Scott Emerson, President and CEO of Kingsmen Resources Ltd. (TSXV: KNG) (OTCQB: KNGRF) (FSE: TUY), joins me for an introduction to this newly formed junior exploration company focused on silver and gold discoveries across the Parral District, in Chihuahua, Mexico.
We start off with Scott sharing some of the background on how this company came together, where he consolidated 15 mining concessions around the prior-producing Las Coloradas Mine to form their flagship Las Coloradas Project, and ensure that their land package has district-scale size potential. After a few years of work consolidating the land, sampling and mapping, and reviewing historical data from Asarco, the Company is now engaged in a 3,000 meter drill program, with 6 priority holes along the strike of the old mine, and upwards of 11-14 holes in total, that may also test beneath the water table.
Next we discussed the secondary Almoloya Gold-Silver Project, that has about 3 times the land position as Las Coloradas, and also involved consolidating several large concessions, including the prior-producing Cigarrero Mine. The mineralization is considered prospective for CRD types of polymetallic deposits, with the potential for near-surface oxide precious metals mineralization.
Wrapping up I had Scott share his background in the industry, highlight a few of the key members of the management team and board of directors, key stakeholders, and the financial health of this new exploration company. The company is cashed up to execute on this exploration program, and drilling is underway.
If you have any questions for Scott regarding Kingsmen Resources, then please email those in to me at Shad@kereport.com.
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