Gold as Safe-Haven Asset—Why Mining Companies are Anticipating Upcoming Boom
03 Juni 2020 - 2:30PM
via NetworkWire — Kingman Minerals Ltd. (CVE: KGS) today
announces its placement in an editorial published by
NetworkNewsWire ("NNW"), one of 40+ brands in the
InvestorBrandNetwork (“IBN”), a multifaceted financial news and
publishing company for private and public entities.
To view the full publication, “Gold Has Just Started to
Shine—Miners Should Glow in New Gold Rush,” visit:
http://nnw.fm/6pFcL.
In times of financial crisis, there’s no safer investment than
gold.Gold’s historic reputation as a safe haven asset will be a
boon for mining companies as the global economy witnesses the
plunging valuation of currency. Kingman Minerals
Ltd. (CVE: KGS)
(KGS Profile) has been preparing
operations on a historic mine site in Arizona, benefiting from the
cost efficiencies of revitalizing an already established
exploration site.
Part of Kingman’s strategy is the return to an old mining claim
– the 167-hectare Rosebud Mine. Discovered in the 1880s and mostly
mined in the 1920s and 1930s, the Rosebud Mine is a critical part
of the Mohave Project. Previously worked mines are increasingly
being exploited by modern mining companies as sure sites of
minerals. Though the most accessible resources have usually been
extracted from these sites, the land still holds the promise of
untapped discovery. Modern mining techniques ensure that previously
difficult-to-extract lodes can be accessed safely and cost
effectively. This technique has been applied to extract newly
valuable battery minerals such as cobalt from old copper mines and
to revive abandoned precious metals sites. Kingman will be tapping
into wealth that previous generations of miners left behind.
About Kingman Minerals Ltd.Kingman Minerals
Ltd. is currently engaged in the business of precious metal mineral
exploration for the purpose of acquiring and advancing non grass
roots mineral properties located in mining friendly jurisdictions
of North America.
The Mohave Project (the "Project") is located in the Music
Mountains in Mohave County, Arizona and is comprised of 20 lode
claims which are inclusive of the past producing Rosebud Mine (the
"Rosebud"). The company has also entered into an option agreement
with two arms' length vendors to acquire 100% interest in
52 lode claims covering an area of 1,071.2 acres. High grade gold
and silver veins were discovered in the area in the 1880's and were
mined mainly in the late 20's and 30's. Underground development on
the Rosebud property included a 400-foot shaft and approximately
2,500 feet of drifts, raises and crosscuts.
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Forward-Looking Statements
This release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
All forward-looking statements are inherently uncertain as they are
based on current expectations and assumptions concerning future
events or future performance of the company. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which are only predictions and speak only as of the date hereof. In
evaluating such statements, prospective investors should review
carefully various risks and uncertainties identified in this
release and matters set in the company's SEC filings. These risks
and uncertainties could cause the company's actual results to
differ materially from those indicated in the forward-looking
statements.
Corporate Communications:
NetworkNewsWire (NNW) New York, New York www.NetworkNewsWire.com
212.418.1217 Office Editor@NetworkNewsWire.com
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