Kingsmen Resources Announces Exploration Plans for Las Coloradas and Almoloya Projects Following Fully Funded Financing

Core Viewpoint - Kingsmen Resources Ltd. is advancing exploration programs on its 100% owned Las Coloradas and Almoloya projects in Chihuahua, Mexico, following a successful financing round that fully funds these initiatives [1][2]. Group 1: Las Coloradas High Grade Silver Project - The Las Coloradas project has confirmed shallow, high-grade silver-gold mineralization that remains open in all directions, with multiple large-scale targets yet to be tested [2][5]. - The 2025 drill program intersected high-grade silver and gold mineralization in five holes, with significant results including 1.15 meters at 525 ppm Ag and 0.185 ppm Au in hole LC-25-004 [3][4]. - Upcoming drilling will focus on step-out and deeper drilling around the Soledad and Soledad II vein systems, with approximately 700 meters of the Soledad structure remaining to be tested [5][9]. Group 2: Almoloya Gold/Silver Project - The Almoloya project, located 30 km north of Las Coloradas, includes past-producing mines and shows strong potential for gold-silver discoveries due to its historical production and extensive underground workings [10][11]. - The Cigarrero Mine, part of the Almoloya project, has a history of high-grade production, with approximately 1.25 million tonnes of ore grading 600 g/t Ag, 40% Pb, and 25% Zn [12]. - Kingsmen plans to conduct reconnaissance exploration and diamond drilling on the gold-bearing structures in 2026, focusing on the Juliettas prospect which shows high exploration potential [11][13]. Group 3: Exploration Potential - Both projects are situated in historically productive mining districts with geological similarities to major silver-gold deposits in Mexico, indicating significant untapped potential [14][17]. - The Las Coloradas project covers a historic mining district with numerous previously exploited mines, while the Almoloya project consolidates fragmented claims with extensive historical data available for exploration [15][14]. - New priority drill targets are emerging at the Saddle and Silvia/La Plata zones, highlighting the district-scale discovery potential at Las Coloradas [9][8].