International Basin Property Prospecting Returns Grab Samples up to 0.971 oz./ton Gold and 63.9 oz./ton Silver



    VANCOUVER, Oct. 23 /CNW/ - Kingsman Resources Inc. (TSXv: KSM)
("Kingsman") is pleased to announce the results of further prospecting on its
International Basin Project, located 35 kilometers south of Golden, British
Columbia. As reported previously (see News Releases dated November 7, 2007 and
December 12, 2007), the property overlies several old crown granted mineral
claims with numerous old workings, including pits, shafts, and adits, and two
preliminary prospecting programs conducted in 2007 yielded promising gold,
silver, and base metals values from polymetallic quartz-Fe carbonate veins.
    In mid-August, a crew of nine spent several days on the property, and the
work included prospecting (approximately 130 rock samples), soil and stream
sediment geochemical sampling (213 and 72 samples, respectively), and geologic
mapping.
    Samples from the most recent program yielding the highest gold and silver
values (ranging up to 0.971 oz./ton gold and 63.9 oz./ton silver; samples
SKIB8R037-039; see table below for the more significant results, which mainly
represent character or "grab" samples), were collected from decimeter- to
meter-scale quartz-Fe carbonate veins only locally exposed in several old
exploration pits. There the veins contain sulphides, principally galena and
sphalerite, and sulphosalts (tetrahedrite) that are interpreted to have
infilled around well-formed quartz crystals which grew in open spaces within
the veins. The veins themselves were emplaced, possibly in the late stages of
regional deformation, along the axial planar cleavage of the controlling
structure on the property, which is moderately northwesterly-plunging
anticline.
    Another high-grade sample, E23251, yielded just over 2 oz./ton gold and
10 oz./ton silver. It was collected at a lower elevation approximately 0.5 km
east of the main mineralized trend, and suggests the possibility of good
potential for higher-grade mineralization off of the main trend.

    
    Sample        Sample       Au      Au      Ag    Ag     Cu     Pb     Zn
    Number         Type       ppm  oz/ton     ppm  oz/ton  ppm    ppm    ppm

    SFIB8R007  chip, 10 cm  0.099  0.0029   240.0   7.00  5.01%  6.23%   654
    SFIB8R008  chip, 10 cm  0.096  0.0028     9.5         1885    825  60.40%
    SFIB8R009  chip, 40 cm  0.084  0.0025   215.0   6.27 10.70%  2.44%  4640
    SFIB8R010  float        0.009  0.0003     1.3         1.25%  3.85   4.17%
    SKIB8R010  grab         7.310  0.2130     8.2         2.35%   773    377
    SKIB8R011  grab         1.725  0.0503    61.4          165   3.72%   140
    SKIB8R015  grab         0.159  0.0046   219.0   6.39  7.02%  7.91%  5.43%
    SKIB8R023  grab         6.320  0.1845   166.0   4.84  1650  10.35%  2700
    SKIB8R024  float        3.330  0.0971   230.0   6.71  9730   4.11%  4140
    SKIB8R027  grab         2.840  0.0828   147.0   4.29  7590   3.98%  1490
    SKIB8R028  grab        12.000  0.3500  1170.0  34.10  1.15% 50.90%  1365
    SKIB8R029  float        1.020  0.0298    16.2          431   3400    183
    SKIB8R030  grab         0.258  0.0075   138.0   4.03  6260   4.90%  2000
    SKIB8R035  grab         1.670  0.0487   263.0   7.67  2.40% 10.50%  7520
    SKIB8R036  grab        19.100  0.5570   855.0  24.90  2.90   4.48%   8.7%
    SKIB8R037  grab        33.300  0.9710 (greater 63.90  9.90%  4620   29.7%
                                           than)
                                             1500
    SKIB8R038  grab        15.300  0.4460   403.0  11.75  8450   2.15%   7.6%
    SKIB08R39  grab         0.040  0.0012   168.0   4.90  2680   7.19%   129
    SKIB08R40  grab         0.064  0.0019   274.0   7.99  4.17%  6.07%   944
    SKIB08R41  grab         0.124  0.0036   123.0   3.59  3900   3.76%   110
    SKIB08R42  grab         0.173  0.0050    58.2   1.70  3390   2.06%  2600
    SKIB08R43  grab         0.098  0.0029   741.0  21.60  3.72% 25.89%  2810
    SKIB08R44  composite
                grab        0.489  0.0143   207.0   6.04  3110   3.25%  1350
    SKIB08R47  grab         0.451  0.0132   620.0  18.10   680  38.07%  1105
    SKIB08R48  grab         7.410  0.2160   395.0  11.50  8590   6600   2.92%
    SKIB08R49  grab         1.370  0.0400  1020.0  29.80  2540  55.18%  6070
    SKIB08R50  grab         9.110  0.2660   552.0  16.10  1.97% 15.95%  5.76%
    SKIB08R51  grab         0.797  0.0233  1130.0  33.00  4890  62.05%  2610
    SKIB08R52  grab         2.070  0.0604   546.0  15.95  4320  27.62%  1310
    SKIB08R53  grab         3.310  0.0965   408.0  11.90  5910   13.5%  1960
    SKIB08R54  grab         2.330  0.0680   287.0   8.37  6320   5.22%  1255
    SKIB08R55  grab         1.445  0.0421   274.0   7.99   509  17.85%   245
    SKIB08R56  grab         3.240  0.0946   532.0  15.50  4790  15.65%  2290
    SKIB08R58  grab         0.100  0.0029   365.0  10.65   747  18.15%   566
    SKIB08R59  grab         0.512  0.0149   560.0  16.35   255  35.48%    68
    SKIB08R60  grab         3.770  0.1100   860.0  25.10  5720  30.89%   729
    SKIB08R61  grab         0.163  0.0048   430.0  12.55    69  20.96%    76
    SKIB08R62  grab         4.390  0.1280   341.0   9.95  1.13%  3450   1635
    CGIB8R001  grab-chip    2.250  0.0656   303.0   8.84  1.16%  1100   2.86%
    CGIB8R012  chip, 25 cm  0.513  0.0150     0.7           30    433    311
    CGIB8R013  chip, 25 cm  0.926  0.0270     5.1          533   2170   4810
    CGIB8R033  chip, 50 cm  0.666  0.0194    43.2         1570    675    288
    CGIB8R034  chip, 15 cm  4.820  0.1405    44.1          259   2.18%   576
    CGIB8R035  chip, 15 cm  1.660  0.0484   126.0   3.68  1040   2.61%  1710
    E23251     grab        72.000  2.1000   380.0  11.10  2.51%  1.66%  5590
    G08859     grab         4.250  0.1240   176.0   5.13   267  13.85%   118
    SCIB08-16  grab         0.445  0.0130    39.6         8870   8590   2120
    SCIB08-17  grab         5.360  0.1565    51.7         5280   1.96%  5140
    

    In the present program, the scope of prospecting was expanded from a
relatively restricted area on the north side of Bobbie Burns Creek across to
the south side of the creek, where aerial reconnaissance in 2007 had
identified numerous quartz veins in an area that was previously ice-covered.
The most recent work confirmed that mineralized veins definitely do occur in
that area, including samples from separate quartz-Fe carbonate veins which
yielded 0.213 and 0.157 oz./ton gold, and a grab-chip sample from a sheeted
quartz vein system with little obvious sulphide mineralization that yielded
0.0656 oz./ton gold and 8.84 oz./ton silver. In addition to the prospecting,
stream sediment geochemical sampling was completed from streams and seeps
draining into the headwaters of Bobbie Burns Creek, and several soil contour
lines were run on the north side of the creek, downslope from most of the old
workings where there is less bedrock exposure. The stream sediment and soil
geochemical sampling clearly highlighted the areas focused on by previous
workers, and by Kingsman, but it also highlighted several areas farther to the
east and downslope, which have seen much less exploration attention.
    At International Basin, gold and silver occur within several different
styles of mainly extensional quartz-Fe carbonate veins with widths ranging to
up to several meters. Precious metals values also occur very locally within
sericite-Fe cb-pyrite altered wallrocks to the veins. Sheeted quartz veins and
quartz sringer vein systems and stockworks are present locally as well. Veins
vary in width up to three metres, although most well-mineralized veins are
narrower. Strike lengths of the veins range up to at least 100 metres, but
most well-mineralized sections of veins observed to date are much less
continuous. The higher precious metals values appear to occur in
decimeter-thick quartz-Fe carbonate veins and are clearly associated with the
presence of sulphides (galena, pyrite, and sphalerite with lesser chalcopyrite
and arsenopyrite) and, in particular, with sulphosalts (tetrahedrite). The
copper oxides malachite and azurite are also observed locally, and most
typically appear to mark the presence of tetrahedrite in the veins.
    Most well-mineralized veins occur within a northwest-trending structural
corridor which stretches at least 3.5 km, from south of Bobbie Burns Creek to
Bennison Creek. It is marked by variably and locally intensely altered
(quartz, sericite, Fe carbonate, and pyrite) clastic sedimentary rocks and
coincides with the axis of an anticlinal fold system. In that structural
context, the well-mineralized veins appear to be preferentially developed near
the upper contacts of coarsening-upward turbiditic sequences of fine- to
coarse-grained quartz arenite that are interbedded locally with quartz and
chert pebble conglomerate (grits). The immediately overlying rocks are
typically very fine-grained and commonly intensely altered, and it is probable
that they acted either as a relatively impermeable barrier to the rising
hydrothermal fluids from which the mineralized veins were deposited, or were
less competent than the coarser-grained rocks and did not develop open space
during development of the vein systems.
    A four-day follow-up program with a still larger crew was completed in
mid-September. It focused largely on channel-sampling veins and nearby
wallrock considered to have the greatest exploration potential, although
additional prospecting and in-fill soil geochemical sampling was also
undertaken. Results will be presented after they have been received, compiled
and interpreted.
    Charles J. Greig, M.Sc., P.Geo., a qualified person, supervised the
fieldwork and the preparation of the technical information in this release.

    
    About Kingsman Resources Inc.
    -----------------------------

    Kingsman Resources Inc. is an exploration and development company with a
focus on gold, silver, molybdenum and copper. Kingsman Resources trades on the
TSX Venture Exchange under the symbol "KSM".

    On Behalf of the Board of Directors
    KINGSMAN RE

SOURCES INC. "Robert McLaughlin" ------------------- 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.

For further information:

For further information: on Kingsman Resources Inc, visit the corporate
website at http://www.kingsmanresources.com, or contact Ted Drummond at (604)
926-4062

Organization Profile

KINGSMAN RESOURCES INC.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890