Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
The latest update is out from Kingsmen Resources ( (TSE:KNG) ).
Kingsmen Resources has reported new drill results from its Soledad structure, confirming continuity and increasing width and grade of silver mineralization approximately 70 metres down-dip from earlier intercepts. Key hole LC-25-005 returned 15.7 metres grading 74 g/t silver equivalent, including high-grade intervals of 704 g/t and 1,379 g/t silver equivalent over narrow widths, while previously released undercut hole LC-25-010 cut a 13.5-metre zone grading 64.3 g/t silver, with a 1.45‑metre interval at 1,028 g/t silver equivalent. Although two step-out holes hit old ASARCO mine workings where the Soledad zone has been extracted, they still intersected remnant high-grade silver and gold with strong alteration and associated base metals and pathfinder elements, supporting management’s view that untested high-grade silver and gold potential remains open along strike and at depth, which could enhance the project’s scale and strategic value if further drilling continues to confirm these trends.
More about Kingsmen Resources
Kingsmen Resources Ltd. is a Canadian mineral exploration company focused on silver and gold, advancing its projects through diamond drilling and geological analysis. The company targets high-grade precious metal systems, with current work centered on the Soledad mineralized structure, historically mined by ASARCO, indicating a brownfields exploration strategy with potential for resource expansion at depth and along strike.
Average Trading Volume: 38,135
Technical Sentiment Signal: Buy
Current Market Cap: C$80.02M
For a thorough assessment of KNG stock, go to TipRanks’ Stock Analysis page.