Exploration Co. Reveals Untapped Mexico Gold-Silver Discovery

Source: Streetwise Reports 04/10/2026

Kingsmen Resources Ltd. (KNG:TSXV) boosts Las Coloradas scale with new claim and Saddle target, highlighting gold-silver indicators and exploration upside.

Kingsmen Resources Ltd. (KNG:TSXV) has added the Claudia 2 Claim, specifically the untested Saddle target, parallel structures, and southerly extensions, to its Soledad and Soledad II gold and silver vein systems at Las Coloradas.

In a news release on April 7, 2026, company president Scott Eerson said, “The purchase of the Claudia 2 claim represents an opportunity in the district that has never been drilled and enhances the scale and potential of what is already shaping up to be a district-scale opportunity. The Saddle target sits approximately five kilometers (three miles) from our Las Coloradas high-grade silver project. It sits between two mag highs and is similar in setting to the geology of the historic high-grade La Preita mine, which Parral was built around. While a portion of our upcoming drill program will be follow-up drilling on our 2025 drilling success, a portion of our campaign will be testing high-potential exploration targets across the property.”

The Saddle target has recently tested positive for anomalous gold and silver values associated with copper, lead, zinc, arsenic, bismuth, and antimony in quartz-carbonate vein samples. An April 7 article by Stockwatch reported, “Despite widespread soil and alluvium cover limiting outcrop exposure, the combination of geological, geophysical and geochemical vectors points to strong potential for significant blind mineralization — possibly analogous in geological setting to Penasquito, where intrusion-related diatreme breccias host one of the world’s largest silver-gold-zinc mines and a world-class example of a large polymetallic carbonate replacement and skarn-related system in the Mexican silver belt.”

The Parral region in Chihuahua, Mexico, where Kingsmen owns the Las Coloradas and Almoloya districts, is one of the most productive silver belts in the world. These projects lie directly on top of structural corridors containing many of Mexico’s strongest silver-gold deposits.

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 Los Ricos North project in Jalisco state, Mexico, which is owned by GoGold Resources Inc. (GGD:TSX; GLGDF:OTCQX).

Inflation, War, Silver, and Gold

Markets for gold and silver haven’t moved much amid a drop in the U.S. dollar value and uncertainty surrounding the U.S.-Iran War. While gold is expected to be up 2% this week, continuous gold futures were down 0.7% at US$4,786 an ounce. An April 9 article for MSN by Adam Clark said, “Investors appear to be trimming their positions in the precious metals as they look ahead to U.S.-Iran talks this weekend.”

May silver prices were down US$0.823 at US$75.59. On April 10, Jim Wyckoff for Kitco said, “May silver futures bulls see their next upside price objective is closing prices above solid technical resistance at US$80.00. The next downside price objective for the bears is closing prices below solid support at the March low of US$61.21.”

Chief Investment Officer of Zaye Capital Markets, Naeem Aslam, discussed oil price inflation and its consequences with Kitco on April 10, saying, “The Fed is now staring down a nightmare scenario where headline pressures reaccelerate while growth slows. Expect ‘higher for longer’ to get a fresh lease on life unless oil collapses sustainably, which looks highly unlikely anytime soon. Traders celebrating today may be in for a rude awakening in May.” Aslam expects this environment to remain positive for gold.

Bloomberg eased investors’ nerves late in the evening on April 9: “While the course of the Middle East war remains unknowable, it’s probably fair to make the case that the conflict stands to place greater strain on governments’ fiscal positions and overall debt burdens, including in the U.S. And that trend stands to bolster the precious metal’s appeal as an asset that operates as a time-tested, highly liquid and independent store of value.”

Expert Calls Kingsmen ‘Catalyst-Rich’

Ted Butler of The Gold Advisor discussed Kingsmen’s announcement in an April 7 report, saying, “Prior to today’s news, Kingsmen’s upcoming 15,000-meter drill program was already catalyst-rich enough, especially against the backdrop of historic production and early high-grade hits. Today, however, the company has added another layer to that upside potential, by securing the 100% owned Claudia 2 claim and the never-before-drilled Saddle Target that sits within it.”

In reference to the company’s stock, Butler wrote, “Kingsmen shares are down 3% today, which is nothing untoward after a 1.5% drop in silver. Ultimately, we seldom fret over near-term volatility, especially when the long-term fundamentals remain so compelling. At a CA$42M market cap, yet drilling a 15,000-meter drill program in a historic gold-silver district, Kingsmen is no exception to the rule. As such, Peter and I are maintaining our full weighting in the stock.” [OWNERSHIP_CHART-11571]

Plans for Las Coloradas and Amoloya

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 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/2026/04/10/exploration-co-reveals-untapped-mexico-gold-silver-discovery.html