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Kingsmen Resources ( (TSE:KNG) ) has issued an update.
Kingsmen Resources Ltd. has reported promising results from its surface sampling program at the Almoloya project in Mexico, with high-grade gold samples identified in the South Block. The findings, including a sample with over 34.1 g/t gold, suggest significant exploration potential and new targets, positioning the company for growth and value creation for shareholders. The Almoloya project, which consolidates historically fragmented claims, remains largely unexplored, offering untapped potential in a productive mining district.
More about Kingsmen Resources
Kingsmen Resources Ltd. operates in the mining industry, focusing on the exploration and development of gold and silver projects. The company owns the Almoloya gold-silver project and the Las Coloradas silver project, both located in the Parral Mining District of Chihuahua, Mexico. Kingsmen’s strategy involves consolidating fragmented land claims into contiguous packages to enhance exploration potential.
Average Trading Volume: 39,272
Technical Sentiment Signal: Buy
Current Market Cap: C$56.59M
See more data about KNG stock on TipRanks’ Stock Analysis page.