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Kingsmen Resources ( (TSE:KNG) ) has shared an update.
Kingsmen Resources Ltd. has announced a non-binding letter of intent to acquire the Almoloya Gold-Silver Project in the Parral Mining District, Chihuahua, Mexico. This acquisition represents a strategic move to consolidate fragmented claims into a single land package, enhancing the company’s exploration potential in a historically productive district. The Almoloya Project includes past producing mines and offers significant potential for new discoveries of gold and CRD deposits, aligning with Kingsmen’s goal to become a leading explorer in the region.
More about Kingsmen Resources
Kingsmen Resources Ltd. is a company focused on exploration in the mining industry, primarily dealing with precious metals such as gold and silver. The company is involved in regional exploration programs, particularly in the Parral Mining District, with a focus on epithermal and carbonate replacement deposits.
Average Trading Volume: 34,770
Technical Sentiment Signal: Buy
Current Market Cap: C$24.07M
For detailed information about KNG stock, go to TipRanks’ Stock Analysis page.