Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Kingsmen Resources (KNG) acquires 342-hectare claim next to its 100 per cent owned Las Coloradas project in Mexico’s Parral mining district
  • The claim was purchased from an arm’s length vendor independent of the company and the vendor of the Las Coloradas project
  • The new claims will now form a part of the Las Coloradas project
  • Historic mining at the Las Coloradas project includes high-grade vein, silver-gold-lead-zinc-copper
  • Shares of Kingsmen Resources (KNG) are unchanged at C$0.34 on Tuesday

Kingsmen Resources (KNG) acquires a 342-hectare claim next to its 100 per cent owned Las Coloradas project in Mexico.

The company said the claim was purchased from an arm’s length vendor that is independent of the company and the vendor of the Las Coloradas project.

The new claims will now form a part of the Las Coloradas project and give the company significant control in the Parral mining district in Mexico.

According to a statement, the claim covers prospective geology and structural geophysical targets. A prominent northeast structural trend has also been indicated in the geology.

The acquisition is in line with our aggressive strategy to become the pre-eminent explorer in this historic mining district,” Scott Emerson, president of Kingsmen Resources, said in a statement.

Historic mining at the Las Coloradas project includes high-grade vein, silver-gold-lead-zinc-copper. The Las Coloradas mine also has similar geology to the Parral mining district where vein mineralization goes to depths of 600 to 1,000 metres.

Kingsmen Resources is focused on exploration and development in the Parral mining district of Mexico.

Shares of Kingsmen Resources (KNG) are unchanged at C$0.34 on Tuesday.

More From The Market Herald

@ the Bell: Q4 off to a rough start for the TSX

The final quarter of 2023 began on a dim note for Canada’s main stock index, which continued its decline on Monday.
Aritzia

Aritzia Inc. stock jumps after it reports Q2 2024 results

Aritzia Inc. (TSX:ATZ) stock jumped early Friday after the Canada-based fashion design house reported second quarter results for fiscal 2024.

An undervalued Canadian mining company hiding in plain sight

The best returns among Canadian mining companies are earned by building conviction when market sentiment is low, such as the present moment.
The Market Herald Video

Pan Global Resources is on the edge of a big discovery

We touch base with Pan Global Resources, which is focused on discovering copper, to find out what is planned for the remainder of the…