Kingsmen Drills a New Discovery of High Grade Silver Mineralization: 3.15 Meters Grading 241 g/t Ag/Eq Including 525 g/t Ag/Eq with 0.185 g/t Gold over 1.15 Meters
Kingsmen Hits High-Grade Silver at Third Target as Las Coloradas Drilling Validates District-Scale Potential
The news release dated January 13, 2026, reports assay results from diamond drill holes LC-25-002, LC-25-003, and LC-25-004 at the DBD Zone of the Las Coloradas Silver Project in Chihuahua, Mexico. The primary highlight is hole LC-25-004, which intersected 3.15 meters grading 241 g/t AgEq (131 g/t Silver, 0.084 g/t Gold, plus Lead and Zinc) at a shallow depth of 70.15 meters. This interval included a higher-grade sub-section of 1.15 meters grading 525 g/t AgEq. Hole LC-25-002 also returned a narrow but high-grade silver intercept of 679 g/t over 0.3 meters near the bottom of the hole.
The news is Material - Positive because it confirms a new discovery in a previously undrilled area (the DBD Zone), effectively identifying a third significant mineralized structure on the property. - Consistency of Discovery: This follows the December 2025 discovery in the "Mine Zone" (931 g/t AgEq over 1.6m) and the January 8, 2026, discovery at "Soledad II" (270 g/t AgEq over 1.3m). The ability to hit high-grade mineralization across three separate structures (Soledad, Soledad II, and DBD) within a 1.5 km strike length validates management’s "district-scale" thesis. - Shallow Mineralization: Intersecting these grades at 70 meters depth suggests potential for lower-cost exploration and development compared to deep-seated targets. - Project De-risking: While the widths are relatively narrow (1.15m to 3.15m), the presence of massive sulphides and strong pathfinder elements (Sb, In, Bi) suggests a robust hydrothermal system.
Kingsmen Resources is focused on the Parral Mining District in Chihuahua, Mexico. - Flagship Project: Las Coloradas (8.5 sq km). It encompasses several past-producing silver-gold-lead-zinc mines formerly operated by ASARCO. - Model: The company is using modern geophysics (3D IP) and geochemistry to drill beneath and along strike of shallow historic workings that were abandoned due to the water table or fragmented ownership. - Secondary Project: Almoloya (Gold-Silver), recently optioned in late 2025, showing high-grade gold potential.