Kingsmen completes drilling at Las Coloradas

Executive Summary

• Kingsmen Resources completed a maiden drill program at the Las Coloradas silver project, drilling 3,227.2 m in 12 core holes across the Soledad and Soledad II structures and a geophysical target.
• The drilling confirmed that mineralization extends along strike and beneath the water table, validating the company’s geological model and supporting the potential for a new discovery.
• Assay results are pending; the drill rig remains on‑site while samples are processed by ALS Geochemistry‑Chihuahua.

Key Details

• Drilling Coverage: 3,227.2 m total in 12 holes (average ~269 m per hole).
• Targeted Structures:
• Soledad system – 1.6 km length tested (holes 5, 6, 7, 10; plus holes 2‑4 for a 50 m segment).
• Soledad II system – 1.2 km length tested (hole 12 under old workings).
• Rosario shaft area (holes 9 and 11).
• Geological/geophysical intersection target (holes 1 and 8).
• Drill Hole Highlights:
• Holes 5‑7 & 10: 100‑m length centered on Soledad shaft.
• Holes 2‑4: 50‑m segment in DBD target.
• Hole 12: drilled beneath historic workings on Soledad II.
• Assay Program: Samples split 1:1; half bagged for analysis, half retained. Submitted to ALS Geochemistry‑Chihuahua for multi‑element digestion (code ME‑MS61) and fire assay gold (code Au‑AA23). QA/QC includes CSRM standards, blanks, duplicates.
• Status: Core logged, sawn, and stored; assay results will be released after compilation and confirmation.
• Operational Outlook: Drill rig remains on site; significant lengths of the Soledad & Soledad II structures, as well as the Saddle, Silvia, and La Plata zones, remain to be tested in future programs.

Notable Quotes

“We are pleased with the completion of our maiden drill program… the drilling to date confirmed this objective has been met… This drilling program significantly validates the geological model and supports the potential that we have a discovery.” – Scott Emerson, President