Business
Las Coloradas Project Geology Update
Vancouver, British Columbia--(Newsfile Corp. - July 11, 2023) - Kingsmen Resources Ltd.  (...
About this update from Kingsmen Resources Limited
[{"type":"text","content":"Las Coloradas Project Geology UpdateVancouver, British Columbia--(Newsfile Corp. - July 11, 2023) - Kingsmen Resources Ltd. (TSXV: KNG), (OTCQB: KNGRF) (\"Kingsmen\" or the \"Company\") is pleased to report on the detailed, 1:5,000 scale geological mapping of the 100% owned Las Coloradas project including the Soledad and Soledad II structures, and their subsidiary structures. Located 30km from Hildago, Parral, Chihuahua, Mexico the Soledad structures were historically mined by ASARCO (American Smelting and Refining Company), the U.S. based subsidiary of Grupo Mexico.Scott Emerson, President commented: \"Kingsmen is making significant progress in sourcing and compiling exploration data for the Las Coloradas project. As the database grows new exploration opportunities are becoming apparent in the recognition of mineralized structures apart from Soledad and Soledad II, and the potential for epithermal gold-silver mineralization. The structures have not been drilled at depth or along strike. As well, new targets are being identified in the consolidated land position where new claims have been added.\"Kingsmen's new geological map (Figure 1) delivers an excellent understanding of the mineralization and its structural control(s). The mineralization is shallow, high-grade, silver-gold-lead-zinc-copper quartz-calcite veins hosted by all rock types in structures that cut all rock types. The mineralized structures may go to significant depths. Flexures, intersecting structures, en échelon veins, and dilation zones control the development and location of individual bodies of mineralization. Two important areas of mineralization are currently recognized. The first is at the southeast end of the Soledad structure (see News Release dated June 7, 2023). The second is the cluster of old workings at the northwest end of the Soledad II structure.The Las Coloradas mineralization is on the southeast flank of a prominent aeromagnetic high interpreted to be a buried felsic intrusive body (Figure 2). The felsic intrusives associated with the Soledad and Soledad II structures are likely linked to this body and the setting is favourable for porphyry, skarn and epithermal vein mineralization.While the strongest mineralized orientation is NW-trending there are also quartz veins/structures with a NE-trend. The geometry of the veins...