Kingsmen Granted Option to Acquire 100% of the Gold/Silver Almoloya Project in the Parral Mining District, Chihuahua, Mexico
Kingsmen Resources (OTCQB: KNGRF) completed the transaction granting it an option to acquire a 100% interest in the Almoloya gold/silver project in the Parral Mining District, Chihuahua, Mexico, located 30 km west of its Las Coloradas project.
Terms require staged cash payments over an eight-year option period with US$325,000 payable in the first two years (including US$75,000 in year one). The Option is subject to TSXV approval. The package consolidates five claims into a single contiguous block covering 866.25 hectares and includes historic Cigarrero and Las Juliettas mines. Kingsmen is compiling data, conducting regional sampling, and working toward drill-ready status.
Kingsmen Resources (OTCQB: KNGRF) ha completato la transazione che gli concede l'opzione per acquisire il 100% dell'interesse nel progetto oro/argento di Almoloya nel Parral Mining District, Chihuahua, Messico, situato a 30 km a ovest del suo progetto Las Coloradas.
I termini prevedono pagamenti in contanti scaglionati durante un periodo di opzione di otto anni, con US$325.000 da pagare nei primi due anni (incluso US$75.000 nell'anno uno). L'opzione è soggetta all'approvazione TSXV. Il pacchetto consolida cinque rivendicazioni in un unico blocco contiguo che copre 866,25 ettari e include le miniere storiche Cigarrero e Las Juliettas. Kingsmen sta raccogliendo dati, conducendo campionamenti regionali e lavorando per ottenere lo stato pronto per i sondaggi.
Kingsmen Resources (OTCQB: KNGRF) completó la transacción que le concede una opción para adquirir el 100% de interés en el proyecto de oro/ plata de Almoloya en el Parral Mining District, Chihuahua, México, ubicado a 30 km al oeste de su proyecto Las Coloradas.
Los términos exigen pagos en efectivo escalonados durante un periodo de opción de ocho años, con US$325,000 a pagar en los dos primeros años (incluido US$75,000 en el año uno). La opción está sujeta a la aprobación de TSXV. El paquete consolida cinco concesiones en un único bloque contiguo que abarca 866,25 hectáreas e incluye las minas históricas Cigarrero y Las Juliettas. Kingsmen está recopilando datos, realizando muestreos regionales y trabajando para lograr un estado listo para perforación.
Kingsmen Resources (OTCQB: KNGRF) 거래를 완료하여 남부 Parral 광업 지구의 알몰로야 금/은 프로젝트에 대한 100% 지분을 취득할 수 있는 옵션을 부여받았으며, 멕시코 치와와 주에 위치한 Las Coloradas 프로젝트에서 서쪽으로 30km 떨어져 있습니다.
거래 조건은 여덟 해의 옵션 기간 동안 단계별 현금 지급을 요구하며, 처음 2년간 US$325,000이 지급되고, 1년 차에 US$75,000이 포함됩니다. 옵션은 TSXV 승인의 대상입니다. 이 묶음은 다섯 개의 청구를 하나의 연속된 블록으로 통합하며 면적은 866,25헥타르를 포함하고, 역사적으로 Cigarrero 및 Las Juliettas 광산도 포함합니다. Kingsmen은 데이터를 수집하고, 지역 샘플링을 수행하며, 시추 준비 상태를 위한 작업을 수행 중입니다.
Kingsmen Resources (OTCQB: KNGRF) a finalisé la transaction lui accordant une option d'acquérir 100% des intérêts du projet d'or/argent d'Almoloya dans le Parral Mining District, Chihuahua, Mexique, situé à 30 km à l'ouest de son projet Las Coloradas.
Les conditions prévoient des paiements en espèces progressifs sur une période d'huit ans d'option, avec US$325,000 à verser au cours des deux premières années (dont US$75,000 la première année). L'option est soumise à l'approbation de la TSXV. Le paquet regroupe cinq revendications en un seul bloc contigu couvrant 866,25 hectares et comprend les mines historiques Cigarrero et Las Juliettas. Kingsmen compile des données, effectue des échantillonnages régionaux et travaille à un statut prêt pour forage.
Kingsmen Resources (OTCQB: KNGRF) schloss die Transaktion ab, die ihm eine Option zum Erwerb von 100% der Anteile am Almoloya-Gold-/Silberprojekt im Parral Mining District, Chihuahua, Mexiko, gewährt, das 30 km westlich von seinem Las Coloradas-Projekt liegt.
Die Bedingungen sehen gestaffelte Barzahlungen über einen Achtjahres Optionenzeitraum vor, mit US$325.000 zahlbar in den ersten beiden Jahren (darunter US$75.000 im ersten Jahr). Die Option unterliegt der TSXV-Genehmigung. Das Paket konsolidiert fünf Claims zu einem einzigen zusammenhängenden Block, der 866,25 Hektar umfasst und die historischen Minen Cigarrero und Las Juliettas einschließt. Kingsmen sammelt Daten, führt regionale Probenahmen durch und arbeitet an einer bohrbereiten Bereitschaft.
Kingsmen Resources (OTCQB: KNGRF) أكملت الصفقة التي تتيح لها خيار امتلاك 100% من مصلحة مشروع ذهب/فضة أ ألمولوايا في منطقة Parral التعدينية، تشيهواهوا، المكسيك، الواقع على بعد 30 كم غرب مشروع Las Coloradas.
وتشترط الشروط دفع مبالغ نقدية على مدى فترة خيار ثماني سنوات مع US$325,000 تُدفع في أول العامين (بما في ذلك US$75,000 في السنة الأولى). الخيار خاضع لـ موافقة TSXV. الصفقة تجمع خمس مطالبات في كتلة متجاورة واحدة تغطي 866.25 هكتار وتضم المناجم التاريخية Cigarrero و Las Juliettas. تقوم Kingsmen بجمع البيانات، وإجراء عينات إقليمية، وتعمل على وضعها في状态 جاهز للحفر.
Kingsmen Resources (OTCQB: KNGRF) 完成交易，使其获得在 阿尔莫洛亚金/银项目（Almoloya gold/silver project）位于墨西哥奇瓦瓦州 Parral 采矿区的100%权益的购买选择权，位于其 Las Coloradas 项目的 西部 30 公里。
条款要求在一个 八年 的选项期内分阶段支付现金，前两年应付 US$325,000（其中第一年为 US$75,000）。该选项须经 TSXV 审批。该方案将五项权益整合为一个连续区块，覆盖 866.25 公顷，并包括历史 Cigarrero 与 Las Juliettas 矿区。Kingsmen 正在汇编数据、进行区域采样，并致力于达到钻探就绪状态。
- Consolidation of five claims into 866.25 hectares
- 100% option to acquire Almoloya project
- Includes historic Cigarrero and Las Juliettas mines
- Option remains subject to TSXV approval
- Staged cash obligations extend over an eight-year period
- Near-term drilling not yet started; company advancing to drill-ready status
Vancouver, British Columbia--(Newsfile Corp. - October 24, 2025) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) ("Kingsmen" or the "Company") is pleased to report that the previously announced transaction to acquire an option (the "Option") to acquire a
The Almoloya project includes the historic past producing Cigarrero and Las Juliettas mines. The project represents a consolidation of five mineral claims into a single, contiguous land package covering 866.25 hectares (2,140.55 acres).
President, Scott Emerson, commented, "This acquisition strengthens our presence in the Parral district. The acquisition aligns with Kingsmen's objective of bringing new life to historically producing assets through claim consolidation. The acquisition terms also allows us to focus costs on exploration work rather than tenure payments in the initial years of the option. With the addition of Almoloya, we expand our land position in the region and continue to advance Kingsmen as a preeminent explorer in the Parral Mining District with current exploration programs designed to deliver near-term significant discoveries."
Kingsmen is pleased with the Almoloya project area which is prospective for high grade silver, lead, zinc and gold mineralization. The project is situated within a large, 12 X 14 km, regional hydrothermal system. This is the first time the entire area has been consolidated by the same company. Many companies have explored portions of the current holdings but none have controlled the entire block including Anglo American Exploration (Canada) Ltd., Newmont Corp., Western Copper Corp., Queenston Mining Inc., Quaterra Resources Inc., Alamos Gold Inc. and Hemlo Gold Mines Inc. Kingsmen is currently compiling and evaluating a number of significant databases. As well, Kingsmen is completing regional sampling and evaluation, and looks forward to quickly advancing the Almoloya project to drill ready status.
About Amoloya
The Almoloya project represents the culmination of a land consolidation process that has taken over 20 years to complete. The now-contiguous land package brings together historically fragmented claims, many of which were previously held and explored by major operators. Extensive historical data from these programs, conducted up until the early 2000s, is available to Kingsmen and provides a valuable foundation for future exploration. Since that time, the project has seen no systematic exploration by either junior or major companies, leaving significant potential untapped in a highly prospective and historically productive district.
Click here to see locator map: https://kingsmenresources.com/area-history.
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,
"Scott Emerson"
Scott Emerson, President & CEO
Phone: 604- 685-9316
Email: se@kingsmenresources.com
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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 Option, TSXV approval of the Option, 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.
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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/271753
FAQ
What did Kingsmen (KNGRF) announce on October 24, 2025 about the Almoloya project?
How much does Kingsmen (KNGRF) have to pay in the first two years for the Almoloya option?
How large is the Almoloya land package Kingsmen (KNGRF) is consolidating?
Where is the Almoloya project relative to Kingsmen's Las Coloradas project (KNGRF)?
Does the Kingsmen (KNGRF) Almoloya option include historic mines and what are they?
What is Kingsmen (KNGRF) doing next with the Almoloya project?
