Kingsmen Resources Acquires Additional Land for Las Coloradas Project in Mexico

Kingsmen Resources Ltd. has reported the acquisition of a 342-hectare claim within the Parral mining district in Chihuahua, Mexico. The new property is situated immediately west and south of the company's existing Las Coloradas project, which targets a vein system with high-grade silver, gold, lead, zinc, and copper.

The acquired land enhances Kingsmen's control over a significant area prospective for further mineral discoveries. The claim features geological formations and structural targets consistent with mineralization potential. A prominent northeast-trending structural trend identified on the property is noted as being the main control for mineralization at Discovery Silver's Cordero deposit, located approximately 35 kilometers to the northeast.

The Las Coloradas project has a history of high-grade vein mining that ceased at the water table around 125 meters depth. Skarn and porphyry-style mineralization have also been identified in the area. Kingsmen indicates that new orientations of mineralization are being discovered outside the historical workings and within the newly acquired claim, suggesting broader exploration potential.

This acquisition aligns with Kingsmen's strategy to expand its exploration activities in the Parral district. The company is focused on the exploration and development of precious metals in the region. Kingsmen also holds a 1% net smelter return royalty on the Los Ricos North project operated by GoGold Resources.