Kingsmen makes new discovery of high-grade silver and gold mineralization (931 g/t) Silver equivalent at 1.28 g/t gold over 1.60 meters (156.4-158.0 m)
Investorideas.com (Investorideas.com Newswire), a top 100 rated investment site for retail investors following mining stocks, issues a trading and news alert for
Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) .
The stock has risen in early trading and is currently at $2.0000+0.0900, with a gain of 4.71%.
Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) reported the first tests from hole LC-25-008 that intersected significant new gold-rich silver mineralization. This hole was drilled 160 meters from the previously reported high-grade silver discovery of 1,028 g/t silver equivalent over 1.45 meters (455 g/t silver) from 190.25-191.70 m including 1,742 g/t silver equivalent over 0.70 meters (770 g/t silver) from 190.85-191.55 m in hole LC-25-010 (see press release September 24, 2025). These holes were drilled as part of the recently completed 12 hole – 3,227.2 meter drill program at the company’s 100% owned Las Coloradas silver project. The Las Coloradas project is located in the Parral mining district of the Central Mexican Silver Belt, Chihuahua, Mexico.
Four major highlights:
HIGH QUALITY SILVER DISCOVERY
- 931 g/ton silver equivalent with 1.28 g/ton gold over 1.60 meters (521 g/ton silver) from 156.4-158.0 million.
- Gold-rich mineralization.
NEW DISCOVERY – BROAD MINERALIZED ZONE
- 200 g/t silver equivalent and 0.28 g/t gold over 10.50 meters (97.4 g/t silver) from 154.5-165.0 million.
- New silver-gold target.
- Hole drilled at 160 meters from high-quality hole LC-25-010.
SHALLOW, NEAR SURFACE MINERALIZATION
- Mineralization begins at approximately 135 meters vertical depth.
- Multiple mineralization styles, including massive sulphides.
- Strong pathfinder elements (antimony, indium, bismuth and tellurium) indicate a larger system.
SIGNIFICANT DISCOVERY POTENTIAL
- Less than 5% of the property has been explored.
- 8.5 km2 consolidated historic mining district.
- Multiple untested structures and veins.
- Located in Mexico’s productive Parral Silver District.
President Scott Emerson noted:
“The gold-rich silver mineralization intersected in this hole is an exciting discovery on a previously unknown structure. The mineralized intercepts in this hole and hole LC-25-010 are significantly wider than those historically reported and mined by ASARCO for the Soledad mineralization. This new discovery potentially adds a third structure in a new area and the gold values significantly increase the value of the mineralization. This mineralization is believed to be similar to that of the old La Prieta mine the residues of which are being reprocessed at GoGold’s Parral operation. Furthermore, it opens the possibility of additional important discoveries in previously untested structures that can be mapped at the surface.
Vice President of Exploration Kieran Downes Ph.D., P.Geo. noted
“The site continues to produce exciting and promising results demonstrating the potential for additional new high-grade discoveries. There are many kilometers of veins/structures, all of which are prospective, particularly where dilatant zones for mineralization can be created by changes in attitude, spreads, lithological contacts and intersections. The shape of the mineralization can vary from simple vein to chimney to manto. The role of the intrusion traversed at depth, if any, will be evaluated in conjunction with the receipt of testing.”
Hole LC-25-008 was drilled to test two separate targets.
Target 1 was the intersection of a NW-trending vein/structure with a flexural/cymoid curve in a NW-trending vein/structure at the edge of a magnetic high (Figures 1 and 2). The bend is approximately 400 meters long and may have created a dilatant zone(s) in Doel 1 and beyond. The hole at the bottom was intrusive and confirmed the magnetism interpretation. Target 1 returned the significant intersection reported here (Table 1).
Target 2 was the intersection of NW-trending and NE-trending structures/vein systems, in an area of high chargeability and resistivity, on the edge of a magnetic high/intrusive (Figure 2). Tests are pending.
Hole LC-25-008 (Table 1; Table 2; Table 3) intersected an alteration zone with massive sulfide mineralization approximately 154.5 to 165.0 meters (10.50 meters) downhole. The silver-rich massive sulfide mineralization includes sphalerite, galena, arsenopyrite and pyrite (Figures 3 and 4). The mineralization is strongly anomalous in the pathfinder elements antimony, bismuth, indium, arsenic and tellurium (Table 1). Silver values vary depending on the galena sphalerite content. Significant gold is associated with the high-grade silver mineralization and varies depending on the arsenopyrite content. Notable is the presence of associated elevated to anomalous tellurium, an important indicator of gold mineralization. The mineralization exhibits late-stage fractures and fractures. The hole at the bottom of a fine to medium grained feldspar porphyry with dispersed pyrite confirmed the interpretation of the magnetism.
The mineralized zone has a degraded section from 155.95 to 157.0 metres, consisting of translucent quartz veins, white quartz and masses of sulphides arranged in a stockwork. Sphalerite predominates with pyrite, smaller amounts of galena and arsenopyrite are also present. Arsenopyrite predominates in the quartz veins. From 157.0 to 158.45 m there is a cavity with clusters of arsenopyrite, pyrite, galena, sphalerite and druses with prismatic quartz and possibly jamesonite crystals. The host rocks are sediments that exhibit moderate shear deformation, intense green chloritic alteration, and silicification.
Complete news:
https://ca.finance.yahoo.com/news/kingsmen-drills-discovery-high-grade-133000215.html
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