Categories: Precious Metals
Topics: General Precious Metals

Tiny Miner Consolidates Entire Silver-Gold District

Kingsmen Resources Ltd. (TSX-V: KNG)(OTC: KNGRF) — currently trading around C$0.35 per share — is advancing the flagship Las Coloradas silver-gold project, which represents a consolidation of a historic mining district in Mexico covering numerous silver-gold-lead-zinc-copper mines.   

The 8.5 sq km project is situated in the prolific Parral mining district of the Central Mexican Silver Belt, an area previously exploited by ASARCO (American Smelting and Refining Company), the US-based subsidiary of Grupo Mexico.

Kingsmen Resources Ltd. - The 8.5 sq km project is situated in the prolific Parral mining district of the Central Mexican Silver Belt.

Kingsmen is in the midst of an expansive surface sampling program at Las Coloradas with a current focus on the Soledad I and Soledad II structures located in the southwest corner of the claims. 

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The first set of samples from the program produced positive assay results with Kingsmen Resources president & CEO Scott Emerson — whom you’re about to hear from directly in our exclusive interview — stating via press release: 

“These results are very encouraging and they align well with the reported historic silver and gold production grades of 300 to 518 g/t silver, 0.6 to 0.8 g/t gold, 6.2 to 10.9% lead and 6.5 to 10.3 % zinc.”

Highlights from the ongoing sampling program include:

  • Thirtynine samples collected:
    • 2 > 500 grams per tonne (g/t) silver
    • 4 > 200 g/t silver
    • 9 > 100 g/t silver
  • Three separate target areas recognized on the Soledad vein/structure
  • New 300 meter long mineralized structure recognized

Tiny Miner Consolidates Entire Silver-Gold District.

The drill-ready Las Coloradas project — where drill permitting is underway — is situated in a mining-friendly region of Chihuahua State, and, more specifically, in the Parral mining district, which was built around the historic La Prieta Mine with known silver production spanning more than three centuries. 

As you’re about to discover in our exclusive interview coming right up, Kingsmen CEO Scott Emerson and the KNG team see potential for up to 119 million ounces of silver, half a million ounces of gold, one billion ounces of lead, and two billion pounds of zinc at Las Coloradas based on historical data. 

Of course, all of that will have to be proven up by way of the drill; we’re talking early-stage exploration here with the current surface sampling program just underway in one area of the property. Yet, needless to say, the company sees immense precious and base metals potential in the ground it’s surveying wherein it holds a seven-year option to earn in 100%.

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In addition to the flagship Las Coloradas project, Kingsmen holds a 1% NSR (Net Smelter Return) on the Los Ricos North project in Mexico operated by GoGold Resources, which is spending close to C$85 million to advance the project.  

Kingsmen is well structured with only ~19.3 million shares outstanding, no debt, and C$1.3 million in the treasury.  

As promised, our own Gerardo Del Real of Junior Resource Monthly caught up with Kingsmen Resources CEO Scott Emerson to go over the plans and process for advancing the flagship Las Coloradas project in Chihuahua State, Mexico. 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.

Mike Fagan

Mike Fagan
Editor, Resource Stock Digest