Kingsmen Resources Traces Old Mine Workings at Las Coloradas Project

Kingsmen Resources Ltd. has identified the location and extent of old mine workings at its Las Coloradas silver-gold project in Chihuahua, Mexico. The workings were established by ASARCO, a subsidiary of Grupo Mexico, which mined the area from 1944 to 1952.

The company has mapped the workings on the Soledad vein system, which stretches 1.7 km. The historic operations were confined to the southern end of the vein system, extending over 250 meters along strike and to a vertical depth of approximately 125 meters across four levels. Mining ceased at the water table. Ore from these workings was shipped to ASARCO's facilities in Parral. Reported average grades during this period were approximately 0.6 to 0.8 g/t gold, 300 to 518 g/t silver, 6.2 to 10.9% lead, and 6.5 to 10.3% zinc.

Kingsmen's sampling of accessible areas within the old workings confirmed the presence of high-grade silver mineralization. The company believes this mineralization likely continues below the water table. Significant silver mineralization was also identified along the entire 1.7 km Soledad vein system and the approximately 1.0 km Soledad II vein system.

"All of the work we have conducted and are continuing to do at Las Coloradas, whether new sampling, mapping and analysis of the historic workings, all indicate that the extent of mineralization is far greater than the footprint of the historical resource," stated Scott Emerson, President of Kingsmen Resources. The Las Coloradas project covers 8.5 square kilometers in a historically significant mining district.