Kingsmen Extends High-Grade Soledad System at Depth, with a 1.4m Intercept of 641 g/t Silver Equivalent, Confirming Continuity over 135 Meters of Vertical Depth at Its Las Coloradas Silver Project, Chihuahua, Mexico
Kingsmen’s Soledad depth extension returned 5.2m at 257 g/t AgEq, marking an incremental discovery despite narrow intervals and equity dilution.
Kingsmen Resources Ltd. (KNG) has released the first assay results from diamond drill hole LC-26-013 at its Las Coloradas silver project in Chihuahua, Mexico. The hole intersected 5.20 metres of 257 g/t silver equivalent (AgEq) within a broader alteration zone extending from 130.0 to 246.9 metres downhole.
Among the results, a higher-grade interval returned 1.40 metres at 641 g/t AgEq (425 g/t silver) from 236.55 metres to 237.95 metres, marking one of the highest-grade silver intercepts reported by the company. LC-26-013 is the deepest hole drilled at the Soledad system, located 54 metres down-dip of previously reported hole LC-25-010.
A fence of three holes—LC-25-005, LC-25-010, and LC-26-013—now defines silver-gold mineralization over at least 135 metres of vertical depth. The zone remains open at depth and along strike. These results represent the first assays from over 1,000 samples collected from 19 holes completed in the current program.
Kingsmen Resources Ltd. (KNG) reported drill results that extend a known high-grade system 54 m down-dip and confirm continuity over 135 m. For a pre-resource junior explorer, this finding is incrementally positive but not transformative.
The market’s reaction to earlier high-grade results has since deflated. Shares traded at C$1.66 in September 2025, rose to approximately C$2.00 in December 2025, and peaked at C$2.80 in January 2026. The stock has since declined 64% from that high to C$1.02, indicating that such results are now largely expected and that dilution, lack of a resource, and market fatigue have set in.
Kingsmen Resources Ltd. (KNG) is a Canadian junior explorer with no revenue, relying entirely on equity raises to fund its exploration activities. The company holds 100% ownership of the Las Coloradas silver-gold project in the Parral district of Chihuahua, Mexico. This property covers a structural corridor approximately 2.5 by 1 km in size, containing multiple vein systems including Soledad, Soledad II, No. 8, Rosario, the DBD zone, and the Saddle target.
Drill programs conducted in 2025 and 2026 have intersected narrow, high-grade silver-gold-lead-zinc intervals across several structures, with mineralization remaining open along strike and at depth. Kingsmen also holds the Almoloya gold/silver project, also located in Parral. This earlier-stage prospect features historic high-grade gold samples reaching up to 34.1 g/t Au and exhibits CRD-style potential, though no drilling has occurred on this property to date.
As of the last financial report for Q3-2025, the company held C$0.87M in cash and reported negligible revenue. A C$13M bought-deal private placement closed in February 2026 provided funding for the current exploration program.