hinchback
14 years ago
NEWS!!! SH Update--Drill Program Completed on Luxor Moly Property
November 29, 2010 - Kingsman Resources Inc. has completed their drill program on their Luxor Molybdenum Project near Barriere, British Columbia. 7 NQ-sized diamond drill holes for a total of 1066 metres were completed. All core has been logged and sampled. All samples have been shipped to Eco Tech Laboratory Ltd. (Stewart Group), in Kamloops for analysis.
Results will be announced once all analyses have been received.
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”. For further information on Kingsman Resources Inc, visit the corporate website at http://www.kingsmanresources.com, or contact Ted Drummond at (604) 926-4062.
hinchback
14 years ago
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.
...continued on page 6
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.
hinchback
14 years ago
nice whirly! welcome aboard! KSM will explode soon
check this chart: float gone and Moly news coming
http://stockcharts.com/h-sc/ui?s=KSM.V
http://www.kingsmanresources.com/s/IBPhotos.asp
Kingsman Resources Inc.: Drilling to Commence on Luxor Moly Property
10/8/2010 7:50:47 PM - Market Wire
VANCOUVER, BRITISH COLUMBIA, Oct 8, 2010 (Marketwire via COMTEX News Network) --
Kingsman Resources Inc. (TSX VENTURE:KSM) 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.
----------------------------------------------------------------------- Mo Mo Mo MoTag # ppm % Tag # ppm %-------------------------------- ---------------------------------------------------------------------- --------------------------------------WP5 212.00 WBM10 346.60WP7 LUXOR 1011.00 0.101 WBM11 822.20 0.081WP13 LUXOR 610.20 0.059 WBM16 1833.00 0.185WP36 LUXOR 9.34 WBM17 1036.00 0.103WP37 43.54 WBM18 464.10WP38 LUXOR 8.92 WBMK1 greater than 0.210 2000WP45 113.40 LXSK1 A 1463.00 0.148WBM1 117.60 LXSK1 B greater than 0.221 2000WBM2 greater 0.258 LXSK2 927.00 0.091 than 2000WBM3 1259.00 0.128 LXSK3 A greater than 0.278 2000WBM5 618.10 0.063 LXKS3 B 1053.00 0.109WBM6 307.50 LXSK4 827.00 0.083WBM8 200.10-----------------------------------------------------------------------
Significant values including 0.278% Mo and 0.258% Mo were obtained from selected samples. Prospecting results confirm and enhance the molybdenite occurrences discovered during trail construction. Exploration evidence at Luxor now points to a mineralizing system that is 2.2km east-west by 1.5km north-south. This is supported by rock geochemistry, biogeochemistry, stream sediment geochemistry, and drilling.
Bernhardt Augsten, P.Geo., a qualified person, has reviewed the technical information in this news release and will be managing the proposed work program.
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". For further information on Kingsman Resources Inc, visit the corporate website at http://www.kingsmanresources.com.
drluck
14 years ago
Kingsman Resources Inc. (KSM) As of November 14th, 2010
Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Nov 08/10 Nov 04/10 Drummond, Edward Jack Direct Ownership Common Shares 10 - Acquisition in the public market 30,000 $0.125
Nov 08/10 Nov 03/10 Drummond, Edward Jack Direct Ownership Common Shares 10 - Acquisition in the public market 10,000 $0.135
Nov 08/10 Nov 03/10 Drummond, Edward Jack Direct Ownership Common Shares 10 - Acquisition in the public market 15,000 $0.150
Nov 08/10 Nov 02/10 Drummond, Edward Jack Direct Ownership Common Shares 10 - Acquisition in the public market 12,500 $0.135
Nov 08/10 Nov 02/10 Drummond, Edward Jack Direct Ownership Common Shares 10 - Disposition in the public market -40,000 $0.150
Nov 08/10 Nov 02/10 Drummond, Edward Jack Direct Ownership Common Shares 10 - Disposition in the public market -13,000 $0.145
Nov 08/10 Nov 02/10 Drummond, Edward Jack Direct Ownership Common Shares 10 - Disposition in the public market -25,000 $0.140
Nov 03/10 Nov 01/10 Drummond, Edward Jack Direct Ownership Common Shares 10 - Disposition in the public market -25,000 $0.135
Nov 03/10 Nov 01/10 Drummond, Edward Jack Direct Ownership Common Shares 10 - Disposition in the public market -50,000 $0.130
Nov 03/10 Oct 29/10 Drummond, Edward Jack Direct Ownership Common Shares 10 - Acquisition in the public market 24,500 $0.120
- Amended Filing
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