Kingsmen Resources – New Structure Encountered Which Intersected 218g/t Silver Eq over 6.5 Meters
Summary
Kingsmen Resources reported 218 g/t silver-equivalent (gold credits converted into silver terms) over 6.45 metres on a newly identified third structure at Las Coloradas.
Drillers targeted blind mineralization — ore not visible at surface — where mapping showed cross-cutting structures, a setting that often traps high-grade ore.
Roughly 50-metre step-outs are underway on the new structure, and 11 holes are already at assay labs with results batching out for months.
About 5,000 of the planned 10,000 metres are drilled; $13.5 million in cash funds multi-rig drilling through mid-December, restarting around January 20.
Nearby Chihuahua mines run 500 metres deep, so the CEO plans to follow mineralization down gradually rather than commit early to deep holes.
Key points on First Majestic Silver
- Scott Emerson cites First Majestic's Los Gatos project in Chihuahua as an example of regional mines running deep, around 500 metres, when explaining why Kingsmen plans to follow the mineralization before committing to deep holes of its own.
Shad Markwitz's takeaways
- Top takeaway Host Shad Markwitz frames the new #8 structure hit as a science-based "wildcard" step-out of about 150 metres that paid off, and presses the CEO on the wide 6.5-metre intercept and the 50-metre step-out plan.
- He closes by summing up Kingsmen as cashed up, still drilling, and carrying pending results from multiple targets, and directs listeners to the company's news feed to follow the upcoming assays.