Business
Kingsmen Resources Announces Exploration Plans for Las Coloradas and Almoloya Projects Following Fully Funded Financing
Vancouver, British Columbia--(Newsfile Corp. - February 17, 2026) - Kingsmen Resources Ltd. (TSXV...
About this update from Kingsmen Resources Limited
[{"type":"text","content":"Kingsmen Resources Announces Exploration Plans for Las Coloradas and Almoloya Projects Following Fully Funded FinancingVancouver, British Columbia--(Newsfile Corp. - February 17, 2026) - Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY) (\"Kingsmen\" or the \"Company\") is pleased to report plans for the exploration programs on its 100% owned Las Coloradas and Almoloya projects in the province of Chihuahua, Mexico. Following the closing of its bought-deal private placement on February 11, 2026, the Company is fully funded to accelerate exploration and implement its business initiatives.Highlights: Las Coloradas High Grade Silver ProjectStep-out and deeper drilling planned on the high-grade Soledad and Soledad II vein systemsApproximately 700 metres of the Soledad structure remains to be testedSignificant discovery potential in the largely undrilled (1 hole) 1.7 km Soledad II structureNew priority drill targets emerging at Saddle and Silvia/La Plata zonesMultiple large-scale, largely untested targets highlight district-scale discovery potential at Las ColoradasAlmoloya Gold/Silver ProjectInitial diamond drilling planned on the gold-rich Juliettas structuresDistrict-scale CRD and oxide potential identified at Cigarrero Mine áreaBoth projects located in prolific mining districts with geological similarities to major silver-gold deposits in MexicoPresident, Scott Emerson commented, \"With the successful completion of our upsized bought deal financing, Kingsmen is exceptionally well positioned to aggressively advance exploration across both the Las Coloradas and Almoloya projects. The results from our inaugural drill program at Las Coloradas confirmed shallow, high-grade silver-gold mineralization that remains open in all directions, while multiple large-scale targets remain virtually untested. At Almoloya, the combination of historic production, extensive underground workings, and compelling structural controls provides an exciting opportunity to unlock significant new gold-silver discoveries. 2026 will be a transformative year for the Company.\"Las Coloradas High Grade Silver Targets:Soledad & Soledad II Vein/StructuresThe 2025 drill program, the first on the property, intersected high-grade, shallow silver mineralization + gold in five holes. All results were previously reported.HOLE IDFrom (m)To(m)Width(...