Kingsmen Granted Option to Acquire 100% of the Gold/Silver Almoloya Project in the Parral Mining District, Chihuahua, Mexico

Core Viewpoint - Kingsmen Resources Ltd has successfully completed the acquisition of an option to acquire a 100% interest in the Almoloya Gold/Silver project, enhancing its presence in the Parral Mining District of Chihuahua, Mexico [1][3]. Group 1: Acquisition Details - The Almoloya project is located 30 km west of Kingsmen's 100%-owned Las Coloradas project and involves staged cash payments totaling US$ 325,000 over eight years, with US$ 75,000 due in the first year [1]. - The acquisition is subject to approval from the TSX Venture Exchange [1]. Group 2: Project Characteristics - The Almoloya project consolidates five mineral claims into a contiguous land package covering 866.25 hectares (2,140.55 acres) and includes historic mines such as Cigarrero and Las Juliettas [2]. - The project is situated within a large regional hydrothermal system measuring 12 km by 14 km, and it is the first time the entire area has been consolidated by a single company [3]. Group 3: Strategic Importance - The acquisition aligns with Kingsmen's strategy to revitalize historically producing assets through claim consolidation, allowing the company to focus on exploration costs rather than tenure payments in the initial years [3]. - Kingsmen is compiling significant historical data and conducting regional sampling to advance the Almoloya project to drill-ready status [4]. Group 4: Historical Context - The Almoloya project represents over 20 years of land consolidation, bringing together previously fragmented claims that were explored by major operators until the early 2000s [4]. - Since then, the project has not undergone systematic exploration, indicating significant untapped potential in a historically productive district [4]. Group 5: Company Overview - Kingsmen Resources is focused on advancing its 100% held projects, including the Las Coloradas and Almoloya projects, both located in the prolific mining district of Parral, Mexico [9]. - The projects are considered prospective for hosting further precious metal deposits, being situated on the same structural and stratigraphic belts as other high-grade deposits [9].