Kingsman Resources Inc. - Excellent grades across significant widths returned in Pathfinder trenching



    VANCOUVER, July 14 /CNW/ - Kingsman Resources Inc. announces the results
of a recent excavator trenching program on its 6,204 hectare Pathfinder
property, located 20 kilometres north of Grand Forks, British Columbia. The
property is located in the Boundary Mining District, a well-mineralized area
with a long history of mining which straddles the Canada-USA border. The
district has produced in excess of 7.5 million ounces of gold from a number of
well-known camps and properties, including the Republic, Phoenix, and Rossland
camps.
    The company excavated a total of 452 metres in 13 trenches, and collected
a total of 258 channel samples, which averaged 1.3 metres in length. Trenching
focused on two targets, Pathfinder and Diamond Hitch, with eleven trenches
(TRPF08-1 thru TRPF08-11, see Tables I and II) completed at Pathfinder, and
two (TRPF08-12 and 13, see also Tables I and II) at Diamond Hitch.
    At Pathfinder, the trenches were excavated along a zone, or zones, which
trend roughly east-southeast and which extend along strike for a minimum of
300 metres. Trenching revealed several areas of massive to semi-massive
replacement-style sulphides, as well as abundant heavily disseminated,
disseminated and fracture-controlled sulphide mineralization across broad
areas in what is a Au-Cu skarn setting. Sulphides consist primarily of
pyrrhotite, pyrite and lesser chalcopyrite. Locally coarse grained molybdenite
was also observed. The massive to semi-massive sulphide bodies vary in size up
to several metres or more across strike, and up to tens of metres along
strike, and are generally hosted by finer-grained metasedimentary and
metavolcanic rocks, near contacts with irregular granodiorite intrusions. In
one area (TRPF08-7), massive sulphide lenses appear to occur within intrusive
rocks, in what is interpreted as an endoskarn environment. The massive and
semi-massive sulphides at Pathfinder are typically enveloped by, and grade
into, disseminated and fracture-controlled styles of mineralization.
Better-grade gold values occur within both the more massive sulphide bodies
and, significantly, within altered stratified rocks which contain only
disseminated and fracture controlled sulphides (e.g., Trench TRPF08-9, where a
continuous chip sample averaged 4.59 grams/tonne gold over 9.5 metres).
Mineralization there occurs primarily as disseminated sulphides, with lesser
fracture-controlled sulphides, but massive or semi-massive sulphides do not
occur in this interval. Historically, only massive sulphides were targeted at
the Pathfinder and Diamond Hitch workings, and so the relatively underexplored
and untested disseminated and fracture-controlled mineralization in a
skarn-style setting on the Pathfinder property represents an exciting and
compelling target for future exploration. This is particularly so given that
other large and rich skarn-type deposits are common in the Boundary district.
They include those in the Phoenix Camp, the Lamefoot deposit in the Republic
Camp, and the Buckhorn Mountain deposit (formerly Crown Jewel), a short
distance south of the border to the southwest of the Pathfinder property.

    
    Table I. - Trenching highlights

    TRENCH No.       LENGTH (m)        Au (g/t)        Ag (g/t)        Cu (%)

    TRPF08-2            14.4             1.87            2.20           0.06
    TRPF08-3             2.2             7.25           25.90           1.10
    TRPF08-5            11.7             5.30            9.10           0.29
    TRPF08-7             1.6            16.90            8.60           0.26
    TRPF08-9             9.5             4.59            0.80           0.04
    TRPF08-13            2.3             6.58            2.00           0.03


    Table II. - Significant intersections

    TRENCH No.       LENGTH (m)        Au (g/t)        Ag (g/t)      Cu (ppm)

    TRPF08-2             2.0             0.97            2.95           1142
                        14.4             1.87            2.20            625
    including            6.4             3.27            2.85            669
    including            1.4             7.20            3.30            308
                         1.3             3.40            2.30           1532
                         1.5             1.08            2.00            582
                         4.0             1.37            1.90            793
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    TRPF08-3             2.2             1.57            3.20            599
                         1.9             3.85           15.00           8783
                         2.2             7.25           25.90           1.10%
                         3.4             1.98            9.90           3551
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    TRPF08-4             1.2             1.48            5.90           2046
                         1.0             1.50            5.00           1503
                         1.3             1.39            2.70            414
                         2.2             1.75           19.00           5784
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    TRPF08-5            11.7             5.30            9.10           2881
    including            1.7             9.61           10.00           2356
    including            4.0             9.41           14.50           5675
    including            0.7            16.60           12.20           1674
    including            1.0            18.20            9.00           3860
    including            1.0            14.90           30.20           1.18%
                         3.0             2.13           13.90           4885
                         1.5             6.80            6.50           2179
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    TRPF08-6             2.5             4.34           19.10           1422
                         2.8             2.85           13.40           2371
                         0.7             5.40           25.80           2.03%
                         1.0             7.60            2.50            673
                         1.0             4.30           48.50           2124
                         2.3             2.49           35.20           7458
                         1.9             2.16           19.80           3983
                         1.5             1.17            5.60           1168
                         1.0             4.40           15.20           2556
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    TRPF08-7             3.0             1.26           13.50           5494
                         3.0             1.71           13.80           5736
                         2.0             3.89            8.10           2893
                         1.6            16.90            8.60           2558
                         0.7             7.40           59.70           2.49%
                         0.9             9.00           53.70           2.53%
                         1.5             1.10            7.60           2457
                         2.5             2.19           14.20           4972
                         1.1             5.30           20.10           6447
                         1.0             2.30           10.90           3423
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    TRPF08-9             9.5             4.59            0.80            382
                        19.8             0.76            1.40            658
                         3.1             3.63            0.70            383
                         8.0             1.47            1.30            254
                         9.2             2.22            1.47            665
    including            1.2             9.90            1.90            682
                         1.9             0.95            1.40            545
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    TRPF08-13            0.8             1.02            0.50            213
                         2.3             6.38            2.00            337
    

    Complete assay results along with a reference map of the trenches will be
available on the Company website.
    Based on the encouraging results, the company is planning further work,
which may include both ground and airborne geophysics, further trenching, and
diamond drilling.
    All samples were analyzed by Eco Tech laboratory Ltd. in Kamloops B.C.
utilizing ICP-MS and gold by fire assay fusion with an AA finish. Any copper
values greater than 10,000 ppm by ICP-MS were re-assayed by fire assay.
    Bernhardt Augsten, 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
particular focus on gold, silver, molybdenum and copper. Kingsman 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.

    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

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KINGSMAN RESOURCES INC.

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