Mike Fagan,
Editor
April 24, 2026
Kingsmen Resources Ltd. (TSX-V: KNG)(OTC: KNGRF) — currently trading around C$1.15 per share in a strong precious metals market — has commenced its 11,000-meter drill program at the flagship, 100%-owned Las Coloradas silver-gold project located in the Parral Mining District in Chihuahua State, Mexico.
The fully-funded Phase-2 program comes on the heels of the company’s successful 2025 maiden drill campaign, which returned multiple high-grade silver-gold intercepts and helped validate the broader district-scale potential of the project.
The newly launched Phase-Two program will comprise an initial 6,000 meters of core drilling, followed by an additional 5,000 meters guided in part by early results.
Initial holes will focus on stepping out from successful 2025 intercepts, including at the Soledad and Soledad II vein systems, while also testing the newly prioritized Saddle target — a separate untested zone located roughly 5 km west of the main Las Coloradas trend.
Kingsmen Resources president & CEO Scott Emerson — whom you’ll hear from next in our exclusive interview — commented on the start of Phase-Two drilling at Las Coloradas via press release:
“Last year’s discoveries at Las Coloradas have given us clear direction on where to focus in this year’s program. That’s our first priority. We are optimistic that this year's work will confirm our view of the potential for an entire district which we had in mind when we acquired the Las Coloradas project in 2023. This season’s program aims to complete at least 6,000 meters of core drilling in the first pass followed by an additional 5,000 meters. In addition, the Company is in the planning stages to drill at its Almoloya project located 30 km from the Las Coloradas project in the same mineral district. This project presents a different opportunity as it is predominantly a gold project as we know it (see news release of December 5, 2025).”
Importantly, Kingsmen has moved well beyond proof-of-concept at Las Coloradas as it transitions to systematic expansion across a fully consolidated high-grade silver-gold district with Phase-Two featuring tighter step-outs and deeper drilling designed to define widths, continuity, and the system’s overall size potential.
Almoloya Gold-Silver Project
Beyond Las Coloradas, KNG is simultaneously advancing the nearby Almoloya project, located roughly 30 km away along the same regional trend.
Almoloya is a past-producing gold-silver system with historic drilling, strong reported widths and grades, and a substantial historical dataset.
Much like Las Coloradas, the project had previously been fragmented among multiple holders before Kingsmen consolidated the full land package. Field crews are actively preparing the property for its first modern systematic drill campaign slated for later this year.
Supported by a strong treasury and a sub-C$45 million market cap, Las Coloradas and Almoloya provide Kingsmen with not one but two district-scale, past-producing projects in the heart of the Parral region, offering multiple shots-on-goal for discovery success via the drill bit in 2H 2026.
With gold currently trading above US$4,700/oz and silver north of US$75/oz, Kingsmen Resources is on track for a catalyst-rich stretch as activity heats up across its two neighboring projects.
As promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Kingsmen Resources president & CEO Scott Emerson, direct from the field with drills turning, to discuss the breadth of the newly commenced program at Las Coloradas, plus a look ahead to maiden drilling at Almoloya. Please enjoy!
For additional information on Vancouver-based Kingsmen Resources Ltd., be sure to contact the company’s IR department at 604-685-9316 or via email at info@kingsmenresources.com.
Sign up to receive updates directly from the company at the Kingsmen Resources corporate website. View the most recent Corporate Presentation here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
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