Categories: Precious Metals
Topics: General Precious Metals

Kingsmen Resources (TSX-V: KNG)(OTC: KNGRF) Director Carlos Garza on Maiden Drill Program at Las Coloradas

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the director and Mr. Hands-on at Kingsmen Resources (TSX-V: KNG)(OTC: KNGRF), Mr. Carlos Garza.

Carlos Garza: Thank you. I'm so excited to have you here. We're really excited. We're in the field. We're working in the field, really excited. We have the field crew making the last arrangements so we can start that drill program. We're really excited. Maybe your audience already knows or not, but we just completed a really good 3D-IP and we got really encouraging results. So we already had some targets to drill, but after that we multiplied that target. I'm just right here standing at the Soledad structure, Gerardo. So yeah, we're really excited. We went all the way through the checklist. We're just right away to start drilling up here in the property.

Gerardo Del Real: Excellent. So for people that aren't familiar, and our audience obviously is very, very familiar with Kingsmen because I'm on the record as saying that, one, I'm a very biased shareholder, but two, Kingsmen is my favorite pure silver play right now in the space. It's had a good run. The market cap is still tiny, sub-20 million, and I believe that the upside is imminent, and I believe that soon the truth machine will start letting us know the secrets of what was left behind at the project. Can you provide for our audience that may be newer to the project, the scale of the system that we're going to be chasing? Because I know the recent results have done a couple of things. One, it delayed drilling a little bit because you wanted to make sure you had the absolute best targets.

Carlos Garza: That's right.

Gerardo Del Real: You have an embarrassment of targets right now, structures along several kilometers. Can you speak to that?

Carlos Garza: Of course. Yeah. Well, we have a big potential here. We have more than 200 million ounces silver equivalent in this land. We have known structures, big structures. They run all of the property that this property has been not drilled before from a junior company. Through Scott, our president, Scott Emerson’s leadership, we were able to get all the block. So it's now 100% of Kingsmen Resources property. So we have big structures going all the way. We cover almost all of them, the ones that we already know. And the ones that we don't know, they're also in our deck. So everybody's excited. One of the things that I wanted to tell you, also the community, for example, will go by and they're excited because they have been told by their ancestors that big, big, big amount of silver that was extracted from this place. So they see new eyes because we have new, really good new team in the field. So they see new eyes and they say, "Oh, are the rigs coming yet?" And we're about to get them.

Gerardo Del Real: So here's something that also excites me. We know the structure is rich in silver. We know historically the grades have been very high grades, but we also know that with these types of silver deposits, at depth, the grades tend to increase. And this would be the first time ever that we drill below the water table, correct?

Carlos Garza: That's right. Yeah. We have big new drill targets. We have the old ones because we want to go below the old workings where these old men got really high grades from silver. So yeah. And the other thing is that we're really excited because the exploration is what drives the company. So we had to find a mine. We found it. Okay. So we're just starting to build that mine and then we can make a big transaction for our shareholders.

Gerardo Del Real: Tell me about the new target that is more gold centric, because you found a new target here recently that I know is I believe a couple of kilometers separate from this area and is a completely brand new target. You mentioned the potential in the target at this particular zone for 200 million silver equivalent ounces. But this new target over here doesn't factor into that. It's a separate, separate target, correct?

Carlos Garza: It's completely different. Now maybe we could say we have two projects in the same land, so it's far away. We also cover it, we cover a lot of land, and we also have been calling the Saddle target. So it's between some magnetic reference that we're really encouraged to do some work over there also.

Gerardo Del Real: The $100 million question, because I think that's where the market cap is going here in the next several months, when does the drill bit start turning? Everybody wants to see the drill bit turn. It looks like the weather is excellent. Silver is running past $32. Gold is at $3,200 with a lot of room left to run. It's the perfect environment for a brand new discovery. When do we start to see what's down there?

Carlos Garza: We are just about together, Gerardo. We have to go all the way through the checklist. To be honest, I think we have covered all the checklist. We have the crew field here where they're just putting the last details so they can put those drill cores in the ground, where they're already marking the drill that we're going to start at. So that drill bit, it's about to start breaking some ground. It will be faster than you think.

Gerardo Del Real: Excellent. Well, I'm looking forward to hearing the details of the program. Carlos, I wish you guys all the luck, and obviously I'm biased because I'm also going to benefit from what I think is a lot of hard work. But a little luck goes a long way, right?

Carlos Garza: Yeah, that's right. And we're in love with this project because we have put a lot of work here, but it will be worth it for you, myself and all the shareholders.

Gerardo Del Real: Well said. Carlos, thank you so much.

Carlos Garza: Gracias, Gerardo. Have a good one. Bye-bye.

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