociated with, pegmatitic and aplitic veinlets and dykelets and as\nmedium-grained flakes and rosettes hosted by a high level granitic phase of\nthe Cretaceous Baldy batholith. Numerous molybdenite showings and occurrences\nwere identified in previous work on widely separated parts of the property but\nlittle systematic exploration work was undertaken across much of it. The Luxor\nproperty totals 95 square kilometres, and is located less than 35 km southeast\nof Newmac Resources Inc.'s Crazy Fox property, where intersections of up to\n0.25% Mo across 72 meters have recently been reported.\n\n\nIn November of 2007, 722 metres of core were drilled in four holes which\ntargeted the Luxor "Main Showing" as well as mineralization exposed locall...

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