Kingsmen Resources Ltd. reports mineral-exploration developments tied to its silver-gold and gold-silver projects in Chihuahua, Mexico. Recurring updates focus on drilling and assay results at the Las Coloradas project in the Parral mining district, including work on the Soledad and Soledad II vein systems, the DBD zone, and the Saddle target.
The company's news also covers exploration planning for Las Coloradas and the Almoloya project, claim ownership changes such as the Claudia 2 claim, and equity financing activity used to fund drilling and related business initiatives.
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. (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 (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