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Kingsmen Resources Ltd (3)
Symbol KNG
Shares Issued 34,523,086
Close 2026-04-07 C$ 1.25
Market Cap C$ 43,153,858
Recent Sedar+ Documents

Kingsmen exercises option to acquire Claudia 2

2026-04-07 18:44 ET - News Release

Mr. Scott Emerson reports

KINGSMEN ACQUIRES 100% OWNERSHIP OF THE CLAUDIA 2 CLAIM, ADDING NEVER-DRILLED SADDLE TARGET AND DISTRICT-SCALE EXTENSIONS TO LAS COLORADAS SILVER-GOLD PROJECT

Kingsmen Resources Ltd. has exercised its option to acquire a 100-per-cent interest in the Claudia 2 claim, free of any net smelter return royalty. The Claudia 2 claim forms part of its Las Coloradas silver-gold project in the mining-friendly jurisdiction of Parral, Chihuahua, Mexico. The acquisition materially expands the company's district-scale land position by adding the untested Saddle target, as well as parallel structures and southerly extensions, to the Soledad and Soledad II high-grade mineralized vein systems.

The Saddle target

The Saddle target is situated between two prominent magnetic highs, interpreted to be intrusions, approximately five kilometres (three miles) from Las Coloradas project core. Geophysical interpretation indicates a deep wedge of volcanics and sediments, with vein/structures prospective for epithermal precious metal, skarn and porphyry mineralization, underlying surface geochemical anomalies. Two lines of induced polarization/resistivity data from an adjacent survey partly overlap the historic Saddle workings, and distinct chargeability anomalies interpreted as part of the Saddle target have been identified.

Prospecting in the area has returned anomalous gold and silver values with associated copper, lead, zinc, arsenic, bismuth and antimony in quartz-carbonate vein samples. Despite widespread soil and alluvium cover limiting outcrop exposure, the combination of geological, geophysical and geochemical vectors points to strong potential for significant blind mineralization -- possibly analogous in geological setting to Penasquito, where intrusion-related diatreme breccias host one of the world's largest silver-gold-zinc mines and a world-class example of a large polymetallic carbonate replacement and skarn-related system in the Mexican silver belt.

President Scott Emerson commented: "The purchase of the Claudia 2 claim represents an opportunity in the district that has never been drilled and enhances the scale and potential of what is already shaping up to be a district-scale opportunity. The Saddle target sits approximately five kilometres (three miles) from our Las Coloradas high-grade silver project. It sits between two mag highs and is similar in setting to the geology of the historic high-grade La Preita mine, which Parral was built around. While a portion of our upcoming drill program will be follow-up drilling on our 2025 drilling success, a portion of our campaign will be testing high-potential exploration targets across the property."

Qualified person

Kieran Downes, PhD, PGeo, a director of Kingsmen and a qualified person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure set out in this news release.

About Kingsmen Resources Ltd.

Kingsmen Resources is a discovery-driven explorer focused on unlocking the potential of two 100-per-cent-owned precious metal districts -- Las Coloradas and Almoloya -- located in the historic Parral region of Chihuahua, Mexico, one of the most productive silver belts in the world. Both projects cover past-producing high-grade silver and gold mines, and lie directly on the structural corridors that host many of Mexico's most notable silver-gold deposits.

Recent drilling at Las Coloradas has confirmed new zones of shallow, high-grade mineralization and highlighted the potential for multiple parallel structures across a 4.5-kilometre trend. At Almoloya, historic drilling, extensive underground workings and multiple vein systems point to strong potential for both vein-hosted and carbonate replacement style mineralization.

Kingsmen also holds a 1-per-cent net smelter return royalty on La Trini claims within GoGold Resources' Los Ricos North project in Jalisco state, Mexico.

We seek Safe Harbor.

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