another nice read about KSM.V
Moly mine shows promising future
A geologist points out the molybdenum (moly) found at the Kingsman Resources Luxor Moly Property located 28 kilometers northeast of Barriere during a company show and tell on July 31.
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Published: August 09, 2010 5:00 AM
On July 26, 2010, when the fire risk for the Lower North Thompson Valley went to a 5 rating for three days Kingsman Resources stopped operations at their Luxor Molybdenite Property. As a result of the stoppage the company decided to hold a show and tell on Friday, July 30, inviting a number of key players, media, and area representatives.
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As a result, attendees came from as far away as Vancouver and Kelowna to take part in the tour, and to hear about the mine.
Kingsman Resources Inc. is an exploration and development company with a particular focus on gold, copper, silver, lead, zinc, and molybdenum deposits with a potential for economic grades and large tonnages. The company owns the Luxor Moly Property located 28 kilometers northeast of Barriere.
The Luxor property is easily accessed by a network of good paved and gravel roads to Harper Creek, which empties into the west end of North Barriere Lake. The Luxor property consists of seven mineral claims totaling 2260.3 hectares in total area. The mineral claims occupy the steep west-facing slope along the east bank of Harper Creek. A flat plateau area, approximately one kilometer wide is found along the east side of the mineral property. Road access is present along the west side of the property along Harper Creek and also along the east side of the plateau area at the upper elevations of the eastern side of the Luxor property. Elevations on the property vary between 850m (asl) along Harper Creek to approximately 1700m throughout the plateau area of the property.
On the day of the show and tell, those transported to the site by Kingsman Resources were impressed by the steep road that had been carved out of solid rock to access the drilling sites. The roadwork had been built by local contractor Darryl Fennell.
Kingsman reps stated that it was their intention to hire local people on the project, and this policy had proven satisfactory. They note workers from outside the area have been turned down on job opportunities as the company adheres to this policy.
Kingsman Resources reps on site were Bob McLaughlin - president, Ralph Bellefleur - accountant, and Ted Drummond - CEO. Included in the attendees were; District of Barriere Mayor Mike Fennell, and Sam Phillips representing Simpcw First Nation.
There were also a number of other guests including geologists, engineers and media.
The Luxor property is entirely underlain by quartz monzonites or granodiorites belonging to the Cretaceous age Baldy Batholith.
The area of the Luxor property has seen sporadic exploration programs carried out throughout the 1960’s, 1970, 1971, 1980 and 1981. The majority of this work has consisted of several small-scale geochemical soil sampling programs, sporadic rock sampling, prospecting and geological mapping. A program of 10 diamond drill holes totaling 4,750 feet were drilled in 1966, but no results were ever reported.
Soil geochemical work undertaken by Kingsman in the 2008 field season outlined two sub-parallel north-south striking Mo-in-soil anomalies that are greater than one kilometer long and which range in width between 100 and 400 meters.
The newly constructed road facilitates thorough evaluations and allows for drill-testing.
The Luxor property totals 95 square kilometers, and is located less than 35 km southeast of Newmac Resources Inc.’s Crazy Fox property, where intersections of up to 0.25 per cent Mo across 72 meters have recently been reported.
Kingsman’s target for the Luxor property is that of a bulk-tonnage porphyry molybdenum deposit.
Molybdenum is used mainly as a component of alloyed steel. A silvery white metal with an atomic number of 42, molybdenum is solid at room temperature, has an atomic mass of 95.94, and appears in the periodic table of elements under the chemical symbol of “Mo”.
They also spoke about the benefits to the local economy such as the town of Barriere which has already experienced commerce due to extended room stays and meals for their workers.
Kingsman’s CEO Ted Drummond said, “I think everybody had a good time, and hopefully got a better understanding of Kingsman’s best intentions for the communities of the North Thompson.”
More information about Kingsman Resources and the Luxor property can be found by going to www.kingsmanresources.com.
