Kingsmen Resources Expands Projected Area at Las Coloradas Silver/Gold Project

Kingsmen Resources Ltd. has reported new successful exploration results at its Las Coloradas silver and gold project located in Chihuahua, Mexico. Newly identified silver-bearing structures are expanding the company's estimated potential mineralized area.

The company conducted additional prospecting and sampling in a previously untested area northeast of the project. Structures found in this area, consisting of quartz-calcite veins and breccias, returned up to 153 grams of silver per ton. These mineralized occurrences are typically 0.1 to 4.0 meters wide and parallel the Soledad and Soledad II structures. The observed structures span a belt at least 1,500 meters wide, suggesting a substantial zone of potential mineralization.

Geological surveys have also identified a newly recognized 2,500-meter-long, northeast-trending structural zone in an area already showing high silver values. This complex structural zone is believed to be associated with possible buried intrusive bodies and skarn mineralization.

The Las Coloradas Project covers 8.5 square kilometers within the historically significant Parral mining district. The area was previously mined by ASARCO (American Smelting and Refining Company) for silver, gold, lead, zinc, and copper between 1944 and 1952. New mining projects are currently underway in the vicinity, including Discovery Silver Corp.'s Cordero and Kootenay Silver Inc.'s La Cigarra.

Kingsmen Resources Ltd. focuses on the exploration and development of mineral deposits in the prolific mining districts of Parral, Mexico. Scott Emerson, President of Kingsmen Resources, stated that the field program continues with the integration of ground magnetic data to better understand the structural controls on mineralization and identify new areas for exploration.