Kingsmen Res (KNGRF) Stock News

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) has announced significant results from its first drill program at the Las Coloradas silver project in Mexico's Parral mining district. The company reported a high-grade silver discovery in hole LC-25-010, intersecting 1,742 g/t silver equivalent over 0.7 meters, including 770 g/t silver from 190.85-191.55m depth.

The drill program revealed a wide mineralized zone of 138 g/t silver equivalent over 13.35 meters at shallow depths of approximately 125 meters. The mineralization includes massive sulphides with strong pathfinder elements indicating a larger system. The project, covering an 8.5 km² consolidated historic mining district, has less than 5% of its property explored, suggesting significant discovery potential.

The company completed a 12-hole program totaling 3,227.2 meters, with assays pending from eleven additional holes.

Kingsmen Resources (OTCQB: KNGRF) held its Annual and Special Meeting on September 10, 2025, where shareholders elected six directors to the board and approved key resolutions. The company received approval for a new 10% rolling omnibus equity incentive plan, pending TSX Venture Exchange final acceptance.

Following the meeting, the board appointed Scott Emerson as President and CEO, Nick DeMare as CFO, and Harvey Lim as Corporate Secretary. The audit committee will consist of DeMare, Johnston, and Downes.

Kingsmen Resources (OTCQB: KNGRF) has completed its maiden drilling program at the Las Coloradas silver project in Mexico's Parral mining district, executing 12 core holes totaling 3,227.2 meters. The program focused on testing silver mineralized zones on the Soledad and Soledad II structures, along with geophysically identified targets.

The drilling campaign validated the company's geological model by confirming that mineralization extends along strike and beneath the water table. The program tested limited segments of the Soledad (1.6 km) and Soledad II (1.2 km) structures, with significant portions still remaining unexplored. The drill rig remains on site pending assay results and geological data compilation.

Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) featured in a new episode of the Exploring Mining Podcast, discussing their mining operations in Mexico's Parral district. The company highlighted two key projects: Las Coloradas, where a 24/7 drilling program is ongoing beneath a historic high-grade silver mine, and the newly acquired Almoloya Project, which is three times larger than Las Coloradas.

The company is fully funded for its 14-hole drill program at Las Coloradas and initial exploration at Almoloya. Both projects involve structured payments over eight years, aligning with Kingsmen's strategy to become a leading explorer in the Parral district.

Kingsmen Resources (OTCQB: KNGRF) has signed a non-binding letter of intent to acquire the Almoloya Gold-Silver Project in Mexico's Parral Mining District. The project, spanning 866.25 hectares, is located 30 kilometers from Kingsmen's Las Coloradas silver project and includes the historic Cigarrero and Las Juliettas mines.

The acquisition terms include total cash consideration of US$8.625 million over 8 years and a 2.5% NSR royalty to the Optionors. Kingsmen has a 60-day due diligence period and can repurchase 1% of the NSR for US$3 million.

The Almoloya Project features historical production from the Cigarrero Mine of approximately 1.25 million tonnes of ore grading 600 g/t Ag, 40% Pb, and 25% Zn. The project represents a consolidation of five mineral claims with potential for gold-rich oxide and sulphide mineralization.

Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) is advancing its 100% owned Las Coloradas silver project in Mexico's Parral mining district, Chihuahua. The project, historically operational from 1944-1952, produced high-grade silver up to 600 g/t from epithermal veins. Located 30km southeast of Hidalgo de Parral, the property spans a 1.7km mineralized corridor featuring the Soledad and Soledad II structures. The company has recently raised $1.135 million and commenced a 14-hole diamond drilling program. The exploration targets multiple zones including Mine, Aguilar, Leona, and the new DBD zone, with 3D-IP surveys helping refine drill targets below the water table at 125 meters. The project's strategic location near major mines like First Majestic's Gatos Mine and Kootenay Silver's La Cigarra project enhances its potential.

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.