Lab Report | July 22 Deep Dive on Kingsmen
CEO.CA Jul 22, 2026 12:57
Summary
Kingsmen's deepest hole returned 641 g/t silver equivalent over 1.4 metres, the highest-grade intercept reported at Soledad.
Grade is king, but continuity along strike and at depth is a close second, and investors should judge both.
Alteration halos around a vein are what most investors overlook, yet they mark where the ore-bearing fluids travelled.
Flexure and dilatancy simply mean rock opening up, which gives metal-bearing fluids a path of least resistance.
Shares rose 9.8% to C$1.12 on the release, leaving market value at roughly C$38.7 million.
Allan Barry Laboucan's takeaways
- Top takeaway He chose the Kingsmen Soledad depth result as the first deep dive of his 22 July 2026 lab report, saying it was among the most interesting news releases that day.
- His stated framework is that grade is king but continuity is a close second, and he argues the 135 m of vertical depth with a continuous zone of alteration and mineralization across the three-hole fence is exactly the continuity he wants to see as a system deepens.
- He says he gets most interested in blind discoveries — new targets found while drilling for a different one — which is why he highlights the newly identified structural target to the southeast and northwest of the system.
- He argues that alteration halos and pathfinder minerals (pyrite, sphalerite, galena, arsenopyrite, with sericite and muscovite alteration) mark where metal-bearing fluids have travelled and where gold and silver mineralization will be, and that investors underrate that evidence, citing his 30-plus years of exploration experience.
- He cautions viewers that part of the news release restates a hole and results reported last year, pointing them back to those earlier releases rather than treating all of it as new.