Kingsmen Resources Summarizes Year-End Activities at Las Coloradas Project

Kingsmen Resources Ltd. has released a year-end summary of its activities at the Las Coloradas project, located in Chihuahua, Mexico. The company reported progress in sourcing and compiling exploration data, confirmatory sampling of old workings, and regional prospecting.

The Las Coloradas project, situated approximately 30 km from Hildago de Parral, covers an area historically mined by ASARCO between 1944 and 1952. In 2023, Kingsmen Resources focused on expanding its geological database, mapping, and collecting ground magnetic data for key project areas. The company also incorporated new claims to consolidate its land position.

Exploration efforts have identified new potential targets beyond the known Soledad and Soledad II structures, suggesting the possibility of epithermal gold-silver mineralization. These newly recognized structures have not yet been tested by drilling. Sampling of accessible old workings along the Soledad and Soledad II structures confirmed remnant mineralization.

Key sampling results include the identification of a new 300-meter silver-mineralized structure at Soledad SE. The Soledad NW and Soledad II structures also yielded significant silver assay results. Furthermore, regional prospecting uncovered a previously unrecognized northeast-trending zone of structures, approximately 2,500 meters long, with anomalous silver values.

Kingsmen Resources stated that the growing database is revealing new exploration opportunities. The company plans to continue exploring new areas of the district in 2024, potentially including a drill program, to further assess the identified targets.