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The latest update is out from Kingsmen Resources ( (TSE:KNG) ).
Kingsmen Resources Ltd. has announced a new discovery of high-grade silver and gold mineralization at its Las Coloradas project in Mexico. The recent drill results indicate significant potential for new high-grade discoveries, with assays revealing 931 g/t silver equivalent with 1.28 g/t gold over 1.60 meters. This discovery, along with previous findings, suggests a new structure that could enhance the value of the mineralization and open opportunities for further exploration in untested areas of the property. The company’s strategic drilling program continues to reveal promising results, potentially positioning Kingsmen as a key player in the prolific Parral Silver District.
More about Kingsmen Resources
Kingsmen Resources Ltd. operates in the mining industry, focusing on the exploration and development of precious metal projects. The company is primarily engaged in the extraction of silver and gold, with a significant market focus on the Central Mexican Silver Belt, specifically the Parral mining district in Chihuahua, Mexico.
Average Trading Volume: 36,469
Technical Sentiment Signal: Buy
Current Market Cap: C$48.4M
For an in-depth examination of KNG stock, go to TipRanks’ Overview page.