Kingsmen Resources (KNGRF) has initiated drill pad construction at its Las Coloradas silver project in the Parral mining district, Chihuahua Mexico. The company has planned 14 drill holes for the initial diamond drilling program, targeting the Soledad and Soledad II structures/vein systems. Previous surface sampling at historic workings and the past-producing Las Coloradas mine revealed significant silver grades and some anomalous gold values. The drilling campaign is scheduled to run through May, June, and July 2025. The project is 100% owned by Kingsmen and represents a significant step in the company's efforts to develop this silver asset.
Kingsmen Resources (KNGRF) ha avviato la costruzione delle piazzole di perforazione presso il suo progetto argento Las Coloradas nel distretto minerario di Parral, Chihuahua, Messico. L'azienda ha pianificato 14 fori di sondaggio per il programma iniziale di perforazione diamantata, con l'obiettivo di esplorare le strutture/sistemi di vene Soledad e Soledad II. Le precedenti analisi superficiali nelle vecchie miniere e nell'ex miniera Las Coloradas hanno evidenziato significative concentrazioni di argento e alcuni valori anomali di oro. La campagna di perforazione è prevista per i mesi di maggio, giugno e luglio 2025. Il progetto è di proprietà esclusiva di Kingsmen e rappresenta un passo importante negli sforzi dell'azienda per sviluppare questa risorsa argentifera.
Kingsmen Resources (KNGRF) ha iniciado la construcción de plataformas de perforación en su proyecto de plata Las Coloradas en el distrito minero de Parral, Chihuahua, México. La compañía ha planificado 14 perforaciones para el programa inicial de perforación diamantina, enfocándose en las estructuras/sistemas de vetas Soledad y Soledad II. Muestreos superficiales previos en trabajos históricos y en la antigua mina Las Coloradas revelaron grados significativos de plata y algunos valores anómalos de oro. La campaña de perforación está programada para realizarse durante mayo, junio y julio de 2025. El proyecto es propiedad 100% de Kingsmen y representa un paso importante en los esfuerzos de la empresa para desarrollar este activo de plata.
Kingsmen Resources(KNGRF)는 멕시코 치와와 파랄 광산 지구에 위치한 Las Coloradas 은 프로젝트에서 시추대 건설을 시작했습니다. 회사는 초기 다이아몬드 시추 프로그램을 위해 Soledad 및 Soledad II 구조/광맥 시스템을 목표로 14개의 시추공을 계획했습니다. 과거 작업장과 과거 생산된 Las Coloradas 광산에서의 표면 샘플링 결과 상당한 은 함량과 일부 이상 금값이 확인되었습니다. 시추 캠페인은 2025년 5월, 6월, 7월에 걸쳐 진행될 예정입니다. 이 프로젝트는 Kingsmen이 100% 소유하고 있으며, 회사가 이 은 자산을 개발하기 위한 중요한 단계입니다.
Kingsmen Resources (KNGRF) a lancé la construction des plateformes de forage pour son projet argent Las Coloradas dans le district minier de Parral, Chihuahua, Mexique. La société a prévu 14 trous de forage pour le programme initial de forage diamanté, ciblant les structures/systèmes de veines Soledad et Soledad II. Les échantillonnages de surface réalisés précédemment sur des travaux historiques et l'ancienne mine de Las Coloradas ont révélé des teneurs significatives en argent ainsi que quelques valeurs anormales en or. La campagne de forage est prévue pour mai, juin et juillet 2025. Le projet est détenu à 100 % par Kingsmen et représente une étape importante dans les efforts de la société pour développer cet actif argentifère.
Kingsmen Resources (KNGRF) hat mit dem Bau von Bohrplattformen für sein Las Coloradas Silberprojekt im Bergbaudistrikt Parral, Chihuahua, Mexiko, begonnen. Das Unternehmen hat für das erste Diamantbohrprogramm 14 Bohrlöcher geplant, die auf die Strukturen/Venensysteme Soledad und Soledad II abzielen. Frühere Oberflächenproben an historischen Abbaustellen und der ehemals produzierenden Las Coloradas-Mine zeigten bedeutende Silbergehalte und einige anomale Goldwerte. Die Bohrkampagne ist für Mai, Juni und Juli 2025 geplant. Das Projekt befindet sich zu 100 % im Besitz von Kingsmen und stellt einen wichtigen Schritt in den Bemühungen des Unternehmens dar, dieses Silbervorkommen zu entwickeln.
Positive
Company owns 100% of the Las Coloradas silver project
Historic sampling revealed significant silver grades and anomalous gold values
Comprehensive drilling program with 14 planned holes
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None.
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2025) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) ("Kingsmen" or the "Company") is pleased to report the construction of drill pads for the upcoming diamond drilling program on its 100% owned Las Coloradas silver project, which is in the Parral mining district of the Central Mexican Silver Belt, Chihuahua Mexico.
A total of 14 holes have been proposed for drilling in the initial drill program and all sites have been selected in the field. This program will be focused on the Soledad and Soledad II structures/vein systems where surface sampling of residual mineralization in historic workings and the historic past producing underground Las Coloradas mine has yielded significant silver grades and, locally, anomalous gold values.
President, Scott Emerson commented, "The field crew has resumed after the holiday break and the drilling is expected to commence and continue through May, June and July. This is a major step for Kingsmen as we focus on unlocking the value of this exciting silver project."
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.
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 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.
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:
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.
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 news.
What is the scope of KNGRF's 2025 drilling program at Las Coloradas?
Kingsmen Resources has planned 14 diamond drill holes targeting the Soledad and Soledad II structures/vein systems, with drilling scheduled to run through May, June, and July 2025.
Where is Kingsmen Resources' Las Coloradas silver project located?
The Las Coloradas silver project is located in the Parral mining district of the Central Mexican Silver Belt, Chihuahua Mexico.
What were the historical sampling results at KNGRF's Las Coloradas project?
Surface sampling of residual mineralization in historic workings and the past-producing Las Coloradas mine yielded significant silver grades and locally anomalous gold values.
What is Kingsmen Resources' ownership stake in the Las Coloradas project?
Kingsmen Resources owns 100% of the Las Coloradas silver project.
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