Kingsmen Reports High Grade Gold Samples on South Block of Its Gold/Silver Almoloya Project in the Parral Mining District, Chihuahua

Core Insights - Kingsmen Resources Ltd. has reported initial results from its surface sampling program at the Almoloya gold-silver project, indicating significant gold mineralization and exploration potential [1][5]. Project Overview - The Almoloya project is a 100% owned gold-silver project located 30 km west of the Las Coloradas silver project in Parral, Chihuahua, Mexico, consolidating claims into a contiguous land package [1][11]. - The project includes historically significant mines, Cigarrero and Las Juliettas, and has not seen systematic exploration since the early 2000s, leaving substantial potential untapped [11]. Sampling Results - A total of 527 samples were collected from historic underground workings and surface samples, revealing two long N-trending structures and local NW-trending structures, with lengths ranging from 50m to 400m and widths up to 1.2m [2]. - Significant gold values were reported over approximately 500 meters, with 28 samples exceeding 6.16 g/t gold, and 82 samples ranging from 1.14 to 5.9 g/t gold [4][9]. Notable Findings - The highest gold assay recorded was over 34.1 g/t gold over a 0.5m interval, confirming the expansive mineralization system at Almoloya [5]. - The presence of structurally controlled high-grade gold mineralization at the Juliettas prospect indicates high exploration potential, with ongoing sampling planned for the South Block [5]. Company Background - Kingsmen Resources is focused on exploring its two 100%-owned precious-metal districts, Las Coloradas and Almoloya, both located in a historically productive silver belt in Mexico [14]. - Recent drilling at Las Coloradas has confirmed new zones of high-grade mineralization, highlighting the potential for multiple parallel structures across a 4.5-kilometer trend [14].