Kingsmen Drills 566 g/t AgEq (348 g/t Silver & 0.42 g/t Gold) Over 2.52 Meters, Including 899g/t AgEq (532 g/t Silver & 0.67g/t Gold) Over 1.25 Meters, at New Leona Zone Discovery on Soledad II, Las Coloradas
Only 100 meters of the 1.6-kilometer Soledad II structure has been drill tested, with other targets still untested.
Sentiment and the balance of points
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Rhea-AI Summary
Kingsmen Resources (KNGRF) reported new shallow silver mineralization from three additional drill holes at the Leona zone of its Las Coloradas project in Mexico. Hole LC-26-028 returned 566 grams per tonne silver equivalent over 2.52 meters, including 899 grams per tonne over 1.25 meters. Hole LC-26-029 returned 303 grams per tonne silver equivalent over 6.50 meters, including 787 grams per tonne over 1.35 meters. Silver equivalent combines silver, gold, lead and zinc values using assumed prices and recoveries.
Drilling identified mineralization over more than 100 meters of strike length. Only 100 meters of the 1.6-kilometer Soledad II structure has been drill tested; other targets remain untested. Reported intervals are downhole lengths, and true widths cannot yet be calculated.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Moderate pointLC-26-028 intersected 566 g/t silver equivalent over 2.52 meters, including 899 g/t over 1.25 meters.
- Moderate pointLC-26-029 intersected 303 g/t silver equivalent over 6.50 meters, including 787 g/t over 1.35 meters.
- Moderate pointLeona drilling identified silver mineralization over more than 100 meters of strike length.
- Minor pointLC-26-028 also returned 345 g/t silver equivalent over 1.15 meters at 70.85–72.00 meters downhole.
- Minor pointLC-26-027 returned 91 g/t silver equivalent over 1.38 meters at 115.12–116.50 meters downhole.
Negative
- Minor pointSilver-equivalent recoveries are estimates based on published figures for the separate Cigarra deposit.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Vancouver, British Columbia--(Newsfile Corp. - October 27, 2026) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) ("Kingsmen" or the "Company") is pleased to report the discovery of new, significant, shallow silver mineralization in the Leona zone, Soledad II structure, based on three additional diamond drill holes (LC-26-027, LC-26-028 and LC-26-029), at the Company's Las Coloradas silver project in the Parral mining district of the Central Mexican Silver Belt, Chihuahua Mexico.
Highlights:
- LC-26-028 returned 566 g/t Ag Eq (348 g/t silver & 0.42 g/t gold) over 2.52 meters (59.30 - 61.82m)
including 899 g/t Ag Eq (532 g/t silver & 0.67 g/t gold) over 1.25 meters (60.57-61.82m)
LC-26-029 returned 303 g/t Ag Eq (191 g/t silver & 0.30 g/t gold) over 6.50 meters (59.50-66.00m), including 787 g/t Ag Eq (466 g/t silver & 0.62 g/t gold) over 1.35 meters.
High-grade, shallow silver mineralization intersected over 100 meters.
The 1.6-kilometer-long (approx. 1 mile) Soledad II vein/structure has only been drill tested over 100 meters with positive results.
Soledad II vein/structure dips west. In contrast, Soledad vein/structure dips east.
President, Scott Emerson, commented, "The discovery of new, significant, shallow silver mineralization in the Leona zone of the Soledad II vein/structure is of great importance as it demonstrates the discovery potential of this 1.6 km (approx 1 mile) long, untested system. Kingsmen has identified numerous other targets along Soledad II system that are similar to the Leona zone and have never been drill tested. By comparison, all have potential to host significant shallow zones of silver mineralization. To-date, only a 100-meter length of the 1.6-kilometer-long (~1 mile) Soledad II system has been drilled."
Three holes were drilled to offset the significant mineralization in LC-25-012. LC-26-027 was drilled as a 50-meter undercut. LC-26-028 and LC-26-029 were drilled as 50-meter step outs north and south respectively of LC-25-012. Drilling identified a zone of high-grade silver mineralization over a strike length of + 100 meters and at + 50 meters depth (Figures 1, 2, 3, 4, 5 and 6: Tables 1 and 2). The mineralization carries appreciable gold, along with significant levels of pathfinder elements lead, zinc, arsenic, bismuth and antimony.
The mineralization is hosted in the Leona zone, Soledad II vein/structure, which dips to the west. In contrast, the Soledad structure, located 250 meters to the east, dips to the east.
The Soledad II vein/structure tracks the west margin of a strong chargeability/low resistivity anomaly. The Leona zone mineralization occurs in an area with high silver values in surface samples and intersecting NW- and NE-trending structures (Figure 1). This structural intersection appears to generate wider zones of mineralization, as in LC-26-029 (6.50 meters @ 191 g/t Ag & 0.30 g/t Au). The structural setting is similar to where holes LC-25-008 and LC-26-020 intersected high grade silver mineralization over widths of 10.5 and 6.45 meters respectively in the #8 structure (September 22, 2026 news release).
Other locales along Soledad II vein/structure with similar structural characteristics (intersecting NW- & NE-trending structures, offsets & flexures and high silver assays in surface samples) have not yet been drilled (Figure 1- see untested drill targets). To-date, only a 100-meter length of the 1.6-kilometer-long (~1 mile) Soledad II has been drilled with very positive results.
There are multiple zones of mineralization at Las Coloradas with very large areas and targets yet to be tested by drilling (Figures 1 and 5). A large area (~430 hectares - 1.7 square miles) of highly prospective, overburden covered ground lies between the Soledad II vein/structure and the Saddle zone which, to date, has seen very little exploration (Figure 5). Preliminary ground magnetics and prospecting have identified features/structures of interest warranting follow up.
Hole LC-26-027
- 97.35-117.50m and 141.55-144.80m: brecciated intervals and widely spaced erratic veinlets, up to 12 cm, of variable amounts of pyrite, sphalerite, arsenopyrite, pyrrhotite + galena, quartz, calcite and /or sericite.
Hole LC-26-028:
46.80-59.80m: phyllic alteration with thin quartz-calcite veinlets containing variable amounts of pyrite, sphalerite, galena, arsenopyrite.
59.80-61.82m: structure on contact of sediments and quartz feldspar intrusive with variable amounts of pyrite, pyrrhotite, sphalerite, galena, arsenopyrite. 60.97-61.82m. Massive and semi-massive sulphides.
Hole LC-26-029
62.50-65.35m: vein/structure on sediment/ quartz feldspar porphyry contact.
62.50-63.80m: massive sulphides (sphalerite, pyrite, galena) with massive white quartz;
63.80-64.30m: quartz fragments surrounded by concentric layers of quartz, calcite, arsenopyrite, pyrite, and sphalerite, with abundant vugs and calcite druses.
64.30-64.85m: massive calcite with sulfide patches (pyrite, sphalerite, galena).
64.85-65.35m: massive sulfide veins up to 15 cm thick.
Table 1 Significant Intersections
| Hole | From (m) | To(m) | Width (m) | Ag Eq g/t | Ag ppm | Au ppm | Pb % | Zn % |
| LC-26-027 | 97.35 | 98.80 | 1.45 | 52 | 30 | 0.03 | 0.24 | 0.87 |
| incl | 97.35 | 97.65 | 0.30 | 170 | 90 | 0.06 | 0.80 | 3.25 |
| 110.42 | 110.80 | 0.38 | 154 | 40 | 0.47 | 0.18 | 4.75 | |
| 115.12 | 116.50 | 1.38 | 91 | 47 | 0.21 | 0.69 | 1.33 | |
| 141.55 | 144.80 | 3.25 | 48 | 31 | 0.11 | 0.16 | 0.56 | |
| LC-26-028 | 46.80 | 47.05 | 0.25 | 232 | 219 | 0.40 | ||
| 59.30 | 61.82 | 2.52 | 566 | 348 | 0.42 | 3.76 | 7.33 | |
| incl | 59.80 | 60.35 | 0.55 | 466 | 330 | 0.34 | 1.75 | 4.89 |
| and | 60.57 | 61.82 | 1.25 | 899 | 532 | 0.67 | 6.47 | 12.34 |
| 70.85 | 72.00 | 1.15 | 345 | 213 | 0.08 | 4.11 | 3.39 | |
| 87.47 | 87.66 | 0.19 | 63 | 63 | ||||
| LC-26-029 | 52.50 | 52.85 | 0.35 | 24 | 18 | 0.20 | ||
| 53.55 | 54.45 | 0.90 | 48 | 39 | 0.01 | 0.44 | 0.13 | |
| 59.50 | 66.00 | 6.50 | 303 | 191 | 0.30 | 3.00 | 2.89 | |
| incl | 62.50 | 63.85 | 1.35 | 787 | 466 | 0.62 | 8.19 | 8.93 |
| and | 64.58 | 65.07 | 0.49 | 744 | 533 | 0.24 | 7.35 | 4.66 |
| 147.50 | 148.07 | 0.57 | 40 | 40 | ||||
| Previously released January 8, 2026 | ||||||||
| HOLE ID | From (m) | To (m) | Width (m) | Ag Eq ppm | Ag ppm | Au ppm | Pb % | Zn % |
| LC-25-012 | 56.70 | 61.50 | 4.80 | 90 | 52.26 | 0.000 | 0.91 | 1.22 |
| incl | 56.70 | 58.00 | 1.30 | 270 | 142.70 | 0.717 | 2.45 | 3.42 |
| incl | 57.20 | 58.00 | 0.80 | 360 | 220.00 | 0.223 | 3.1 | 4.32 |
| 138.30 | 138.55 | 0.25 | 209 | 157.00 | 0.140 | 0.61 | 1.91 | |
The silver equivalent calculation formula is AgEq(g/t) = ((Ag grade (g/t) x (Ag price per ounce/31.10348) x Ag recovery) + (Pb grade (%) x (Pb price per tonne/100) x Pb recovery) + (Zn grade (%) x (Zn price per tonne/100) x Zn recovery) + (Au grade (g/t) x (Au price per ounce/31.10348) x Au recovery)) / (Ag price per ounce/31.10348 x Ag recovery). The prices used were US
Figure 1
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Figure 2
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Figure 3
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Figure 4
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Figure 5
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Figure 6
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Table 2 Collars
| Hole_ID | Easting | Northing | Elevation | Az | Dip | EOH |
| LC-25-012 | 463522 | 2964744 | 1642 | 45 | -45 | 151.8 |
| LC-26-027 | 463472 | 2964695 | 1641 | 45 | -45 | 261 |
| LC-26-028 | 463486 | 2964784 | 1643 | 45 | -45 | 150 |
| LC-26-029 | 463554 | 2964703 | 1641 | 45 | -45 | 160 |
QAQC
Drill core (HQ size) is geologically logged and sampled. The full drill core is sawn with a diamond blade rock saw. One half of the sawn drill core is bagged and tagged for analysis. The remaining half portion is returned to the drill core tray and stored. Bagged samples are securely stored prior to submission for analysis. Samples are being submitted to ALS Geochemistry-Chihuahua for multielement analysis following four-acid digestion (code ME-MS61), and gold by fire assay-AA (code Au-AA23). Quality assurance and quality control (QA/QC) is maintained by the systematic insertion of certified standard reference materials (CSRM), blanks and duplicates into the sample stream. Assay results will be announced following receipt, compilation and confirmation. ALS Geochemistry operates under a Global Geochemistry Quality Manual that complies with ISO/IEC 17025:2017.
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.
Qualified Person
Kieran Downes, Ph.D., P.Geo., a director of Kingsmen and 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
On behalf of the Board,
Signed: "Scott Emerson"
Scott Emerson, President & CEO
Phone: 6046859316
Email: se@kingsmenresources.com
Follow us on: LinkedIn, Instagram and X
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements:
Certain disclosure contained in this news release may constitute forward-looking information or forward-looking statements, within the meaning of Canadian securities laws. These statements may relate to this news release and other matters identified in the Company's public filings. In making the forward-looking statements the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include but are not limited to: the political environment in which the Company operates continuing to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases; risks related to negative publicity with respect to the Company or the mining industry in general; planned work programs; permitting; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/321023
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Kingsmen Resources find in the Leona zone drilling?
Kingsmen intersected 566 g/t silver equivalent over 2.52 meters in LC-26-028 and 303 g/t silver equivalent over 6.50 meters in LC-26-029. These intervals included 899 g/t over 1.25 meters and 787 g/t over 1.35 meters, respectively. The intervals are downhole lengths, not calculated true widths.
What assumptions underpin Kingsmen's Leona silver-equivalent grades?
The silver-equivalent calculation uses prices of US$3675/oz gold, US$2960/t zinc, US$2003/t lead and US$42/oz silver. Estimated recoveries are 40% for gold, 91% for lead, 85% for zinc and 92% for silver, based on published figures for sulphide mineralization at Kootenay Silver's Cigarra deposit.
How were Kingsmen's new Leona drill holes positioned?
LC-26-027 was drilled as a 50-meter undercut of the mineralization in LC-25-012, while LC-26-028 and LC-26-029 were drilled as 50-meter step outs north and south, respectively. The three holes tested around the previously reported intersection.