Kingsmen Hits 270 g/t AgEq Over 1.3 m in 1.5 km Step-Out on Parallel Structure at Las Coloradas
Kingsmen Proves District Scale with 1.5km Step-Out at Las Coloradas as Exploration Thesis Gains Momentum
The most recent news (January 8, 2026) reports assay results from a three-hole diamond drilling program at the Las Coloradas project in Chihuahua, Mexico. The standout result is from hole LC-25-012, which intersected 270 g/t Silver Equivalent (AgEq) over 1.3 meters. This hole targeted the Soledad II structure, representing a 1.5 km step-out to the northwest from previous drilling. The company has now confirmed mineralization in three distinct parallel or sub-parallel structures: Soledad, Soledad II, and the newly identified "No. 8" structure.
This news is Material - Positive for several reasons:
- Expansion of Scale: The 1.5 km step-out is significant. It moves the project from a localized "mine-site" exploration play to a "district-scale" system. Confirming mineralization across 1.5 km of strike length on a parallel structure validates the management's thesis that Las Coloradas is a larger system than historically understood.
- Proof of Concept: The discovery of mineralization on the Soledad II and "No. 8" structures suggests that the 8.5 km2 property contains a complex network of mineralized veins rather than just a single structure.
- Grade Consistency: While the width of 1.3 meters is relatively narrow, the grade of 270 g/t AgEq is respectable for a discovery hole in a new area. It follows previous high-grade intercepts (e.g., 1,742 g/t AgEq over 0.7m in September 2025 and 931 g/t AgEq over 1.6m in December 2025), showing that high-grade "sweet spots" exist across the property.
- Critical Perspective: Investors should note that "true widths" are still undetermined. The reported intervals are "drilled widths," and many high-grade hits to date have been under 2 meters. While high-grade, narrow-vein mining is common in the Parral district, these widths require high precision and potentially higher operating costs if they do not widen at depth.
Kingsmen Resources is focused on the Parral Mining District in Chihuahua, Mexico. - Flagship Project: Las Coloradas (8.5 km2). It is a past-producing silver-gold-lead-zinc mine previously operated by ASARCO (1943-1952). The project targets depth extensions of known veins and new parallel structures. - Second Project: Almoloya (866 hectares). An optioned project 30 km from Las Coloradas, targeting high-grade gold and Carbonate Replacement Deposits (CRD).