Almoloya

Location:

38 Kms east of Hidalgo del from Parral City, Chihuahua, Mexico and is 20km from the Las Coloradas project.​

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Type of Project:

Underground epithermal, high-grade, vein, gold-silver, skarn, project.​

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Size and Scope:

The project covers an approximate area of 866 hectares, which consolidates 6 mining concessions into a single, contiguous land package, with geology prospective for gold and CRD mineralization.

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Land Consolidation

Kingsmen has successfully consolidated the fragmented ownership in the historic brownfield mining Sierra de Almoloya district 

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The Almoloya brownfield project is located  in the Sierra de Almoloya district within the north-east portion of the Central Mexican Silver Belt, the project includes  the past producing Cigarrero Mine and Las Julietas Mine. Historically exploited the Cigarrero Mine is said to have produced >1,250,000 tonnes ore at grades 12gmt/Au, 25oz/t Ag, >60%Pb, >25%Zn ( Anglo American Exploration (Canada)Ltd 2002 Report.

The Julietas mine produced from the beginning of the 20th century until the economic depression of 1929 and more recently by artisanal miners. 

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While major mining companies have worked in the area (Hemlo, Kennecott, Teck, Frisco, Anglo Mining), no one company has controlled all the claims collectively. 

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The project presents district wide potential for large CRD deposits with near surface oxide potential. 

Kingsmen Resources is the first junior to consolidate/explore this district in the past 25 years, and has an eight-year option to earn 100% interest,  no significant payments until year 5, total purchase price of USD$8,625,000.