Las Coloradas Project Geology Update
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Exploration drives the company.
TSX-V: KNG
OTCQB: KNGRF
________________________________________________________________________
LAS COLORADAS PROJECT GEOLOGY UPDATE
VANCOUVER, BRITISH COLUMBIA - July 11, 2023 (TSXV: KNG), (OTCQB: KNGRF),
Kingsmen Resources Ltd. (“Kingsmen” or the “Company”) is pleased to report on the detailed, 1:5,000
scale geological mapping of the 100% owned Las Coloradas project including the Soledad and Soledad II
structures, and their subsidiary structures. Located 3 0km from Hildago, Parral, Chihuahua, Mexico the
Soledad structures were historically mined by ASARCO (American Smelting and Refining Company), the
U.S. based subsidiary of Grupo Mexico.
Scott Emerson, President commented: “Kingsmen is making significant progress in sourcing and
compiling exploration data for the Las Coloradas project . As the database grows new exploration
opportunities are becoming apparent in the recognition of mineralized structures apart from Soledad and
Soledad II, and the potential for epithermal gold -silver mineralization. The structures have not been
drilled at depth or along strike. As well, new targets are being identified in the consolidated land position
where new claims have been added.”
Kingsmen’s new geological map (Figure 1) delivers an excellent understanding of the mineralization and
its structural control(s). The mineralization is shallow, high -grade, silver-gold-lead-zinc-copper quartz-
calcite veins hosted by all rock types in structures that cut all rock ty pes. The mineralized structures may
go to significant depths. Flexures, intersecting structures, en échelon veins, and dilation zones control the
development and location of individual bodies of mineralization. Two important areas of mineralization are
currently recognized. The first is at the southeast end of the Soledad structure (see News Release dated June
7, 2023). The second is the cluster of old workings at the northwest end of the Soledad II structure.
The Las Coloradas mineralization is on the southeast flank of a prominent aeromagnetic high interpreted to
be a buried felsic intrusive body (Figure 2). The felsic intrusives associated with the Soledad and Soledad
II structures are likely linked to this body and the setting is favourable for porphyry, skarn and epithermal
vein mineralization.
While the strongest mineralized orientation is NW -trending there are also quartz veins/structures with a
NE-trend. The geometry of the veins/structures suggests radial fracturing of the country rocks above the
buried felsic intrusive resulting in ground preparation for mineralization.
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Figure 1
Figure 2
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About Las Coloradas
The 100% owned Las Coloradas Project ( 8.5 km 2 -3.3 sq miles) represents a consolidation of a historic
mining district which covers numerous silver-gold-lead-zinc-copper mines previously exploited by
ASARCO (American Smelting and Refining Company), the U.S. based subsidiary of Grupo Mexico.
Las Coloradas is in the Parral mining district of the Central Mexican Silver Belt, and is located
approximately 30 kilometers southeast of the city of Hildago de Parral and 40 kilometers east of the San
Francisco de Oro and Santa Barbera mining districts where several old major mines are located, such as La
Prieta, Veta Colorada, Palmilla, Esmeralda, San Francisco del Oro and Santa Barbara. As well, new major
mining projects are currently being explored in the district; Cordero (Discovery Silver Corp.), 35 kms north
of Parral, and La Cigarra (Kootenay Silver Inc.), 35 kms northwest of Parral. Click here to see locator map,
https://www.kingsmenresources.com/area-history
Qualified Person
Kieran Downes, Ph.D., P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed
and approved the scientific and technical disclosure set out in this news release.
About Kingsmen Resources
In line with Kingsmen’s organic-growth strategy, the Company’s focus is on exploration and development,
and is currently focused on district-scale exploration for high -margin metallic mineral deposits in the
prolific mining districts of Parral Mexico. In addition, the company has a 1% NSR on the Los Ricos North
project in Mexico operated by GoGold Resources Inc. The Company’s leaders have extensive experience
in the mining and financial sectors. Kingsmen is a publicly -traded company (TSX.V:KNG; OTCQB:
KNGRF) and is headquartered in Vancouver, British Columbia.
On behalf of the Board,
“Scott Emerson”
Scott Emerson,
President & CEO
Phone: 604-685-9316
Email: [email protected]
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts
responsibility for the adequacy or accuracy of this release.
Forward-Looking Statement:
All statements, trend analysis and other information contained in this press release about anticipated future
events or results constitute forward -looking statements. Forward -looking statements are often, but not always,
identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and
statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar
expressions. All statements, other than statements of historical fact, included herein, including, without limitation,
statements regarding the completion of the acquisition of the Las Coloradas Project and receipt of regulatory
approval, are forward -looking statements. Although Kingsmen believes that the exp ectations reflected in such
forward-looking statements and/or information are reasonable, undue reliance should not be placed on forward-
looking statements since Kingsmen can give no assurance that such expectations will prove to be correct. These
statements involve known and unknown risks, uncertainties and other factors that may cause actual results or
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events to differ materially from those anticipated in such forward -looking statements, including the risks,
uncertainties and other factors identified in Kingsmen’s periodic filings with Canadian securities regulators, and
assumptions made with regard to: Kingsmen’s ability to make the required payments under the definitive
agreements; and Kingsmen’s ability to secure the necessary regulatory approvals. Forward-looking statements
are subject to business and economic risks and uncertainties and other factors that could cause actual results of
operations to differ materially from those contained in the forward -looking statements. Important factors that
could cause actual results to differ materially from Kingsmen’s expectations include risks associated with the
business of Kingsmen; risks related to the satisfaction or waiver of certain conditions to the closing of the
acquisition of the Las Coloradas Project; non -completion of the acquisition of the Las Coloradas Project; risks
related to exploration and potential development of the Las Coloradas Project; business and economic conditions
in the mining industry generally; fluctuations in commodity prices and currency exchange rates; uncertainties
relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for
cooperation of government agencies in the exploration and development of properties and the issuance of
required permits; the need to obtain additional financing to develop properties and uncertainty as to the
availability and terms of future financing; the possibility of delay in exploration or development programs and
uncertainty of meeting anticipated program milestones; uncertainty as to timely availability of permits and other
governmental approvals; and other risk factors as detailed from time to time and additional risks identified in
Kingsmen’s filings with Canadian securities regulators on SEDAR in Canada (available at www.sedar.com).
Forward-looking statements are based on estimates and opinions of management at the date the statements are
made. Kingsmen does not undert ake any obligation to update forward looking statements except as required by
applicable securities laws. Investors should not place undue reliance on forward -looking statements