Gold / Silver Stock Kingsmen Resources Ltd. (TSXV: KNG) Gains on Drill Results
Kingsmen Drills a New Discovery of High Grade Silver and Gold Mineralization (931 g/t) Silver Equivalent with 1.28 g/t Gold over 1.60 Meters (156.4-158.0m)
Investorideas.com (Investorideas.com Newswire) a top 100 rated investment site for retail investors following mining stocks issues a trading and news alert for Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) ( FSE: TUY) .
The stock is up in early trading, currently at $2.0000.+0.0900, gaining 4.71%.
Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) reported first assays from hole LC-25-008 that intersected significant new gold rich silver mineralization. This hole was drilled 160 meters from the previously reported high grade silver discovery of 1,028 g/t silver equivalent over 1.45 meters (455 g/t silver) from 190.25-191.70m including 1,742 g/t silver equivalent over 0.70 meters (770 g/t silver) from 190.85- 191.55m in hole LC-25-010 (see news release September of 24, 2025). These holes were drilled as part of the recently completed 12 hole – 3,227.2 meter drill program on its 100% owned Las Coloradas silver project. The Las Coloradas project is in the Parral mining district of the Central Mexican Silver Belt, Chihuahua Mexico.
Four Key Highlights:
HIGH GRADE SILVER DISCOVERY
- 931 g/t silver equivalent with 1.28 g/t gold over 1.60 meters (521 g/t silver) from 156.4-158.0m.
- Gold rich mineralization.
NEW DISCOVERY - WIDE MINERALIZED ZONE
- 200 g/t silver equivalent & 0.28 g/t gold over 10.50 meters (97.4 g/t silver) from 154.5-165.0m.
- New silver-gold target.
- Hole drilled 160 meters from high grade hole LC-25-010.
SHALLOW, NEAR-SURFACE MINERALIZATION
- Mineralization starts at approximately 135 meters vertical depth.
- Multiple mineralization styles including massive sulphides.
- Strong pathfinder elements (antimony, indium, bismuth, and tellurium) indicate larger system.
SIGNIFICANT DISCOVERY POTENTIAL
- Less than 5% of property explored.
- 8.5 km2 consolidated historic mining district.
- Multiple untested structures and veins.
- Located in Mexico's prolific Parral Silver District.
President, Scott Emerson commented,
"The gold rich silver mineralization intersected in this hole is an exciting discovery on a previously unknown structure. The mineralized intercepts in this hole and hole LC-25-010 are significantly wider than those historically reported and mined by ASARCO for the Soledad mineralization. This new discovery, potentially adds a 3rd structure in what is a new area and the gold values significantly enhance the value of the mineralization. This mineralization is believed to be similar to that of the old La Prieta mine whose tailings are being reprocessed at GoGold's, Parral operation. In addition, it opens the potential for additional significant discoveries in, to-date, untested structures which can be mapped at surface."
Vice President of Exploration, Kieran Downes Ph.D., P.Geo. noted
"The property continues to deliver exciting and promising results that show the potential for additional, new high-grade discoveries. There are many kilometers of veins/structures, all of which are prospective especially where dilatant zones for mineralization may be created by changes in attitude, splays, lithologic contacts and intersections. The shape of the mineralization may vary from simple vein to chimney to manto. The role of the intrusion intersected at depth, if any, will be evaluated in conjunction with the receipt of assays."
Hole LC-25-008 was drilled to test two separate targets.
Target 1 was the intersection of a NE-trending vein/structure with a flexure/cymoid curve in a NW-trending vein/structure at the margin of a magnetic high (Figures 1 and 2). The flexure is approximately 400 meters long and may have may have created a dilatant zone(s) in Target 1 and beyond. The hole bottomed in intrusive confirming the interpretation of the magnetics. Target 1 returned the significant intersection reported here (Table 1).
Target 2 was the intersection of NW-trending and NE-trending structures/vein systems, in an area of high chargeability and resistivity, at the margin of a magnetic high/intrusive (Figure 2). Assays are pending.
Hole LC-25-008 (Table 1; Table 2; Table 3) intersected an alteration zone with massive sulphide mineralization from approximately 154.5 to 165.0 meters (10.50 meters) downhole. The silver rich massive sulphide mineralization comprises sphalerite, galena, arsenopyrite, and pyrite (Figure 3 and 4). The mineralization is strongly anomalous in pathfinder elements antimony, bismuth, indium, arsenic and tellurium (Table 1). Silver values vary with galena-sphalerite content. Significant gold is associated with the high-grade silver mineralization and varies with the arsenopyrite content. Of note is the presence of associated elevated to anomalous tellurium, a significant indicator of gold mineralization. The mineralization exhibits late-stage faulting and brecciation. The hole bottomed in a fine to medium grained feldspar porphyry carrying disseminated pyrite confirming the interpretation of the magnetics.
The mineralized zone has a brecciated section from 155.95 to 157.0 meters composed of translucent quartz veins, white quartz, and masses of sulfides arranged in a stockwork. Sphalerite predominates with pyrite, smaller amounts of galena and arsenopyrite are also present. Arsenopyrite predominates in the quartz veining. From 157.0 to 158.45 m, there is a cavity with clusters of arsenopyrite, pyrite, galena, sphalerite and druses with prismatic quartz and possibly jamesonite crystals. The host rocks are sediments displaying moderate shear deformation, intense green chloritic alteration and silicification.
Full news:
https://ca.finance.yahoo.com/news/kingsmen-drills-discovery-high-grade-133000215.html
Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) is a featured mining stock on Investorideas.com
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