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Kingsmen Resources Continued High Grade Silver in Sampling Expands Drill Targets

Kingsmen Resources

Vancouver, British Columbia--(February 4, 2025) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) ("Kingsmen" or the "Company") is pleased to report results from on its continuing exploration program on its 100% owned Las Coloradas project, which is in the Parral mining district of the Central Mexican Silver Belt, Chihuahua Mexico. 


President, Scott Emerson, commented: We have now completed exploration over the entire 1.7 km and 1.4 km long Soledad and Soledad II structures with mineralization occurring over the entire strike lengths. This gives us confidence that mineralization continues along strike and at depth of the past producing Las Coloradas mine (300M) and also increases our confidence for our upcoming drill program. 


Kingsmen has identified a new target area (DBD) for diamond drilling. This is in addition to the Mine, Aguilar and Leona target areas previously announced. The DBD target covers an area of historic underground artisanal mining between the Mine and Leona zones on the Soledad structure (Figure 1, Figure 2 (enlarged scale) and Table 1). The old underground workings show stopes up to 5 meters wide and 4.0 meters high. Where the mineralized structure rolls and flattens dilatant zones up to 3.0 meters can form. All historic workings have been above the water table (+/- 125 meters). As with all the target areas there has been no drilling to test the mineralization at depth where blind extensions to the mineralized structures, as well as new structures, are likely at depth. 



Figure 1

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9640/239498_32587464f4a5c8fc_001full.jpg



Figure 2

To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/9640/239498_32587464f4a5c8fc_002full.jpg

There are strong similarities/parallels with the mineralization in the underground Santa Barbara mine where vein systems vary from 3 to 6.5 km along strike and the vertical extension of the shoots have a vertical extension of up to 900 meters.

The Las Coloradas mineralization is on the southeast flank of a prominent aeromagnetic high interpreted to be a buried felsic intrusive body. The felsic intrusives associated with the Soledad and other structures are likely linked to this body and the setting is favourable for porphyry, skarn and epithermal vein mineralization.

Table 1

Sample 

Width (m)

Ag ppm

Au ppm

Cu ppm

Pb ppm

Zn ppm

1

1

201.98

0.205

289

17080

106860

2

0.9

90.28

0.033

38

7050

1920

3

1.1

0.5

0.005

59.6

72

125

4

0.8

82.3

0.021

50.7

10520

20770

5

0.7

19.8

0.014

65.4

2370

10740

6

0.6

2.9

0.0025

51.9

251

1140

7

0.6

80.8

0.126

136

13200

30130

8

0.7

54

0.064

62.9

4980

12230

9

0.6

28.7

0.021

40.8

3430

10070

10

0.7

268.42

0.359

88.7

41180

101060

11

1.2

14.9

0.062

64.1

2010

2850

12

1.2

40.5

0.031

56.3

2550

11670

13

1.3

21.4

0.089

47.7

2070

6510

14

1.2

38.1

0.012

98.1

5520

16600

15

1

33.7

0.0025

93.2

5390

13490

16

1.1

28.5

0.0025

69.5

6000

6460

17

1.3

43.6

0.206

79.1

5910

37810

18

1.1

23.9

0.104

39.6

2670

4250

19

0.9

15.9

0.0025

63.8

2270

1730

20

1.2

48

0.517

33.3

1760

11730

21

0.8

11.4

0.006

59.6

1660

3650

22

1.1

242.87

0.026

156

44410

47880

23

0.7

75.4

0.241

85.4

9001

37290

24

0.9

51.7

0.184

75.8

5760

23240

25

1.2

13

0.032

41.2

1850

3240

26

1.1

93.54

0.079

99

19250

33790

27

0.9

308.16

0.241

213

44790

210440

28

0.8

198.34

0.334

51.8

49840

50720

29

0.9

187.48

0.726

79.3

38630

66110

30

0.8

395.87

0.457

184

45770

35310

31

0.8

41.5

0.139

143

1320

239270

32

0.8

30.8

0.006

39.6

7520

4180

33

0.7

73.2

0.073

99.8

8379

37590

34

0.7

17

0.006

56.8

1850

7020

35

0.5

335.23

0.267

171

33140

106220

36

1.6

41.7

0.007

42.4

7820

5620

37

1.4

25.8

0.032

49.7

3050

11990

38

1.1

6.8

0.016

35.9

874

1990

39

1.4

27.5

0.007

73.6

2550

13690

40

1.1

7.11

0.0025

34.5

1350

1170

41

0.8

168.65

0.453

46.6

30770

16210

 

All samples were analyzed by ALS Chemex, Chihuahua. All samples were assayed for gold by fire assay with an ICP-AES finish. All samples were also analyzed for 35 elements by aqua regia extraction with ICP-AES finish.


About Las Coloradas

The Las Coloradas Project ( 8.5 km2 -3.3 sq miles) represents a consolidation of a historic mining district that covers numerous silver-gold-lead-zinc-copper mines previously exploited by ASARCO (American Smelting and Refining Company), the U.S.- based subsidiary of Grupo Mexico.

 

Las Coloradas is in the Parral mining district of the Central Mexican Silver Belt, located approximately 30 kilometers southeast of the city of Hildago de Parral and 40 kilometers east of the San Francisco de Oro and Santa Barbara mining districts where several old major mines are located: La Prieta, Veta Colorada, Palmilla, Esmeralda, San Francisco del Oro and Santa Barbara. As well, new major mining projects are currently being explored in the district: Cordero (Discovery Silver Corp.), 35 kms north of Parral, and La Cigarra (Kootenay Silver Inc.), 35 kms northwest of Parral. Click here to see locator map, https://www.kingsmenresources.com/area-history

 

Qualified Person

Kieran Downes, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure set out in this news release.

 

About Kingsmen Resources

Kingsmen Resources is a mineral exploration company focused on advancing its 100% held Las Coloradas Project located in the prolific mining district of Parral Mexico. The project hosts the historic past producing  high-grade silver mine, Las Coloradas. It is considered to be prospective for hosting further precious metal deposits, being on the same structural and stratigraphic belts that host numerous other , on -trend, high- grade deposits. In addition, the company has a 1% NSR on the Los Ricos North project operated by GoGold Resources Inc.in Mexico. The Company’s leaders have extensive experience in the mining and financial sectors. Kingsmen is a publicly-traded company (TSX.V:KNG; OTCQB: KNGRF) and is headquartered in Vancouver, British Columbia.

 

On behalf of the Board, Signed:

 “Scott Emerson”

Scott Emerson,

President & CEO Phone: 6046859316

 

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

 

Forward-Looking Statement:

 

All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the completion of the acquisition of the Las Coloradas Project and receipt of regulatory approval, are forward-looking statements. Although Kingsmen believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Kingsmen can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Kingsmen’s periodic filings with Canadian securities regulators, and assumptions made with regard to: Kingsmen’s ability to make the required payments under the definitive agreements; and Kingsmen’s ability to secure the necessary regulatory approvals. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from Kingsmen’s expectations include risks associated with the business of Kingsmen; risks related to the satisfaction or waiver of certain conditions to the closing of the acquisition of the Las Coloradas Project; non-completion of the acquisition of the Las Coloradas Project; risks related to exploration and potential development of the Las Coloradas Project; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in Kingsmen’s filings with Canadian securities regulators on SEDAR in Canada (available at www.sedarplus.com). Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Kingsmen does not undertake any obligation to update forward looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.


 

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