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Last Post: 9/12/2011 7:42:34 PM - Followers: 2 - Board type: Free - Posts Today: 0

Kingsman Resources Inc.: Drilling to Commence on Luxor Moly Property

October 8, 2010 - Kingsman Resources Inc. is pleased to announce the start of a diamond drill program on their Luxor Molybdenum Project, located 27 kilometers northeast of Barriere, British Columbia. The diamond drill program should begin on or about October 15th. R.J. Beaupre Drilling Ltd. will carry out the drilling.

An initial program of approximately 1000 metres of NQ core is planned with possible expansion to 2000 metres. This drill program will test recently exposed molybdenum bearing altered granitic outcrops discovered during trail construction. Molybdenite was found to occur as fine disseminated grains within the intrusive rocks and importantly within quartz veins with pyrite. Coarse aggregates of molybdenite are seen both as selvages to and within quartz veins. Selected samples of quartz vein material returned up to 2.59% Mo. These exposures occur within a cohesive soil geochemical anomaly measuring approximately 1 kilometre long by 450 metres wide.

In November, 2007, Kingsman undertook a small diamond drill program on the Luxor property. Four short holes were completed. Significant results included 3 metres of 925ppm Mo (.0925% Mo), 6 metres of 420ppm (0.042% Mo) in LX07-0 1.3 metres of 676ppm Mo(0.0676% Mo) and 6 metres of 301ppm Mo (0.0301% Mo) in LX07-02. These holes were drilled approximately 600 meters north of the current planned program.

Recently Kingsman commissioned professional prospectors to investigate the area in and around the newly discovered mineralized road outcrops. Molybdenite-bearing outcrops were discovered over an area of approximately 1.3 kilometres by 0.9 kilometres. 25 rocks samples were collected. Molybdenite was found to occur in quartz veinlets, quartz stockworks, fractures, rosettes and disseminations within altered granitic hosts.



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On July 30th, 2010 Ted Drummond, COO and Robert McLaughlin, President and CEO of Kingsman Resources Inc. (TSX VENTURE: KSM) ("Kingsman") welcomed Mayor Mike Fennell of Barriere B.C., Bob Hayward of the Star Journal news paper, Ellsworth Dickson, Editor of Resource World Magazine, CBC Editor Jackie Sharkey and Bruce Madu, Senior Regional Geologist from Mines, Kamloops Region, for a review of progress at the Luxor Moly Property located north of the town of Barriere B.C. and approximately 80 kilometres north of Kamloops, in south-central B.C.

BC Minister of Energy and Mines Bruce Madu visiting LUXOR Moly Property


http://www.empr.gov.bc.ca/Mining/Geoscience/Staff/Pages/brucemadu.aspx

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 200  LUXOR MOLY PROPERTY PHOTOS  ---  http://www.kingsmanresources.com/s/LuxPhotos.asp?numCols=3&page=1



Geological support for the day was by Bernie Augsten P. Geo, Dr. Robert Thompson P. Eng, and Dr. Renee Hetherington, Environment.

Prior visits were made by Boris Karpoff, P. Eng, former mine geologist and general mine superintendent for the Sullivan Group, and Ed Kimura former Placer Dome Exploration Manager and Senior Geologist at the Endako Moly Mine for 16 years.



Kingsman Resources Inc. has granted a total of 1,330,000 incentive stock options. Subject to the approval of the TSX Venture Exchange, each stock option is exercisable into one common share of the company at a price of ten cents per share for a period of five years. Of the options being granted, a total of 720,000 are being granted to directors and officers of the company.

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 focus on gold, silver, molybdenum, tellurium and copper. Kingsman Resources trades on the TSX Venture Exchange under the symbol "KSM".

 

 

 

 
On Behalf of the Board of Directors

KINGSMAN RESOURCES INC.

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.

Contacts: Kingsman Resources Inc. Ted Drummond (604) 926-4062 www.kingsmanresources.com

SOURCE: Kingsman Resources Inc.

http://www.kingsmanresources.com


Copyright 2010 Marketwire, Inc., All rights reserved.

 

 

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PostSubject
#56   there is always a risk but potential is hinchback 09/12/11 07:42:34 PM
#55   I don't own enough shares to bother selling whirly 09/12/11 07:39:08 PM
#53   You still in this? Volume record today and whirly 09/12/11 02:37:44 PM
#52   When is this thing gonna recover?? whirly 01/13/11 12:40:01 AM
#51   I hope 1000 other people do the same! whirly 12/16/10 09:43:01 AM
#50   I am going to buy 35k shares tomorrow hinchback 12/15/10 08:45:46 PM
#49   delay in news..DD still great whirly..patience pay hinchback 12/09/10 09:54:17 PM
#48   I wish I had waited to buy today. whirly 12/06/10 10:11:10 AM
#47   Iam a buyer tomorrow at this prices is hulkstocks 11/30/10 06:45:29 PM
#46   and MMs want cheap shares at bid hinchback 11/30/10 10:40:05 AM
#45   No volume. Guess people are waiting for results whirly 11/30/10 10:34:22 AM
#44   NEWS!!! SH Update--Drill Program Completed on Luxor Moly Property hinchback 11/29/10 02:33:45 PM
#43   New out this week, time to pick up more. drluck 11/28/10 06:43:48 PM
#42   News out in few days . Target 0.30 c drluck 11/24/10 10:34:48 PM
#41   Soon is going to be good news hulkstocks 11/24/10 01:40:43 PM
#40   BC Minister of Energy and Mines Bruce Madu drluck 11/24/10 12:52:19 PM
#39   Thats rigth dont give up people, hold up hulkstocks 11/24/10 07:00:23 AM
#38   Annoted chart http://investorshub.advfn.com/boards/read_msg.aspx?message_id=569 drluck 11/24/10 05:47:54 AM
#37   Assays results in few days . Cannacord retreat drluck 11/24/10 05:43:19 AM
#36   Needs some volume to pour in whirly 11/23/10 10:39:31 PM
#35   Last chance to pick up under 0.15, news hulkstocks 11/23/10 08:03:43 PM
#34   UP 12% drluck 11/23/10 06:58:25 PM
#33   I am a buyer today last chance to hulkstocks 11/23/10 07:50:18 AM
#32   Assays results in few days . drluck 11/22/10 08:17:33 PM
#31   Thats right men time to buy dont give hulkstocks 11/22/10 07:31:32 PM
#29   Not the run people were expecting but it whirly 11/22/10 03:01:46 PM
#28   thats right men. Time to buy very cheap hulkstocks 11/22/10 01:22:50 PM
#27   HULK this week assays results , HOLD Strong drluck 11/22/10 10:17:06 AM
#26   Today big day. No stocks on sale hold hulkstocks 11/22/10 07:53:20 AM
#25   http://www.kingsmanresources.com/i/pdf/LX_BC_Map.pdf drluck 11/22/10 12:37:42 AM
#24   I am going to hold up to 0.50 hulkstocks 11/21/10 10:31:59 PM
#23   I am in with 100,000 shares planning to hulkstocks 11/21/10 05:37:53 PM
#22   agree whirly...Kingsman is a GEM...i think isn`t too hinchback 11/21/10 01:18:22 PM
#21   i think under 0.15$ its cheap , remember drluck 11/21/10 12:59:19 PM
#20   Lots of good stuff being said about this whirly 11/21/10 12:57:37 PM
#19   Last FRIDAY Historic Volume RECORD ! drluck 11/21/10 12:47:58 PM
#18   one more read...check last part hinchback 11/21/10 12:11:11 PM
#17   another nice read about KSM.V hinchback 11/21/10 12:09:32 PM
#16   Better buy more before the storm ! Welcome aboard drluck 11/21/10 01:44:44 AM
#15   nice whirly! welcome aboard! KSM will explode soon hinchback 11/20/10 08:22:23 PM
#14   Ksm.v not only great chart , amazing molybdenum drluck 11/20/10 07:58:28 PM
#13   http://agoracom.com/ir/StockSynergy/forums/discussion/topics/452331-ryan-here-s- drluck 11/20/10 07:32:29 PM
#12   report is looking good what a great Magazine drluck 11/19/10 06:32:36 AM
#11   http://www.kingsmanresources.com/s/IBPhotos.asp drluck 11/19/10 06:30:24 AM
#10   http://www.kingsmanresources.com/s/IBPhotos.asp drluck 11/19/10 06:30:15 AM
#9   http://www.stockscores.com/quickreport.asp?ticker=v.ksm&x=16&y=8 drluck 11/19/10 06:29:26 AM
#8   http://goldstocktrades.com/blog/tag/best-molybdenum-stocks/ drluck 11/19/10 06:28:58 AM
#7   This IR trying to manipulate the stock prize drluck 11/15/10 08:19:11 PM
#6   Kingsman Resources Inc. (KSM) As of November 14th, drluck 11/15/10 08:17:04 PM
#5   I have a few shares of this one whirly 11/10/10 03:31:41 PM
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