The KE Report Kingsmen Resources – Key Exploration Areas At The Las Coloradas and Almoloya Projects For The 15,000 Meter Drill Program
Scott Emerson, President and CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) joins me to review the key drill targets and exploration initiatives at their 2 silver and gold projects, Las Coloradas and Almoloya, located in the Parral District, in Chihuahua, Mexico.
We start off with Scott reviewing the 3,300-meter maiden reconnaissance drill program in 2025; with 12 holes that encountered broad intercepts and contained pockets of high-grade silver and gold mineralization for follow-up drilling around the historic Mine Target and DBD Target.
The company has raised capital to go after a 15,000 meter follow-up program at both their Las Coloradas Project and initial drilling at the Almoloya Gold/Silver Project. At this point, about ¾ of the drilling will be stepping out and going deeper across Las Coloradas, while also testing a few compelling regional targets. Then there are 2 historic mine areas at Almoloya, with much different geology that will be drilled.
Las Coloradas High-Grade Silver Project
- Step-out and deeper drilling planned on the high-grade Soledad and Soledad II vein systems, following up around the Mine and DBD zones
- Approximately 700 metres of the Soledad structure remains to be tested
- New priority regional drill targets emerging at Saddle, Silvia, Leona, and La Plata zones
- Multiple large-scale, largely untested targets highlight district-scale discovery potential at Las Coloradas
Almoloya Gold/Silver Project
- Initial diamond drilling planned on the gold-rich Juliettas structures
- District-scale CRD and oxide potential identified at Cigarrero Mine área
Wrapping up Scott highlights the financial health of the company, the closing of the upsized bought deal financing in January, continued support from key stakeholders, the pattern of raising money at higher and higher valuations, the ability of in-the-money warrants to potentially bring in more funds. Scott reiterated that the future value creation will be determined with the drill bit, and the Company is cashed up well to execute on this exploration program, and will remain drilling for the balance of this year.
If you have any questions for Scott regarding Kingsmen Resources, then please email those to me at Shad@kereport.com.
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