Northwire Canada EditionWednesday, October 28, 2026
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Gold 4,077.40 +0.1% Silver 54.55 +0.1% Copper 6.66 +0.1% Oil 99.88 −0.0% Palladium 1,035.75 +0.4% GBU 0.085 +13.3% GAMA 0.060 +0.0% QGR 0.190 +2.7% AVU 0.020 +0.0% GCN 0.025 +0.0% PML 1.37 +5.4% NVO 0.055 +0.0% OSM 0.030 +20.0% GSKR 2.72 +4.6% GPG 0.265 −1.9% UCU 1.95 +2.6% PPX 0.240 +4.3% SXL 0.055 +0.0% ONAU 0.540 +8.0% TMQ 3.15 +10.9% MOON 6.10 +9.9% Gold 4,077.40 +0.1% Silver 54.55 +0.1% Copper 6.66 +0.1% Oil 99.88 −0.0% Palladium 1,035.75 +0.4% GBU 0.085 +13.3% GAMA 0.060 +0.0% QGR 0.190 +2.7% AVU 0.020 +0.0% GCN 0.025 +0.0% PML 1.37 +5.4% NVO 0.055 +0.0% OSM 0.030 +20.0% GSKR 2.72 +4.6% GPG 0.265 −1.9% UCU 1.95 +2.6% PPX 0.240 +4.3% SXL 0.055 +0.0% ONAU 0.540 +8.0% TMQ 3.15 +10.9% MOON 6.10 +9.9%
Drill Results Routine +

Kingsmen Completes 60 km Superscript 2 Precision Satellite Topographic Surveys at Las Coloradas and Almoloya, Advancing Drill Targeting Across the High-Grade Parral Silver-Gold District, Chihuahua, Mexico

Survey Precision Confirms Execution as Stock Corrects from Discovery Highs

By The Northwire Desk — AI Analysis May 12, 2026 · 08:31 KNG · 1.125 Kingsmen Resources Ltd.
Executive Summary
  • Kingsmen Resources completed 60 km² of high-resolution satellite topographic surveys across Las Coloradas and Almoloya projects in Chihuahua, Mexico.
  • The survey data provides precision positioning for ongoing diamond drill programs and aids in identifying new silver-gold targets along a 4.5-kilometre mineralized trend.
  • Management states the company is fully funded and executing on a clearly defined drill strategy following recent financing.
  • Data integration includes geochemistry, magnetics, IP/resistivity, and existing drill data to create a comprehensive 3D geological model for Las Coloradas.
Material Impact
  • The news represents operational progress rather than a fundamental shift in valuation drivers; it confirms the execution of the April 2026 drilling program announcement.
  • Compared to January 2026 high-grade assay results which drove price to $2.80, this survey update is incremental and expected given the February financing closure.
  • The market has already priced in significant downside from January highs ($2.80) to current levels ($1.13), suggesting skepticism regarding future drill results despite positive operational updates.
  • No new mineralization or acquisition is announced; therefore, it lacks the catalyst required for a Material rating.
  • The confirmation of being "fully funded" mitigates immediate capital risk but does not address long-term dilution concerns from previous financings.
KNG · Price
Company Overview
  • Kingsmen Resources Ltd. operates two primary projects in the Parral Mining District, Chihuahua, Mexico.
  • Las Coloradas: High-grade silver-gold project with multiple vein systems (Soledad, Soledad II) showing high-grade intercepts up to 1,742 g/t AgEq.
  • Almoloya: Gold-silver project focused on historic Cigarrero and Juliettas structures; recently acquired via option exercise in October 2025.
  • Exploration Status: Fully funded for 2026 with active drilling programs targeting district-scale extensions.
Read the original news release →

More from Kingsmen Resources Ltd.

Oct 27, 2026 · 08:02

Kingsmen hit Best Soledad II with unproven tonnage at a 52-week-low price.

Drill Results Oct 20, 2026 · 08:32

Kingsmen advances drilling at Las Coloradas, using drone surveys to refine targeting for the project.

Drill Results Sep 22, 2026 · 08:31

Kingsmen reports its best silver grade-by-width to date on a second structure, though no true width or resource has been defined.

Drill Results Aug 20, 2026 · 08:31

Kingsmen reports step-outs extending depth and strike at its project, though grades remain below the 2025 anchor target.

Drill Results Jul 22, 2026 · 08:31

Kingsmen’s Soledad depth extension returned 5.2m at 257 g/t AgEq, marking an incremental discovery despite narrow intervals and equity dilution.

Drill Results Apr 20, 2026 · 08:31

Kingsmen Commences Drilling on Undrilled Saddle Target Following Fully Funded Financing

Drill Results