Kingsmen Resources – New Structure Encountered Which Intersected 218g/t AgEq over 6.5 Meters, Located 150 Meters West of High-Grade Hole LC-25-010
The KE ReportShow Notes
Scott Emerson, President and CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY), joins me for another exploration update where on September 22nd additional assays were reported from drilling a new structure (#8) on the Company's Las Coloradas silver project in the Parral mining district of the Central Mexican Silver Belt, Chihuahua Mexico.
Highlights :
LC-26-020 returned 218 g/t AgEq (199 g/t silver and 0.53 g/t Au) over 6.45 metres, including 338 g/t AgEq (313 g/t silver) over 1.95 metres Confirms high-grade mineralization on a new structure (#8), 150 meters west of high-grade hole LC-25-010 Second hole drilled on the #8 structure, following LC-25-008 (200 g/t AgEq and 0.28 g/t Au over 10.5 meters, including 931 g/t AgEq and 1.28 g/t Au over 1.6 meters), confirming continuity of high-grade mineralization across structures
Scott shares the significance of encountering a 3rd structure, based on the cross-cutting structures, and it is receiving immediate ~50-meter step-outs on either side of hole LC-26-020.
We go on to discuss some of the key exploration targets drilled in this year’s program thus far at the Soledad main structure, which has the historic Las Colorada Mine Target, the DBD Target, and then further along trend the Aguilar Target.
We then panned back on other targets at Las Coloradas getting drilling along the Soledad 2 structure on targets like Leona, or further afield regional targets like Saddle, based on the various data sets from mapping, sampling, historic data, and surveys flown that their team has compiled in the prioritized targets for this season.
There have been about 5,000 meters drilled to date, out of the 10,000 meter program, with multi-rig drilling still underway all the way up to the Christmas holiday. Then drilling will pick up again in late January and just keep going. The company is well funded with ~$13million in the treasury, and there will be a stead stream of assays to report for months into the future, building out the different areas of mineralization from this larger system.
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