Exploration drives the company.
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Exploration drives the company.
TSX-V: KNG
OTCQB: KNGRF
SILVIA & LA PLATA ZONES – NEW HIGH POTENTIAL TARGETS
VANCOUVER, BRITISH COLUMBIA – May 28, 2024 (TSXV: KNG), (OTC: KNGRF), Kingsmen Resources Ltd.
(“Kingsmen” or the “Company”) announces the discovery of two new zones of mineralization not previously recognized, the
Silvia and La Plata zones (SLP) (Figure 1) on its 100% owned Las Coloradas project, located in the Central Mexican silver
belt, Chihuahua Mexico.
The Silvia and La Plata (SLP) zones are located on the 2,500 meter-long, NE-trending zone of structures This trend lies to the
north of the old Soledad mine and cross cuts the NW-trending Soledad and Soledad II structures/vein systems.
Follow-up exploration has shown that the Silvia zone is located at the intersection of the SLP and Soledad structures/vein
systems. This structurally complex area is highly prospective for mineralization. The La Plata zone contains NE, NW and N-
trending structures/veins. N-trending structures/vein systems are unusual and may, in part, be reflecting buried quartz
porphyry (QP) intrusives.
The Las Coloradas project area of mineralization is on the southeast flank of a prominent aeromagnetic high interpreted to be
a buried felsic intrusive body. The felsic intrusives associated with the La Plata and Silvia zones, the Soledad and Soledad II
structures and other structures are likely linked to this body.
Scott Emerson, President commented: “As we continue our exploration, it is apparent that the project is increasing in size and
scope. These two new areas are highly prospective for silver, gold, and copper and successful work programs will add
substantially to the potential of the project.”
Figure 1
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About Las Coloradas
The 100% owned Las Coloradas Project (8.5 km2 -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 Hidalgo de Parral and 40 kilometers east of the San Francisco de Oro and Santa Barbara mining districts
where several operating 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:
6046859316
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 receip t of
regulatory approval, are forward -looking statements. Although Kingsmen believe s that the expectations 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 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 secu rities
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
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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 a nd 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.sedarplus.ca). Forward-looking statements are based on estimates and opinions of management at the date the statements
are made. Kingsmen does not undertake any obligation to update forward looking statements except as required by applicable securities
laws. Investors should not place undue reliance on forward-looking statements.