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

Kingsmen Commences Drilling at Its Las Coloradas Silver-Gold Project Parral Mining District, Chihuahua, Mexico

Kingsmen Commences Drilling on Undrilled Saddle Target Following Fully Funded Financing

By The Northwire Desk — AI Analysis Apr 20, 2026 · 08:31 KNG · 1.255 Kingsmen Resources Ltd.
Executive Summary
  • Latest Announcement (April 20, 2026): Kingsmen Resources has commenced its fully funded 2026 drill program at the Las Coloradas Silver-Gold Project in Chihuahua, Mexico. The program includes an initial pass of at least 6,000 meters and a planned second pass of 5,000 meters.
  • Target Focus: A key component is testing the "Saddle" target, located approximately 5 km west of the Soledad vein structures. This area was previously undrilled but features anomalous geochemistry and chargeability anomalies.
  • Follow-up Drilling: The program also includes undercutting and offsetting mineralization intersected in previous holes (LC-25-004 through LC-25-012) to confirm continuity.
  • Almoloya Project: Planning stages for a drill program at the Almoloya project are ongoing, focusing on gold-focused targets 30 km from Las Coloradas.
  • Management Commentary: President Scott Emerson stated that last year's discoveries provide clear direction and they are optimistic about confirming an entire district-scale potential acquired in 2023.
Material Impact
  • Execution Confirmation: The news confirms the execution of the exploration plan outlined in the February 2026 financing ($13M bought deal). It validates that capital raised is being deployed as promised, which mitigates immediate cash burn risk for the short term.
  • Incremental Upside: The acquisition of the Claudia 2 claim (April 7) added the Saddle target free of NSR royalty. Commencing drilling on this specific undrilled target adds a layer of exploration upside beyond infill work, potentially expanding the district scale if mineralization is confirmed.
  • Market Sentiment Disconnect: Despite high-grade results earlier in 2026 (Jan) and this positive operational update, the stock price has declined significantly from its January peak ($2.80) to current levels (~$1.26). This suggests the market may be pricing in execution risk or general junior miner weakness rather than reacting positively to routine drilling starts without assay results.
  • Routine Nature: The drilling commencement was anticipated following the February financing announcement and April land acquisition. It does not contain new, unexpected information (such as a discovery) that would materially re-rate the company's valuation immediately.
KNG · Price
Company Overview
  • Company: Kingsmen Resources Ltd., focused on silver-gold exploration in Mexico's Parral Mining District.
  • Flagship Project: Las Coloradas (100% owned). A high-grade silver-gold project with multiple vein systems (Soledad, Soledad II, No. 8) and new targets like Saddle and Silvia/La Plata.
  • Secondary Project: Almoloya (Option acquired Oct 2025, fully funded exploration planned). Gold-silver focus with historic production from Cigarrero mine (~1.25 Mt @ 600 g/t Ag).
  • Development Stage: Exploration/Discovery. No revenue generation; value dependent on resource definition and assay results.
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 May 12, 2026 · 08:31

Survey Precision Confirms Execution as Stock Corrects from Discovery Highs

Drill Results