Vancouver, British Columbia (Investorideas.com Newswire) Breaking Silver Stock News –
Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) is pleased to announce that the previously announced transaction to acquire an option (the “Option”) to acquire a 100% interest in the 100% owned Almoloya Gold/Silver project, located 30 km west of the 100% owned Las Coloradas project, has been successfully completed. Both projects are located in the mining-friendly jurisdiction of Parral, Chihuahua, Mexico. The terms of the Option require Kingsmen to make phased cash payments over a period of eight years, with the amount payable in the first two years totaling US$325,000 (including US$75,000 in the first year). The Option remains subject to the approval of the TSX Venture Exchange (“TSXV”). For more information about the terms of the Option, please refer to the Company’s press release dated July 9, 2025.
The Almoloya project includes the historical past of production of Cigarrero and Las Juliettas mines. The project represents a consolidation of five mineral claims into a single contiguous land package spanning 866.25 hectares (2,140.55 acres).
President Scott Emerson noted:
“This acquisition strengthens our presence in the Parral district. The acquisition is in line with Kingsmen’s objective to revitalize historic producing assets through claim consolidation. The acquisition terms also allow us to focus costs on exploration work rather than lease payments in the early years of the option. With the addition of Almoloya we are expanding expanding our land position in the region and continuing to develop Kingsmen as a leading explorer in the Parral Mining District with current exploration programs designed to make significant discoveries at short notice.”
Kingsmen is pleased with the Almoloya project area, which holds promise for high-grade silver, lead, zinc and gold mineralization. The project is located within a large regional hydrothermal system of 12 x 14 km. This is the first time that the entire area has been consolidated by the same company. Many companies have examined parts of the current holdings, but none have audited the entire block, including Anglo American Exploration (Canada) Ltd., Newmont Corp., Western Copper Corp., Queenston Mining Inc., Quaterra Resources Inc., Alamos Gold Inc. and Hemlo Gold Mines Inc. Kingsmen is currently compiling and evaluating a number of important databases. In addition, Kingsmen is completing regional sampling and evaluation and looks forward to quickly advancing the Almoloya project to drill-ready status.
About Amoloya
The Almoloya project represents the culmination of a land consolidation process that took more than twenty years. The now contiguous land package brings together historically fragmented claims, many of which were previously owned and explored by major operators. Extensive historical data from these programs, conducted until the early 2000s, is available to Kingsmen and provides a valuable foundation for future exploration. Since that time, the project has not been systematically explored by small or large companies, leaving significant potential untapped in a very forward-looking and historically productive neighborhood.
Click here to view the location map:
https://kingsmenresources.com/area-history.
Qualified person
Kieran Downes, Ph.D., P.Geo., director of Kingsmen and Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosures contained in this press release.
About Kingsmen Resources
Kingsmen Resources is a mineral exploration company focused on advancing its 100% proprietary projects, the Las Coloradas Silver/Gold Project and the Almoloya Gold/Silver Project, located in the productive mining district of Parral, Mexico. The projects have a history of producing high-quality silver mines. They are considered to have potential for hosting even more precious metal deposits because they are located on the same structural and stratigraphic belt as numerous other trendy, high-grade deposits. In addition, the company has a 1% NSR on the La Trini claims which are part of the Los Ricos North project operated by GoGold Resources Inc. in Mexico. Kingsmen is a publicly traded company headquartered in Vancouver, British Columbia.
On behalf of the board,
“Scott Emerson”
Scott Emerson, president and CEO
Phone: 604-685-9316
Email: se@kingsmenresources.com
Follow us on:
LinkedIn,
InstagramAnd
X
Certain disclosures in this press release may constitute forward-looking information or forward-looking statements within the meaning of Canadian securities laws. These statements may relate to this press release and other matters identified in the Company’s public filings. In making the forward-looking statements, the Company has applied certain factors and assumptions that are based on the Company’s current beliefs, as well as assumptions made by and information currently available to the Company. These statements relate to future events and circumstances and as such involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the Option, TSXV approval of the Option, the political environment in which the Company operates and continues to support the development and operation of mining projects; the threat associated with outbreaks of viruses and infectious diseases; risks related to negative publicity relating to the Company or the mining industry in general; planned work programs; allow; and community relations. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release..
Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) is a featured mining stock on Investorideas.com
Learn more about KNG on Investorideas.com Visit: https://www.investorideas.com/CO/KNG/
Follow us on X @investorideas @stocknewsbites
Follow us on Facebook
https://www.facebook.com/Investorideas
Follow us on YouTube
https://www.youtube.com/c/Investorideas
Contact Investorideas.com
800 665 0411
Disclaimer/Disclosure: This content with Kingsmen Resources is paid for content on Investorideas.com, part of a monthly showcase of mining stocks (payment disclosure). Our site does not recommend the purchase or sale of any stock, service or product. Nothing on our sites should be construed as an offer or solicitation to buy or sell any products or securities. All investments involve risks and possible losses. This site is currently compensated for news publishing and distribution, social media and marketing, content creation, and more. Disclosure will be posted for each compensated press release, the content published/created if necessary, but otherwise the news was not compensated and was published solely for the benefit of our readers and followers. For specific questions, please contact each company’s management and IR directly.
#KNG.V #Option #granted #acquire #goldsilver #Almoloya #project #Parral #Mining #District #Chihuahua #Mexico