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Kingsmen Resources ( (TSE:KNG) ) has shared an update.
Kingsmen Resources has reported new drill assays from its Las Coloradas project in Chihuahua, highlighting high-grade silver-equivalent mineralization and growing scale across multiple structures. The first hole into the Soledad II structure, LC-25-012, intersected 4.8 metres grading 90 g/t silver equivalent, including 1.3 metres at 270 g/t AgEq and a higher-grade sub-interval of 0.8 metres at 360 g/t AgEq, in a step-out located 1.5 kilometres northwest of the original Soledad discovery. Combined with previous high-grade results from the Soledad and No. 8 structures, as well as continuity confirmed by hole LC-25-009 extending mineralization 70 metres along strike at Rosario, the results underscore that Las Coloradas hosts a broader mineralized system rather than a single vein. This emerging picture of multiple high-grade, kilometre-scale targets strengthens the project’s district-scale potential and could enhance Kingsmen’s strategic positioning in the silver-gold exploration space if further drilling confirms continuity and size.
More about Kingsmen Resources
Kingsmen Resources is a Canadian mineral exploration company focused on advancing its Las Coloradas silver-gold project in Chihuahua, Mexico. The company targets high-grade precious metal vein systems with district-scale potential, seeking to delineate multiple parallel structures over several kilometres to build a significant silver-gold resource base.
Average Trading Volume: 32,948
Technical Sentiment Signal: Buy
Current Market Cap: C$64.31M
See more data about KNG stock on TipRanks’ Stock Analysis page.