Kingsmen Expands Las Coloradas With Claudia 2 Acquisition and New Saddle Target

Kingsmen Resources ( (TSE:KNG) ) has shared an update.

Kingsmen Resources has acquired 100% ownership of the Claudia 2 claim, free of any royalty, consolidating and expanding its Las Coloradas silver-gold project in Parral, Chihuahua, Mexico. The acquisition broadens the company’s district-scale footprint by adding the never-drilled Saddle target and extending the Soledad and Soledad II high-grade vein systems.

The Saddle target, located about 5 kilometres from the core Las Coloradas area, lies between two magnetic highs and shows geophysical and geochemical signatures consistent with epithermal, skarn and porphyry-style mineralization. Kingsmen plans to test the Saddle target in an upcoming drill program alongside follow-up work on its 2025 discoveries, potentially enhancing the scale and significance of Las Coloradas within Mexico’s silver-gold belt.

More about Kingsmen Resources

Kingsmen Resources is a discovery-driven exploration company focused on two 100%-owned precious metals districts, Las Coloradas and Almoloya, in the historic Parral region of Chihuahua, Mexico. Both projects host past-producing high-grade silver and gold mines along key structural corridors in one of the world’s most productive silver belts, where recent drilling has outlined shallow, high-grade zones and multiple prospective vein systems.

Average Trading Volume: 134,036

Technical Sentiment Signal: Buy

Current Market Cap: C$36.38M

For detailed information about KNG stock, go to TipRanks’ Stock Analysis page.