Kingsmen Res Stock Price, News & Analysis

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.

Kingsmen Resources Ltd. (KNGRF) has announced the commencement of a diamond drilling program at its Las Coloradas silver project in the Parral mining district, Chihuahua Mexico. The company has secured all necessary permits and land access agreements, with 14 holes planned for drilling. The program will focus on the Soledad and Soledad II structures/vein systems, where historic workings have shown significant silver grades and anomalous gold values.

The drilling will begin with one core rig and may expand into multiple phases throughout 2025, depending on results. The company highlights the unique opportunity of controlling an essentially untested high-grade silver project in the prolific Parral Mining District, which was previously under fragmented ownership. Recent IP geophysical survey suggests a deeper mineralizing system than previously documented.

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 (TSXV: KNG, OTCQB: KNGRF) has announced a non-brokered private placement financing to raise up to $1.512 million. The financing involves issuing up to 2,100,000 units at $0.72 per unit, with each unit comprising one common share and one-half of a common share purchase warrant.

Each whole warrant will allow holders to purchase an additional common share at $0.89 for a two-year period from closing. The proceeds will be used to advance the company's Las Coloradas Silver/Gold project in Mexico and for working capital. The securities will be subject to a four-month hold period and regulatory approvals, including TSX Venture Exchange acceptance.

Kingsmen Resources (TSXV: KNG) (OTCQB: KNGRF) has announced successful results from a 3D induced polarization-resistivity (3D IP) survey at its Las Coloradas project in the Parral mining district, Chihuahua Mexico. The survey identified five new high-priority drill targets associated with high chargeability/high resistivity zones.

The survey, conducted by Geofisica TMC, covered approximately 1/3 of the project area, including historic workings and the past-producing Las Coloradas mine. A total of 14 holes have been proposed for the initial drill program. The survey consisted of 16 km of IP with 3D off-set pole-dipole electrode array, covering an area of 1.6 km by 1.8 km.

Key targets identified include:

• The Mine target: Located at the SE end of the Soledad structure/vein system
• The Leona target: Covering 530 meters of old high-grade workings
• The Aguilar target: Spanning 250 meters of old high-grade workings

Kingsmen Resources (TSXV: KNG) (OTCQB: KNGRF) has reported additional exploration results from its Las Coloradas project in the Parral mining district, Chihuahua Mexico. The company completed geochemical sampling analysis at the Silvia and La Plata zones, which are located on a 2,500 meter-long, NE-trending zone of structures.

The analysis revealed significant variations in pathfinder elements correlating with silver, suggesting different pulses of mineralization. Key findings include: high-grade samples across intrusive, volcanic and sedimentary rocks; zinc values closely tracking silver distribution; antimony showing strong presence in areas with weak silver mineralization, suggesting potential blind silver deposits; and consistent arsenic presence across all samples, a reliable precious metals indicator.

The La Plata zone features unique N-trending structures that may indicate buried quartz porphyry intrusives. The company has identified multiple promising drill targets based on the geochemical data analysis.

Kingsmen Resources (TSXV: KNG) (OTCQB: KNGRF) has reported new geochemical data from its Las Coloradas project in Mexico's Parral mining district. The company analyzed samples from the Soledad and Soledad II structures/vein systems, revealing significant variations in pathfinder elements correlated with silver content.

The analysis identified several key target areas including Mine, Aguilar, and Leona zones. Notable findings include: lead closely tracking silver values, strongest zinc values in Aguilar, higher gold values in Leona and Mine areas, and elevated antimony levels focusing attention on Mine and Leona. Tellurium and bismuth, indicators of intrusion-related gold deposits, showed better values in Mine and Aguilar.

The company plans to use this data to guide its upcoming drill program, which will test both the depth extent of known quartz vein silver mineralization and gold-enriched targets where intrusion-related precious metal mineralization may be present.