Gold as Safe-Haven Asset—Why Mining Companies are Anticipating Upcoming Boom

Gold as Safe-Haven Asset—Why Mining Companies are Anticipating Upcoming Boom

Posted on by admin

New York, June 03, 2020 (GLOBE NEWSWIRE) —  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:   

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.

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 40+ brands within our InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via NetworkWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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.

Leave a Reply

Your email address will not be published. Required fields are marked *