Kingsmen Commences 2025 Las Coloradas Exploration
Kingsmen Resources (TSXV: KNG) (OTCQB: KNGRF) has announced the commencement of its field reconnaissance program on the Saddle Extension zone ('Saddle X') at its wholly-owned Las Coloradas project in Mexico's Parral mining district. The Saddle X area covers 1.8 x 1.4 kilometers between the Saddle target and the Soledad structures/historic Las Coloradas mine.
The company aims to better define this newly discovered drill target, with President Scott Emerson noting that the magnetic signature of the area strongly resembles the La Prieta mine in Parral City. The exploration work is being conducted alongside preparations for their initial drill program, with management suggesting the Saddle target could significantly enhance their resource potential.
Kingsmen Resources (TSXV: KNG) (OTCQB: KNGRF) ha annunciato l'inizio del suo programma di ricognizione sul campo nella zona Saddle Extension ('Saddle X') del suo progetto Las Coloradas, interamente posseduto, situato nel distretto minerario di Parral, in Messico. L'area Saddle X si estende per 1,8 x 1,4 chilometri tra il target Saddle e le strutture Soledad/miniera storica Las Coloradas.
L'azienda mira a definire meglio questo nuovo target di perforazione scoperto, con il presidente Scott Emerson che osserva come la firma magnetica dell'area assomigli fortemente a quella della miniera La Prieta nella città di Parral. I lavori di esplorazione vengono condotti in parallelo alle preparazioni per il loro programma di perforazione iniziale, con la direzione che suggerisce come il target Saddle possa migliorare significativamente il loro potenziale di risorse.
Kingsmen Resources (TSXV: KNG) (OTCQB: KNGRF) ha anunciado el inicio de su programa de reconocimiento de campo en la zona Saddle Extension ('Saddle X') de su proyecto Las Coloradas, de propiedad total, ubicado en el distrito minero de Parral en México. El área de Saddle X cubre 1.8 x 1.4 kilómetros entre el objetivo Saddle y las estructuras de Soledad/mina histórica Las Coloradas.
La empresa tiene como objetivo definir mejor este nuevo objetivo de perforación descubierto, y el presidente Scott Emerson destacó que la firma magnética del área se asemeja mucho a la mina La Prieta en la ciudad de Parral. El trabajo de exploración se lleva a cabo junto con los preparativos para su programa de perforación inicial, sugiriendo la dirección que el objetivo Saddle podría mejorar significativamente su potencial de recursos.
Kingsmen Resources (TSXV: KNG) (OTCQB: KNGRF)은 멕시코 파랄 광산 지구에 있는 전액 출자한 Las Coloradas 프로젝트의 Saddle Extension 존 ('Saddle X')에서 현장 정찰 프로그램을 시작한다고 발표했습니다. Saddle X 지역은 Saddle 목표와 Soledad 구조물/역사적인 Las Coloradas 광산 사이의 1.8 x 1.4 킬로미터를 포괄합니다.
회사는 새롭게 발견된 이 시추 목표를 보다 명확히 정의하는 것을 목표로 하고 있으며, 스콧 엠메르슨 사장은 해당 지역의 자기 서명이 파랄 시에 있는 라 프리에타 광산과 매우 유사하다고 설명했습니다. 탐사 작업은 초기 시추 프로그램을 위한 준비와 함께 진행되고 있으며, 경영진은 Saddle 목표가 그들의 자원 잠재력을 크게 향상시킬 수 있다고 제안하고 있습니다.
Kingsmen Resources (TSXV: KNG) (OTCQB: KNGRF) a annoncé le lancement de son programme de reconnaissance sur le terrain dans la zone Saddle Extension ('Saddle X') de son projet Las Coloradas, entièrement détenu, situé dans le district minier de Parral au Mexique. La zone de Saddle X couvre 1,8 x 1,4 kilomètres entre la cible Saddle et les structures Soledad/minière historique Las Coloradas.
La société vise à mieux définir cette nouvelle cible de forage découverte, le président Scott Emerson notant que la signature magnétique de la région ressemble fortement à celle de la mine La Prieta dans la ville de Parral. Les travaux d'exploration sont réalisés parallèlement aux préparatifs de leur programme de forage initial, la direction suggérant que la cible Saddle pourrait améliorer considérablement leur potentiel de ressources.
Kingsmen Resources (TSXV: KNG) (OTCQB: KNGRF) hat den Beginn seines Geländeerkundungsprogramms in der Saddle Extension Zone ('Saddle X') seines vollständig im Eigentum befindlichen Las Coloradas Projekts im Bergbaugebiet Parral in Mexiko bekannt gegeben. Das Gebiet Saddle X erstreckt sich über 1,8 x 1,4 Kilometer zwischen dem Saddle-Ziel und den Soledad-Strukturen/historischen Las Coloradas Mine.
Das Unternehmen hat das Ziel, dieses neu entdeckte Bohrziel besser zu definieren, wobei Präsident Scott Emerson bemerkte, dass das Magnetfeld der Region stark dem der La Prieta Mine in der Stadt Parral ähnelt. Die Erkundungsarbeiten werden parallel zu den Vorbereitungen für ihr anfängliches Bohrprogramm durchgeführt, wobei das Management vorschlägt, dass das Saddle-Ziel ihr Ressourcenpotential erheblich steigern könnte.
- 100% ownership of Las Coloradas project
- Discovery of new Saddle X zone with 1.8 x 1.4 km coverage
- Magnetic signature similar to established La Prieta mine
- None.
Vancouver, British Columbia--(Newsfile Corp. - January 8, 2025) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) ("Kingsmen" or the "Company") is pleased to report it will commence its field reconnaissance program on the Saddle Extension zone ("Saddle X") . The Saddle and Saddle X areas are part of its
Figure 1
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The Saddle X covers an area of 1.8 X 1.4 kilometers (1.2 square miles) between the Saddle target and the Soledad structures/historic Las Coloradas mine (Figure 1), where the company is planning its initial drill program. The goal of Kingsmen's exploration in this area is to better define this newly discovered drill target.
President, Scott Emerson, commented: "We are excited to start 2025, putting the logistics together for our initial drill program and the expanded field work on the newly discovered Saddle target. The magnetic signature of this area strongly resembles the La Prieta mine in Parral City. The Saddle target presents an opportunity which could significantly add to our resource potential"
About Las Coloradas
The Las Coloradas Project ( 8.5 km2 -3.3 sq miles) represents a consolidation of a historic mining district that covers numerous silver-gold-lead-zinc-copper mines previously exploited by ASARCO (American Smelting and Refining Company), the U.S.- based subsidiary of Grupo Mexico.
Las Coloradas is in the Parral mining district of the Central Mexican Silver Belt, located approximately 30 kilometers southeast of the city of Hildago de Parral and 40 kilometers east of the San Francisco de Oro and Santa Barbara mining districts where several old major mines are located: La Prieta, Veta Colorada, Palmilla, Esmeralda, San Francisco del Oro and Santa Barbara. As well, new major mining projects are currently being explored in the district: Cordero (Discovery Silver Corp.), 35 kms north of Parral, and La Cigarra (Kootenay Silver Inc.), 35 kms northwest of Parral. Click here to see locator map, https://www.kingsmenresources.com/area-history
Qualified Person
Kieran Downes, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure set out in this news release.
About Kingsmen Resources
Kingsmen Resources is a mineral exploration company focused on advancing its
On behalf of the Board, Signed:
"Scott Emerson"
Scott Emerson,
President & CEO
Phone: 6046859316
Email: se@kingsmenresources.com
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement:
All statements, trend analysis and other information contained in this press release about anticipated future events or results constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "expect" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions. All statements, other than statements of historical fact, included herein, including, without limitation, statements regarding the completion of the acquisition of the Las Coloradas Project and receipt of regulatory approval, are forward-looking statements. Although Kingsmen believes that the expectations reflected in such forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-looking statements since Kingsmen can give no assurance that such expectations will prove to be correct. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements, including the risks, uncertainties and other factors identified in Kingsmen's periodic filings with Canadian securities regulators, and assumptions made with regard to: Kingsmen's ability to make the required payments under the definitive agreements; and Kingsmen's ability to secure the necessary regulatory approvals. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that could cause actual results to differ materially from Kingsmen's expectations include risks associated with the business of Kingsmen; risks related to the satisfaction or waiver of certain conditions to the closing of the acquisition of the Las Coloradas Project; non-completion of the acquisition of the Las Coloradas Project; risks related to exploration and potential development of the Las Coloradas Project; business and economic conditions in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other governmental approvals; and other risk factors as detailed from time to time and additional risks identified in Kingsmen's filings with Canadian securities regulators on SEDAR in Canada (available at www.sedarplus.ca). Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Kingsmen does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.
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FAQ
What is the size of Kingsmen Resources' (KNGRF) new Saddle X exploration zone?
Where is Kingsmen Resources' (KNGRF) Las Coloradas project located?
What is the significance of the Saddle X magnetic signature for KNGRF?
What is Kingsmen Resources' (KNGRF) ownership stake in the Las Coloradas project?
