Kingsmen Resources Confirms Mineralized Structure Extends at Least 106 Meters at Las Coloradas Project in Mexico

en.Wedoany.com Reported - Kingsmen Resources Ltd. has reported assay results from two additional diamond drill holes, LC-26-014 and LC-26-015, at its 100%-owned Las Coloradas silver project in Mexico, confirming the mineralized structure extends at least 106 meters along strike and has been intersected to a true vertical depth of 155 meters. The project is located in the historic Parral mining district within Mexico's central silver belt. The company's geology department believes the system remains open at depth and along strike.

The latest drilling confirms the mineralized structure is distributed across three sections spaced 50 meters apart. Drill hole LC-26-014 was an aggressive exploration hole designed to test 100 meters below drill hole LC-25-007 and 90 meters below historic workings. Its most notable result was an intersection of 1.40 meters grading 433 g/t silver equivalent (239 g/t silver), including a 0.75-meter interval grading 787 g/t silver equivalent (435 g/t silver).

The other step-out hole, LC-26-015, intersected the mineralized structure 96 meters below old workings, returning 1.70 meters grading 185 g/t silver equivalent (139 g/t silver), including a higher-grade interval of 0.68 meters grading 438 g/t silver equivalent (336 g/t silver).

Kingsmen Resources President Scott Emerson stated that the company continues to expand the project area and has observed mineralization similar to that historically mined, giving the team confidence that it is within a mineral-rich system. He also emphasized that these discoveries are a direct extension of the veins mined by ASARCO between 1942 and 1952 in the mid-20th century.

Scott Emerson noted that 19 drill holes have now been completed at the Las Coloradas project, with only 3 results disclosed by the company. The 3-square-mile project area still holds significant unexplored potential, with silver-gold mineralization continuing to demonstrate consistency and structural openness.