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Kingman Minerals ( (TSE:KGS) ) has shared an announcement.
Kingman Minerals has completed a project-scale 3D magnetic vector inversion model for its Mohave gold-silver project in Arizona, outlining northwest-trending magnetic lineaments that closely align with mapped vein structures and historic Rosebud Mine workings. The new geophysical interpretation provides a clearer structural framework to guide exploration targeting along strike and at depth across the property.
The company has also engaged Tucson-based Altar Drilling to execute its Phase III, seven-hole HQ diamond drill program totaling about 815 metres, aimed at testing extensions of the Southwick vein corridor adjacent to the Rosebud Mine. With permits secured and only final water-use authorization pending, mobilization is set to begin shortly and drilling is expected to start around February 25, marking a key step in advancing Mohave and potentially enhancing Kingman’s project pipeline for investors.
The most recent analyst rating on (TSE:KGS) stock is a Hold with a C$0.13 price target. To see the full list of analyst forecasts on Kingman Minerals stock, see the TSE:KGS Stock Forecast page.
Spark’s Take on TSE:KGS Stock
According to Spark, TipRanks’ AI Analyst, TSE:KGS is a Neutral.
The score is primarily held back by weak financial performance (recurring losses and negative operating/free cash flow), with only partial offset from a low-debt balance sheet. Technicals are mixed-to-neutral, and valuation lacks support due to a negative P/E and no dividend.
To see Spark’s full report on TSE:KGS stock, click here.
More about Kingman Minerals
Kingman Minerals Ltd. is a Vancouver-based mineral exploration company focused on high-grade gold and silver, with its flagship Mohave Project in Arizona. The company targets structurally controlled vein systems and historic mine workings, seeking to expand resources and advance exploration in the U.S. Southwest precious metals sector.
Average Trading Volume: 84,341
Technical Sentiment Signal: Buy
Current Market Cap: C$5.35M
Find detailed analytics on KGS stock on TipRanks’ Stock Analysis page.