Kingsmen Resources (TSX-V:KNG) has reported ‘high-grade’ silver intercepts from its deepest hole at the Las Coloradas Silver Project in Mexico.
Hole LC-26-013 returned 5.2m @ 257 grams per tonne silver equivalent (AgEq), including 1.4m at 641g/t AgEq.
The intercept sits 54m down-dip from previously reported hole LC-25-010 and confirms mineralisation continuity over 135m of vertical depth at the Soledad system.
LC-26-013 represents the deepest hole drilled to date at Soledad and cut a continuous alteration zone spanning 116.9m from 130m downhole.
Drilling has established a three-hole fence demonstrating silver-gold mineralisation across 135m of vertical depth. Previous holes LC-25-010 and LC-25-005 returned 1.45m @ 1,028g/t AgEq and 15.7m @ 74g/t AgEq respectively.
Mineralisation comprises silver and gold bearing pyrite, sphalerite, galena, and arsenopyrite with pervasive phyllic alteration.
This mineralised zone dips east at approximately 30 degrees from LC-25-005 to LC-25-010, steepening to 45 degrees from LC-25-010 to LC-26-013.
“These results continue to demonstrate the strength, continuity and expansion of the Soledad system. These are the first of over 1,000 samples from the 19 holes completed to date,” Kingsmen President Scott Emerson says.
KNG has identified a new structural target based on the flexure observed in recent holes associated with high-grade mineralisation. Mineralisation remains open at depth and along strike, with assays pending for the majority of completed holes.
Kingsmen Resources is a Canadian Mexican-focused silver-gold explorer advancing the Las Coloradas project in the Parral mining district.
Write to JC Villarba at Mining.com.au
Images: Kingsmen Resources
