smd - perplexing, page-7

KMN quarterly may be of interest to SMD holders. Kalman geochemical soil anomoly has been extended to 20 km along strike.

"Discussion
These results further confirm the exploration potential of the Pilgrim Fault Zone.
Soil geochemistry has extended the Kalman geochemical anomalies for 8 kilometres to
the north of the Kalman Deposit. Distinct copper and molybdenum zones have been
identified of which only the copper zone has been partially drill tested. The historical
soil geochemistry, immediately south of the Kalman Deposit, has identified three
distinct zones of anomalous copper mineralization, only one of which has been drill
tested. There is no historical molybdenum soil data in this area. South of Pelican the
-7- 30 October 2009
I:\Kings Minerals NL\Reports\Quarterly Report\Quarter Jul-Sept 09\QR App5B 30Sept09.doc
soil geochemistry has identified coincident molybdenum-copper-gold anomalism along
strike of the Kalman deposit in a comparable stratigraphic/structural position. This work
has extended the anomalous geochemical zone to 11.5 kilometres. In total the Kalman
anomaly extends for 20 kilometres along strike.
The presence of anomalous copper and molybdenum mineralization in altered rocks
similar to the host of the Kalman molybdenum-rhenium-copper-gold deposit is a strong
indication that economic mineralization may be found at depth.
These drill results are comparable in grade and width to a number of shallow historical
holes that were drilled at Kalman in the 1990’s that were ignored by previous explorers
but which we now understand to have been drilled into the halo of the Kalman deposit.
The wide intersection of gold mineralization in drill hole K-90 has identified a new,
potentially important mineralization style for the Pilgrim Fault Zone.
The exploration work within our fully and partially owned tenements continue to reveal
the importance and potential of these mineral occurrences."