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Kingman Minerals Wins ADWR Approval, Mobilizes Phase III Drilling at Mohave Project

Story Highlights
  • Kingman Minerals obtained Arizona approval to drill seven Phase III holes at its 100%-owned Mohave gold-silver project and will start drilling around February 25, 2026.
  • The Phase III program uses 3D magnetic modeling to test Southwick vein continuity and refine targets, potentially advancing Kingman’s resource understanding and project momentum.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kingman Minerals Wins ADWR Approval, Mobilizes Phase III Drilling at Mohave Project

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CDN Maverick Capital ( (TSE:CDN) ) has shared an update.

Kingman Minerals has secured approval from the Arizona Department of Water Resources to drill seven exploration holes for Phase III at its 100%-owned Mohave Project, targeting the Southwick gold-silver vein corridor beyond the historic Rosebud Mine. The company has engaged Altar Drilling to mobilize to site with drilling scheduled to begin around February 25, 2026.

The Phase III program is guided by a recently completed 3D Magnetic Vector Inversion model and structural interpretation, aiming to test vein continuity and refine additional targets through parallel mapping and sampling. The work, overseen by a qualified person under NI 43-101 standards, is a key step in advancing the Mohave Project and could meaningfully influence Kingman’s resource understanding and exploration momentum in a historically productive gold-silver district.

The most recent analyst rating on (TSE:CDN) stock is a Sell with a C$0.25 price target. To see the full list of analyst forecasts on CDN Maverick Capital stock, see the TSE:CDN Stock Forecast page.

Spark’s Take on TSE:CDN Stock

According to Spark, TipRanks’ AI Analyst, TSE:CDN 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:CDN stock, click here.

More about CDN Maverick Capital

Kingman Minerals Ltd. is a publicly traded North American precious metals exploration and development company focused on high-grade gold and silver. Its flagship asset is the fully owned historic Rosebud Mine in the Music Mountains of Mohave County, Arizona, which includes a 400-foot main shaft and roughly 2,500 feet of historical underground workings dating back to the late 1920s and 1930s.

Average Trading Volume: 19,832

Technical Sentiment Signal: Sell

Current Market Cap: C$4.1M

For detailed information about CDN stock, go to TipRanks’ Stock Analysis page.

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