Exploration Co. Advances 11,000m Silver Drill Program in Mexico

Source: Streetwise Reports 04/21/2026

Kingsmen Resources Ltd. (KNG:TSXV) launches an 11,000m Mexico drill program targeting high-grade silver, with experts citing 1,742 g/t potential.

Kingsmen Resources Ltd. (KNG:TSXV) has begun its fully financed 2026 drill campaign at its Los Coloradas project in the Parral Mining District of Chihuahua, Mexico. In an April 20, 2026, press release, Kingsmen president Scott Emerson said, “Last year’s discoveries at Las Coloradas have given us clear direction on where to focus in this year’s program. That’s our first priority. We are optimistic that this year’s work will confirm our view of the potential for an entire district, which we had in mind when we acquired the Las Coloradas project in 2023. This season’s program aims to complete at least 6,000 meters of core drilling in the first pass, followed by an additional 5,000 meters. In addition, the company is in the planning stages to drill at its Almoloya project, located 30 km from the La Coloradas project in the same mineral district. This project presents a different opportunity as it is predominantly a gold project as we know it.”

The drill program will follow up on results from the 2025 program targeted at the Soledad and Soledad II veins. This program will also touch on the Saddle target, which is 5 km from the Soledad veins and has never been drilled. The Saddle target is nestled between two interpreted intrusions — a geological setting that is often associated with large mineralization systems in Mexico.

The initial drill program (18 holes) will:

1. Undercut and offset the mineralization intersected in holes LC-25-005, LC-25-010, LC-25-008, LC-25-004 and LC-25-012;
2. Undercut and offset the strong structure, alteration, and pathfinder elements in LC-25-011, LC-002, and LC-25-003;
3. Test vein/structures, anomalous geochemistry, and chargeability anomalies in the Saddle target — a new target that has never been drilled — situated approximately five km (three miles) west of the Soledad/Soledad II veins/structures. The Saddle target is located between two prominent magnetic highs where a deep wedge of volcanics/sediments, and veins/structures prospective for epithermal precious metal, skarn, and porphyry mineralization are interpreted to underlie surface precious metals anomalies.

Kingsmen is a Canadian exploration company focused on silver and gold deposits. Outside of its own properties, the company holds a 1% net smelter return royalty on La Trini claims within the Los Ricos North project in Jalisco state, Mexico, which is owned by GoGold Resources Inc. (GGD:TSX; GLGDF:OTCQX).

Gold and Silver Bullish Despite War

Investing.com reported on the market the morning of April 21, 2026, quoting analysts at Vital Knowledge. They said, “[S]tocks traded very well considering the (ostensible) setback over the weekend in the U.S.-Iran negotiations (or lack thereof), but investors are starting to ignore the daily noise and nonsense and focus instead on the bigger picture.”

Among the constant questions surrounding the trajectory of the U.S.-Iran War, other factors have begun to affect the market.

“Alongside geopolitical developments, investor focus has shifted to domestic factors, particularly the Senate confirmation hearing of Federal Reserve Chair nominee Kevin Warsh, whose relatively hawkish stance on monetary policy and preference for a leaner balance sheet have previously weighed on bullion,” reported The Times of India on April 21. “Investors will parse his views on monetary policy, especially given his stance to favor a rate cut on AI-led productivity. A cautious view on inflation in light of the surge in oil prices due to the Iran war will weigh on commodities.”

Futures for silver and gold look bright despite these uncertainties.

Gold has been in a bull market since 2023, even through a market correction from January through March 2026. Futures remain high, regardless.

“Speculators’ gold-futures positioning is very bullish for gold today. Despite it remaining not far under recent record highs, total spec longs are actually below levels birthing gold’s late monster record bull. That means these super-leveraged traders have vast room to flood back in and chase gold higher, amplifying its gains. The rest of 2026 looks way more modest for gold compared to 2025, and thus more gold-futures-friendly.” Adam Hamilton, CPA, wrote for Ahead of the Herd on April 19, 2026. He continued, “There’s no way gold is going to skyrocket another 2/3rds this year, and is just recovering from that recent serious correction last month. If gold rallies a far-more-normal 10% to 20% in 2026, we’d be looking at year-end levels from US$4,744 to US$5,175. Such a way-less-risky gradual advancement could convince specs to return.

On April 19, Rich Duprey reported on the silver market for 247WallSt.com. Duprey wrote, “Silver enters 2026 facing its sixth straight annual structural deficit. The Silver Institute’s World Silver Survey 2026 projects a 46.3 million-ounce shortfall — 15% wider than the 40.3 million ounces recorded in 2025. Total supply is seen slipping 2% while demand eases only modestly.”

Demand for silver may not be going anywhere, especially with President Trump’s Section 123 Agreement, which allows other nations to access American nuclear reactor designs, fuel, and nuclear infrastructure. Silver is the most powerful conductor in the world and is necessary for building and maintaining these reactors. With interest from much of the world, silver’s demand is unlikely to decline. On April 21, 2026, Wealth Daily wrote, “Silver-intensive components cycle out and must be replaced, meaning nuclear demand isn’t a one-time construction cost — it’s a continuing draw on supply.”

Kingsmen Shares Resilient

Ted Butler and Peter Krauth of The Gold Advisor said that Kingsmen is “. . . entering what we believe could be its most newsworthy stretch yet . . .” on April 20, 2026. Butler expects that the 2026 drilling program is set to match or better the high-grade 1,742 g/t silver equivalent over 0.40 meters results from 2025′s campaign.

As for the stock, Butler wrote: “Kingsmen shares are flat today, a resilient showing given the broader weakness in silver. Yet at a CA$43M market cap, the stock still sits 55% below its all-time highs — a disconnect we find hard to justify ahead of an 11,000-meter drill program in one of Mexico’s premier silver districts. Peter and I hold a full weight in the stock and remain very comfortable doing so.” [OWNERSHIP_CHART-11571]

Multiple Projects Expanding

The company’s investor presentation discusses upcoming catalysts. Plans for Kingsmen’s Las Coloradas Project include defining a new target based on compiled data and geophysics, with 4,000 meters of drilling allotted for its Phase 2. For Phase 3, Kingsmen plans 11,000 meters of expansion and resource definition drilling.

Amoloya has three phases in planning for future programs. Phase 1 consists of data compilation, mapping, geophysics studies, and drill target selection. Phase 2 would be 3,000 meters of diamond drilling, while Phase 3 would complete an additional 7,000 meters of expansion and resource definition drilling.

Ownership & Share Structure¹

Kingsmen Resources Ltd. has a market cap of CA$45.57 million, with 34.52 million shares outstanding. The company’s 52-week range is CA$0.77-CA$2.85.

Institutions own 11.20% of shares, and Insiders and Management own 3.84%. The remaining 84.96% of shares are held by Retail.

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1. Cori Fisher wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
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1. Ownership and Share Structure Information

The information listed above was updated on the date this article was published and was compiled from information from the company and various other data providers.

( Companies Mentioned: KNG:TSXV, )

Source: https://www.streetwisereports.com/article/2026/04/21/exploration-co-advances-11-000m-silver-drill-program-in-mexico.html