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Kingsmen Announces Letter of Intent for an Option to Acquire the Almoloya Gold-Silver Project in the Parral Mining District, Chihuahua
Vancouver, British Columbia--(Newsfile Corp. - July 9, 2025) - Kingsmen Resources Ltd. (TSX...
About this update from Kingsmen Resources Limited
[{"type":"text","content":"Kingsmen Announces Letter of Intent for an Option to Acquire the Almoloya Gold-Silver Project in the Parral Mining District, ChihuahuaVancouver, British Columbia--(Newsfile Corp. - July 9, 2025) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) (\"Kingsmen\" or the \"Company\")  is pleased to announce that it has entered into a non-binding letter of intent dated July 04, 2025 (the \"LOI\") for an option to acquire the Almoloya Project (the \"Almoloya Project\"), a gold-silver project, located in the Parral Mining District of Chihuahua, Mexico. The Almoloya Project is located approximately 30 kilometres from the Company's flagship Las Coloradas silver project.The Almoloya Project was identified as part of Kingsmen's ongoing regional exploration programs in the Parral mining district, which prioritizes historic past producing mines with silver-gold potential and has a focus on epithermal and carbonate replacement deposits (\"CRD\") precious metal systems. The Almoloya Project represents the culmination of a land consolidation process that has taken over 20 years to complete. The now-contiguous land package brings together historically fragmented claims, many of which were previously held and explored by major operators. Extensive historical data from these programs, conducted up until the early 2000s, is available to Kingsmen and provides a valuable foundation for future exploration. Since that time, the project has seen no systematic exploration by either junior or major companies, leaving potential untapped in a prospective and historically productive district. Click here to see locator map: https://www.kingsmenresources.com/area-history Artisanal mining for gold with accessory silver, lead, and zinc, has taken place on a small portion of the Almoloya Project up until recently. Mining was limited to shallow, near surface mineralization to a maximum depth of approximately 50 meters.The Almoloya Project includes the past producing Cigarrero and Las Juliettas mines. The Almoloya Project represents a consolidation of five mineral claims into a single, contiguous land package covering 866.25 hectares (2,140.55 acres), with geology prospective for gold and CRD mineralization. President Scott Emerson commented: \"Since we began our regional exploration programs in the Parral Mining District, we have sought ...