Kingsmen Resources Ltd. Advances its Las Coloradas Project with High‑Grade Silver‑Gold Discovery

Kingsmen Resources Ltd. (TSXV: KNG; OTCQB: KNGRF) announced on 3 December 2025 that the recent LC‑25‑008 drill hole at its Las Coloradas silver project has yielded a significant high‑grade silver‑gold mineralization. The hole, positioned 160 meters from the previously reported LC‑25‑010 intercept, intersected 931 g/t silver equivalent with 1.28 g/t gold over a 1.60‑meter interval (156.4‑158.0 m). This discovery confirms the continuity of the silver‑rich zone and demonstrates the presence of economically viable gold within the same structural framework.

Contextualizing the Find

The Las Coloradas site, located in the Parral mining district of Chihuahua, Mexico, is situated in the Central Mexican Silver Belt, an area renowned for high‑grade polymetallic mineralization. Kingsmen’s drilling program, comprising 12 holes totalling 3,227.2 meters, has been conducted entirely on company‑owned land, underscoring Kingsmen’s commitment to maximizing ownership and control over its resource base.

The new intercept is the fourth major highlight within the drilling campaign:

  1. High‑grade silver intercept – 931 g/t silver equivalent with 1.28 g/t gold over 1.60 m (156.4‑158.0 m).
  2. Gold‑rich mineralization – 1.28 g/t gold, reinforcing the polymetallic nature of the deposit.
  3. Additional high‑grade zone – 200 g/t silver equivalent and 0.28 g/t gold over a 10.5‑meter interval (200.5‑211.0 m).
  4. Consistent structural control – The new intercept lies directly above the previously reported 931 g/t intercept in LC‑25‑010, suggesting a vertically stacked mineralization system.

These results reinforce Kingsmen’s valuation of the Las Coloradas project as a viable candidate for further exploration and, ultimately, a prospective production asset.

Financial Snapshot

  • Close Price (1 Dec 2025): CAD 1.91
  • 52‑Week High (1 Dec 2025): CAD 2.10
  • 52‑Week Low (4 Dec 2024): CAD 0.45
  • Market Capitalization: CAD 56.6 million
  • Price‑to‑Earnings Ratio: –44.86 (reflecting ongoing exploration expenditures and a recent operating loss of CAD 0.01 per share for the quarter ended 30 Sep 2025).

The recent financial results, while indicating a narrow operating loss, are typical for a junior mining company in the exploration phase. The primary focus remains on advancing the project to a stage where cost‑effective mining can be achieved.

Forward‑Looking Implications

The high‑grade intercepts, coupled with the structural continuity of the silver‑gold zone, position Kingsmen’s Las Coloradas project as a compelling prospect within the Central Mexican Silver Belt. The company’s strategy of drilling on fully owned land mitigates concession risks and preserves upside potential.

Given the current price trajectory and the discovery’s proven grade, the market is likely to recognize the intrinsic value of the Las Coloradas resource base. Should Kingsmen successfully advance to resource definition and metallurgical testing, the project could transition into a mineable commodity, providing a potential catalyst for shareholder value.

In the interim, Kingsmen’s disciplined drilling program, coupled with a clear focus on high‑grade mineralization, indicates a measured yet optimistic path forward. Stakeholders should monitor upcoming technical reports and potential feasibility studies that will further quantify the economic potential of the Las Coloradas deposit.