$KNG.v - Kingsmen Resources
My favourite high-potential bet.
Why? Well, look where they are located.
The company owns two projects in Mexico:
-Las Coloradas, their flagship silver project
-Almoloya, a historic gold and silver project
Both are located in Chihuahua State, Mexico, one of the most prolific silver regions on earth, with over 450 years of mining history.
But Las Coloradas is the real story...
LAS COLORADAS, THE FLAGSHIP (They target 200M OZ high grade
#Silver at this project alone)
Las Coloradas is located just 38 km from Parral, in the heart of the Parral silver belt.
This belt hosts numerous world-class deposits, including Discovery Silver’s giant Cordero project, as well as multiple past-producing and active silver mines.
Kingsmen sits right in the middle of this highly fertile silver district.
THE HISTORY, OWNED BY ONE OF THE WORLD’S BIGGEST MINERS
Las Coloradas was historically owned and mined by ASARCO. At the time, ASARCO was one of the largest mining companies in the world. They mined Las Coloradas between 1943 and 1952.
Historic grades ranged roughly:
300 g/t to over 500 g/t silver.
That is extremely high grade.
So why did they stop mining?
Because silver was priced around $0.70 per oz.
Not $7.
Not $27.
Not $77.
Not $107.
$0.70.
At those prices, mining deeper and expanding the system made no economic sense.
So ASARCO mined the easy shallow high-grade veins and then left. Not because the
#silver was gone. Because the economics did not justify further exploration at the time.
WHAT HAPPENED AFTER ASARCO LEFT
After ASARCO stopped mining, the project sat under private Mexican ownership for decades.
No modern drilling.
No modern exploration.
The district remained largely forgotten for nearly 70 years. 😳
Until Kingsmen acquired it...
2019, KINGSMEN ACQUIRES THE DISTRICT
In 2019, Kingsmen acquired and consolidated the entire Las Coloradas district.
For the first time in modern history, one company controlled the full historic mining system.
Their thesis was simple:
The historic mine likely only represented a small portion of a much larger system.
2019 TO 2024, PREPARATION PHASE
Over the next several years, Kingsmen completed:
Detailed geological mapping
Surface sampling
Geophysical surveys
Tracing of historic veins over long distances
Definition of drill targets
They were preparing for the first modern drill program ever conducted on the district.
2025, FIRST MODERN DRILLING BEGINS
In 2025, Kingsmen launched their first ever drill program on the project.
They drilled 12 holes totaling over 3,200 meters.
This was the first time the project had ever been drilled using modern techniques.
THE DISCOVERY, HIGH-GRADE SILVER CONFIRMED
Results included:
1,742 g/t AgEq
1,028 g/t AgEq
931 g/t AgEq
525 g/t AgEq
241 g/t AgEq
200 g/t AgEq
138 g/t AgEq
These intercepts confirmed something very important:
The silver system continues below the historic mine.
And it likely extends far beyond what was historically mined.
Importantly, less than 5% of the property has been explored so far.
2026, FULLY FUNDED FOR DISCOVERY EXPANSION
Kingsmen recently raised $13 million in a private placement at $2.25 per share.
The current share price is $1.12.
That means institutional investors funded the company at significantly higher prices than today.
We are currently trading at a -50.22% discount to the PP price.
The stock needs 100.89% just to get back to the $2.25 PP level.
And it needs 154.46% to recover the recent high at $2.85.
Kingsmen is now fully funded for aggressive drilling to expand the discovery.
WHY THIS STORY MATTERS
This is exactly how major silver discoveries begin:
-A historic high-grade mine
-Abandoned due to low silver prices
-Rediscovered decades later
-Modern drilling proves the system is still alive
-And potentially much larger than previously known
FINAL INVESTMENT CASE
Kingsmen today has:
-Historic high-grade past-producing silver mine
-Modern discovery confirming high-grade silver
-District-scale land package
-Fully funded treasury
-Extremely tight share structure
-Located in one of the best silver belts on earth
And they have only just begun drilling.
The story is still early.
That means the risk/reward is higher.
With a $13M war chest, we are about to see some torque going forward, in my opinion, as they are still early on the curve.
SIDENOTE
They are located in the heart of the Parral silver belt in Chihuahua, Mexico, one of the most prolific silver regions on earth.
They are also surrounded by multiple large silver deposits and producing mines owned by well-known companies such as:
$DSV.to, Discovery Silver, Cordero Project
One of the largest undeveloped silver deposits in the world, with roughly 1 billion oz silver equivalent.
$KTN.v, Kootenay Silver, La Cigarra Project
Kootenay Silver controls roughly 300 million oz silver equivalent across its La Cigarra and Promontorio district in Chihuahua, Mexico, making it one of the largest undeveloped silver resource stories in Mexico.
$GGD.to, GoGold Resources, Parral Tailings Project
Producing approximately 2.5 to 3 million oz silver per year.
$AG.to, First Majestic Silver, Cerro Los Gatos Mine
Major producing underground silver mine producing roughly 9 to 10 million oz silver equivalent per year.
$GMEXICOB.mx, Grupo México, Santa Barbara Mine
Historic production of over 300 million oz silver and still producing today.
$GMEXICOB.mx, Grupo México, San Francisco del Oro Mine
Another major historic producing silver district with over 200 million oz silver produced.
FINAL THOUGHTS
I like the setup.
It has the chart entry.
It has the story.
It has the cash.
It has the tight share structure.
It has the district.
It has the discovery upside.
And compared to many juniors that are much further ahead on the curve, Kingsmen still has most of the upside left to prove.
With a $13M war chest, we can expect a lot of drilling and active newsflow this year, and hopefully market-moving results.
I also like the discount.
At $1.12, the stock needs almost 101% just to recover the PP level at $2.25 where institutional money loaded up.
It also needs 154.46% to recover the recent high at $2.85.
So there are a lot of things that align at current entry levels.
My expectation is that we can recover the PP level as a start with sentiment returning to the sector.
If the newsflow adds fuel to this upside climb, this may turn out to be a great long-term investment.
My plan is to surf the climb back toward new highs, which means a potential 154% move just to recover the recent high, but hey, lets start with the 2.25 PP level..
ALL EYES on their drillprogram and newsflow ahead!
#Silver