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The latest announcement is out from Kingsmen Resources ( (TSE:KNG) ).
Kingsmen Resources Ltd. announced the successful completion of a 3D induced polarization-resistivity survey at its Las Coloradas project in Mexico, identifying five new high-priority drill targets. This development enhances the company’s confidence in its upcoming drilling program, potentially impacting its operations positively by expanding its resource base. The survey covered key areas, including historic workings, and revealed mineralized structures that have not been previously drill-tested, indicating significant exploration potential for Kingsmen in the Central Mexican Silver Belt.
More about Kingsmen Resources
Kingsmen Resources is a mineral exploration company focused on advancing its 100% held Las Coloradas Project located in the prolific mining district of Parral, Mexico. The project hosts the historic past producing high-grade silver mine, Las Coloradas, and is considered prospective for further precious metal deposits. The company also holds a 1% NSR on the La Trini claims, part of the Los Ricos North project operated by GoGold Resources Inc. Kingsmen is publicly traded and headquartered in Vancouver, British Columbia.
YTD Price Performance: 12.33%
Average Trading Volume: 32,697
Technical Sentiment Signal: Sell
Current Market Cap: C$19.15M
For an in-depth examination of KNG stock, go to TipRanks’ Stock Analysis page.