Exploring Mining Talks to CEO of Kingsmen Resources Ltd. (KNG) (KNGRF) about Las Coloradas Silver Project

Rhea-AI Summary

Kingsmen Resources Ltd. has announced key developments at its Las Coloradas silver project in Mexico's Parral mining district. The company recently secured a $1.1 million capital raise through a non-brokered private placement and maintains $2 million in working capital. With 28 million shares outstanding, Kingsmen has initiated a 14-hole drill program targeting high-grade silver deposits. The project shows promising potential with 3D IP geophysical surveys revealing expanded 1.7km mineralized zones and surface samples yielding up to 600 grams of silver. The company is backed by a top-tier exploration team and aims to revitalize this past-producing mine.

Positive

• Successfully raised $1.135 million through non-brokered private placement
• Strong working capital position of $2 million
• Surface samples showing high-grade silver potential up to 600 grams
• Expanded mineralized zones spanning 1.7km identified through 3D IP surveys
• Lean share structure with only 28 million shares outstanding

Negative

• None.

"Our vision is to be the preeminent explorer in the Parral mining district"- Scott Emerson, President & CEO

Vancouver, Kelowna, and Delta, British Columbia--(Newsfile Corp. - May 30, 2025) - Investorideas.com, a global investor news source covering mining and metals stocks releases a new episode of the Exploring Mining Podcast . Host Cali Van Zant talks with Scott Emerson, President & CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF).

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Today's episode uncovers Kingsmen Resources' big moves at the Las Coloradas silver project in Chihuahua's prolific Parral mining district! CEO Scott Emerson talks about their $1.1 million capital raise, a 14-hole drill program targeting high-grade silver and share structure as key points.

With 3D IP geophysical surveys, expanded 1.7km mineralized zones, and surface samples up to 600 grams, this past-producing mine is ready for a comeback. Supported by a top-tier team, Kingsmen's 2025 drilling campaign could unlock one of Mexico's next big silver finds!

Listen to the podcast: https://www.spreaker.com/episode/high-grade-silver-hunt-begins-kingsmen-resources-tsxv-kng-las-coloradas-drilling-kicks-off--66328970

Watch on YouTube: https://youtu.be/DW7dVg9DHe0

Key takeaways from interview:

• 28 Million Shares outstanding to date.

• Drilling Commenced at Las Coloradas Project 
  (https://www.kingsmenresources.com/post/kingsmen-reports-drilling-to-commence-at-las-coloradas-project)

•  Kingsmen recently reported closing $1,135,000 in Non-Brokered Private Placement
  https://www.kingsmenresources.com/post/kingsmen-reports-raises-1-135-000-in-non-brokered-private-placement

•  Working Capital $2Million

• Top-tier Exploration team
  https://www.kingsmenresources.com/board-of-directors .

Corporate Presentation

https://www.kingsmenresources.com/_files/ugd/b9183f_b5fe195eb71849d89c87b40a0f5377c4.pdf

About Las Coloradas

The Las Coloradas Project (8.5 km2 -3.3 sq miles) represents a consolidation of a historic mining district which 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, and is located approximately 30 kilometers southeast of the city of Hidalgo de Parral and 40 kilometers east of the San Francisco de Oro and Santa Barbara mining districts where several old major mines are located, such as 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

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 La Trini claims which forms part of the Los Ricos North project operated by GoGold Resources Inc. in Mexico. Kingsmen is a publicly-traded company (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) and is headquartered in Vancouver, British Columbia. https://www.kingsmenresources.com/

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FAQ

What is the current drilling program at Kingsmen Resources' Las Coloradas project?

Kingsmen Resources has commenced a 14-hole drill program at the Las Coloradas silver project in Mexico's Parral mining district, targeting high-grade silver deposits.

How much capital did Kingsmen Resources (KNGRF) recently raise?

Kingsmen Resources recently closed a non-brokered private placement raising $1,135,000.

What is Kingsmen Resources' (KNGRF) current share structure?

Kingsmen Resources has 28 million shares outstanding to date.

What are the notable exploration results from Kingsmen's Las Coloradas project?

The project has shown promising results with surface samples up to 600 grams of silver and expanded mineralized zones of 1.7km identified through 3D IP geophysical surveys.

How much working capital does Kingsmen Resources (KNGRF) have?

Kingsmen Resources maintains $2 million in working capital.