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Kingsmen Resources Ltd. Announces That Soledad II Structure Returns High Grade Multi Element Sample Results

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Kingsmen Resources reports high grade multi-element sample results from the Soledad II structure on the Las Coloradas project in Mexico. The samples show significant silver, gold, copper, lead, and zinc values, indicating potential for precious metal mineralization. The company's sampling identified multiple areas of high-grade silver mineralization, with similarities to the nearby Santa Barbara mine. The mineralization is associated with felsic intrusives, suggesting favorable conditions for porphyry, skarn, and epithermal vein mineralization. The results are promising for ongoing drill targeting efforts.
Kingsmen Resources riporta risultati di campioni multi-elemento ad alto grado dalla struttura Soledad II nel progetto Las Coloradas in Messico. I campioni mostrano valori significativi di argento, oro, rame, piombo e zinco, indicando un potenziale per la mineralizzazione di metalli preziosi. Il campionamento della compagnia ha identificato molteplici aree di mineralizzazione d'argento ad alto grado, con somiglianze alla vicina miniera di Santa Barbara. La mineralizzazione è associata con intrusioni felsiche, suggerendo condizioni favorevoli per la formazione di porfiri, skarn e vene epitermali. I risultati sono promettenti per le continue attività di mira per le perforazioni.
Kingsmen Resources reporta resultados de muestras de alta ley de múltiples elementos de la estructura Soledad II en el proyecto Las Coloradas en México. Las muestras muestran valores significativos de plata, oro, cobre, plomo y zinc, indicando un potencial para la mineralización de metales preciosos. El muestreo de la compañía identificó múltiples áreas de mineralización de plata de alta ley, con similitudes a la cercana mina Santa Bárbara. La mineralización está asociada con intrusiones félsicas, lo que sugiere condiciones favorables para la mineralización de pórfidos, skarn y vetas epitermales. Los resultados son prometedores para los esfuerzos continuos de focalización de perforaciones.
Kingsmen Resources는 멕시코 Las Coloradas 프로젝트의 Soledad II 구조에서 고급 다원소 샘플 결과를 보고합니다. 샘플들은 상당한 은, 금, 구리, 납, 아연 값들을 보여주며, 귀금속 광물화의 잠재력을 나타냅니다. 회사의 샘플링은 인근 산타 바바라 광산과 유사한 고급 은 광물화의 다수 지역을 확인했습니다. 광물화는 화강암 관입체와 관련되어 있어, 선상, 스카른 및 상열수맥 광물화에 유리한 조건을 시사합니다. 이 결과들은 계속되는 시추 타겟팅 노력에 대해 유망합니다.
Kingsmen Resources rapporte des résultats élevés pour des échantillons multi-éléments de la structure Soledad II sur le projet Las Coloradas au Mexique. Les échantillons révèlent des valeurs significatives d'argent, d'or, de cuivre, de plomb et de zinc, indiquant un potentiel pour la minéralisation de métaux précieux. L'échantillonnage de l'entreprise a identifié plusieurs zones de minéralisation d'argent de haute qualité, similaires à la mine Santa Barbara voisine. La minéralisation est associée à des intrusions felsiques, suggérant des conditions favorables pour la minéralisation porphyrique, de skarn et de veines épithermales. Les résultats sont prometteurs pour les efforts continus de ciblage de forage.
Kingsmen Resources berichtet über hochgradige Multi-Element-Probenresultate von der Soledad II Struktur im Las Coloradas Projekt in Mexiko. Die Proben zeigen signifikante Werte von Silber, Gold, Kupfer, Blei und Zink, was auf ein Potenzial für Edelmetallmineralisierung hindeutet. Die Beprobung des Unternehmens identifizierte mehrere Bereiche mit hochgradiger Silbermineralisierung, ähnlich der nahegelegenen Santa Barbara Mine. Die Mineralisierung ist mit felsischen Intrusionen verbunden, was günstige Bedingungen für Porphyr-, Skarn- und epithermale Gangmineralisierung andeutet. Die Ergebnisse sind vielversprechend für die laufenden Bohrzielbemühungen.
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Vancouver, British Columbia--(Newsfile Corp. - April 18, 2024) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) ("Kingsmen" or the "Company") is pleased to report high grade multi-element analyses from the 1.2 km long Soledad II structure/vein system on the 100% owned Las Coloradas project, located in the Central Mexican silver belt, Chihuahua Mexico. The Soledad II structure is one of three currently identified structure/vein systems on the project. Results are presented in Figure 1 and Table 1.

Highlights:

  • Thirty- two (32) samples were analyzed.
  • 9 > 300 g/t silver-equivalent (AgEq)
  • 4 > 200 g/t AgEq
  • 3 > 100 g/t AgEq
  • 8 > 0.58 g/t gold

Kingsmen's sampling of residual mineralization in old workings on the NW-trending Soledad II structure/vein system identified four areas of high-grade silver mineralization on the main structure (A, B, C & D) and one on a NE-trending cross structure (E). The silver values and silver equivalents overall reflect the silver-lead-zinc gold-copper composition of the mineralization. Some higher gold values occur in area B (max. 2.89 g/t Au) along with high grade silver.

The old workings on the Soledad II structure are distributed over approximately 800 meters, however, the structure is at least 1.2 km in length. The better silver grades are localized in structural intersections and flexures in all rock types. NE-trending structures are locally recognized where they host mineralization, as in area E, and where they intersect the NW-trending Soledad II structure (areas B and C). A major zone of NE-trending structures lies to the north and the NE-trending structures here are related to that trend. The mineralization likely continues at depth below the water table which is at a depth of approximately 125 meters. Blind extensions to all the mineralized structures, as well as new structures, are probable at depth.

The sizes of the old workings suggest the exploited mineralization may have been up to several meters in width. There are strong similarities/parallels with the mineralization in the underground Santa Barbara mine where vein systems vary from 3 to 6.5 km along strike and the vertical extension of the shoots have a vertical extension of up to 900 meters. The Santa Barbara mine is located 40 kilometers east of the project.

The Las Coloradas mineralization is on the southeast flank of a prominent aeromagnetic high interpreted to be a buried felsic intrusive body. The felsic intrusives associated with the Soledad and other structures are likely linked to this body and the setting is favourable for porphyry, skarn and epithermal vein mineralization.

Scott Emerson, President, commented: "The recognition of high grade gold and silver mineralization in different locales is important as it may indicate a different style of precious metal mineralization, this work will aid us in our ongoing drill targeting."

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Figure 1

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Table 1

SAMPLE_ IDWidth (m)Au ppmAg ppmAg Eq g/tCu ppmPb ppmZn ppmArea
LC-200623-001Composite0.22162.00307183.5672005540C
LC-200623-002Composite0.4012.704391710339B
LC-200623-003Composite0.71352.005841395510051500B
LC-200623-004Composite2.42200.0039664.330300354B
LC-200623-0050.61.28218.0029573.677705110D
LC-200623-006Composite0.2632.90596728603050D
LC-200623-0071.50.1312.452610.4291090D
PRSLC-00010.70.24497.97498167010440 D
PRSLC-000212.46218.89376213010690D
PRSLC-00030.80.2385.609813404420D
PRSLC-000410.23142.9514310203280D
PRSLC-000510.2735.70555802800D
PRSLC-00060.50.22138.571367703160C
PRSLC-000710.014.80849453870C
PRSLC-00080.52.89481.6659510002350B
PRSLC-00090.60.4568.3087540184B
PRSLC-00100.50.98284.12298490218B
PRSLC-00110.51.29375.4739611701550B
PRSLC-00120.70.37329.822987002610B
PRSLC-00131.30.0952.4053200243B
PRSLC-00141.30.0419.6032145770190B
PRSLC-00230.60.1343.0052472550774E
PRSLC-00240.80.0554.70657262801210E
PRSLC-00250.60.12362.0336414103880E
PRSLC-00301.30.001.20242185150A
PRSLC-00310.50.025.9010361310544A
PRSLC-00350.50.0116.60192511601010A
PRSLC-00360.50.1613.7027211170954A
PRSLC-00830.60.2045.30163157758037330A
PRSLC-00840.80.40638.56768618070020360A
PRSLC-00850.60.012.50573559520720A
PRSLC-00860.70.5891.30212401433026340A

 

The silver equivalent calculation utilizes the standard equation and is based on current spot metal prices of silver $25/oz, gold $2163/oz, copper $4.04/lb, lead $$0.98/lb and zinc $1.16/lb. Recoveries are set at 100% for all metals for purposes of the silver equivalent calculation as no metallurgical test data is available. AgEq is used for illustrative purposes only and does not imply that the metals are economically recoverable.

QA/QC Program

The QA/QC program employes blanks and certified reference standard, and check sampling. Samples from separate areas were analyzed at Actlabs, Zacatecas. Sealed and tagged sample bags were transported to the laboratory where the entire sample was crushed to a nominal -2 mm, mechanically split to obtain a representative sub-sample and then pulverized to at least 95% -105 microns (µm).

All samples were analyzed for gold by Fire Assay Fusion-AA finish. All samples were analyzed for silver by aqua extraction with ICP finish. Multi-element analysis was by four acid extraction with ICP-OES finish.

About Las Coloradas

The 100% owned Las Coloradas Project (8.5 km2 -3.3 sq miles) represents a consolidation of a historic mining district which 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, and is located approximately 30 kilometers southeast of the city of Hidalgo de Parral and 40 kilometers east of the San Francisco de Oro and Santa Barbara mining districts where several old major mines are located, such as 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

In line with Kingsmen's organic-growth strategy, the Company's focus is on exploration and development, and is currently focused on district-scale exploration for high -margin metallic mineral deposits in the prolific mining districts of Parral Mexico. In addition, the company has a 1% NSR on the Los Ricos North project in Mexico operated by GoGold Resources Inc. The Company's leaders have extensive experience in the mining and financial sectors. Kingsmen is a publicly-traded company (TSXV: KNG) (OTCQB: KNGRF) and is headquartered in Vancouver, British Columbia.

On behalf of the Board,

"Scott Emerson"

Scott Emerson,
President & CEO
Phone: 604- 685-9316
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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/205921

FAQ

What are the highlights of the high grade multi-element analyses reported by Kingsmen Resources ?

Thirty-two samples were analyzed, with 9 samples showing over 300 g/t silver-equivalent, 4 samples over 200 g/t silver-equivalent, 3 samples over 100 g/t silver-equivalent, and 8 samples over 0.58 g/t gold.

Where is the Soledad II structure located?

The Soledad II structure is located on the 100% owned Las Coloradas project in the Central Mexican silver belt, Chihuahua Mexico.

What are some key findings from Kingsmen's sampling of residual mineralization on the Soledad II structure?

The sampling identified four areas of high-grade silver mineralization on the main structure (A, B, C & D) and one on a NE-trending cross structure (E), with significant silver, gold, copper, lead, and zinc values.

What is the significance of the mineralization being associated with felsic intrusives?

The felsic intrusives associated with the Soledad and other structures suggest favorable conditions for porphyry, skarn, and epithermal vein mineralization, indicating potential for precious metal mineralization.

Who commented on the high grade gold and silver mineralization findings?

Scott Emerson, President of Kingsmen Resources , commented on the significance of the findings and their potential impact on ongoing drill targeting efforts.

KINGSMEN RES LTD

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