Alamos Gold (US:AGI) Investorideas.com·2025-10-24 14:14Core 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 [3][4]. Group 1: Acquisition Details - The Almoloya project is located 30 km west of Kingsmen's Las Coloradas project and involves staged cash payments totaling US$ 325,000 over eight years, with US$ 75,000 due in the first year [3][4]. - The acquisition is subject to approval from the TSX Venture Exchange [3]. 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 historically producing mines, Cigarrero and Las Juliettas [4][6]. - The project is situated within a large 12 km by 14 km regional hydrothermal system, which is prospective for high-grade silver, lead, zinc, and gold mineralization [5]. Group 3: Historical Context and Future Plans - The land consolidation process for the Almoloya project has taken over 20 years, bringing together previously fragmented claims that were explored by major operators [6]. - Kingsmen is compiling significant historical data and conducting regional sampling to advance the Almoloya project to drill-ready status [5][6].