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Kingsmen Resources: 6,000m Silver drill plan
Episode 14007
Published 20 hours ago
Description
Kingsmen Resources CEO Scott Emerson joined Angela Harmantas at the Prospectors & Developers Association of Canada or PDAC conference in Toronto to share news about the company’s advancing silver and gold projects in Chihuahua, Mexico, and the upcoming 6,000 metre phase two drill program at its Las Coloradas project.
Emerson explained that Kingsmen Resources has consolidated two historic, past-producing districts into district-scale opportunities. He described both assets as brownfield projects, highlighting the company’s guiding principle: “the best place to find a mine is where there was a mine.”
At Las Coloradas, the company previously completed a 3,200 metre phase one drill program focused on testing whether historic workings extended along strike and below the water table. Emerson noted the program delivered encouraging results, stating that the company saw strong mining widths and that “the grade got better as we went deeper.” Phase two drilling will expand on those results with an initial 6,000 metre campaign designed to test depth extensions and continuity.
The company is also advancing its gold project, which Emerson said was consolidated from fragmented land holdings previously controlled by major operators including Kennecott, Anglo and Grupo Mexico. At the Chevitos target, prior shallow RC drilling returned grades ranging from 8 to 12 grams per tonne over several metres, with drilling limited to just 50 metres depth.
Kingsmen Resources recently completed a financing and currently holds approximately $1.7 million in cash. Emerson said the company’s strategy is focused on exploration success, noting, “we’re treasure hunters,” with the objective of defining a discovery attractive to nearby producers.
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