Kingsman Resources Inc.
TSX VENTURE : KSM

Kingsman Resources Inc.

July 14, 2008 09:01 ET

Kingsman Resources Inc.: Excellent Grades Across Significant Widths Returned in Pathfinder Trenching

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 14, 2008) - Kingsman Resources Inc. (TSX VENTURE:KSM) 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

LENGTH Au Ag Cu
TRENCH # (m) (g/t) (g/t) (%)

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

LENGTH Au Ag Cu
TRENCH # (m) (g/t) (g/t) (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".

On Behalf of the Board of Directors

KINGSMAN RESOURCES INC.

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.

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