VANCOUVER, Dec. 14 /CNW/ - Kingsman Resources Inc. (TSXv: KSM) ("Kingsman") has begun a winter diamond drill program on the company's Snowshoe property. Drilling will test electromagnetic and magnetic anomalies resulting from last year's helicopter-borne survey by Aeroquest Ltd.
Several AeroTEM II conductors were identified by the Aeroquest survey. All of these conductors are new targets in unexplored parts of the property with minimal or no outcrop. One of the anomalies is situated only one kilometre west of the Phoenix open pit mine, from which over one million ounces of gold and 540 million pounds of copper were historically produced. A second AeroTEM II anomaly is located 2.1 kilometres west of the Phoenix pit. Both of the conductors exceed 200 metres in strike length, and trend northward, parallel to the trend of the Phoenix orebody. Both these targets will be drill tested. Several other electromagnetic anomalies in the southern part of the property will also be drilled.
The airborne survey was also successful in identifying two linear mag-low features in a similarly untested part of the property. Numerous small, but high-grade, quartz veins occur nearby, none of which have been the subject of any recent exploration. One of these nearby veins, the EPU vein, had historical production of 571 tonnes at an average grade of 78.1 grams per tonne Au (2.3 ounces per ton) and 402 g/t Ag (11.7 ounces per ton Ag). A second nearby vein, the Bay vein has past-production of 447 tonnes at a grade of 38.0 g/t Au (1.1 ounces per ton Au) and 32.4 g/t Ag (0.95 ounce per ton Ag). The presence of Au-Ag tellurides in these veins and an abundance of Eocene dikes, suggest that the mag-low anomalies could be related to alteration along Eocene structures. The mag-low targets both exceed 600 metres in strike length, and the eastern anomaly continues on-strike to the southeast for over 2.5 kilometres. These targets will also be drill tested.
Approximately 3000 meters of drilling in 17 holes is planned. Drilling is being done by Beaupre Diamond Drilling of Princeton, B.C. Independent consulting geologist Linda Caron, M.Sc, P.Eng., is the qualified person responsible for the drill program.
About Kingsman Resources Inc.
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Kingsman Resources Inc. is an exploration and development company with a particular focus on gold, silver and copper. Detailed information on the Snowshoe Property may be viewed in the company's public disclosure on SEDAR. Kingsman Resources Inc. trades on the TSX Venture Exchange under the symbol "KSM". For further information on Kingsman Resources Inc. and the Snowshoe Property, visit the corporate website at http://www.kingsmanresources.com, or contact investor relations at (778) 386-1723.
On Behalf of the Board of Directors
KINGSMAN RESOURCES INC.
"Robert McLaughlin"
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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.