Mexican Silver Explorer Gains 11% as Depth Hole Hits 641 g/t AgEq

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, July 22, 2026

Single high-grade silver intercepts grab headlines, but depth continuity is what builds real resource tonnage. As spot silver surged to US$60.25/oz (+2.5%), one Mexican-focused explorer rewarded shareholders by proving its epithermal silver system extends significantly deeper than previously mapped.

Kingsmen Resources Ltd. (TSX-Venture: KNG) (OTCQB: KNGRF) rose Wednesday after reporting first assays from hole LC-26-013 at its 100%-owned Las Coloradas silver project in the Parral mining district of Chihuahua, Mexico.

LC-26-013 is the deepest hole drilled to date on the Soledad system and cut 5.20m at 257 g/t AgEq (114 g/t Ag) from 236.55m, including 1.40m at 641 g/t AgEq (425 g/t Ag) from 236.55m. The company frames that 1.40m interval as among its highest-grade silver intercepts to date. The hole sits about 54m down-dip of previously reported LC-25-010 and, together with LC-25-005, builds a three-hole fence that has now intersected silver-gold mineralization over a minimum of 135m of vertical depth. Mineralization remains open at depth and along strike.

Of note, earlier released intercepts were highlighted by hole LC-25-010 (Sept. 24, 2025), which returned 1.45m at 1,028 g/t AgEq (455 g/t Ag), including 0.70m at 1,742 g/t AgEq (770 g/t Ag), inside a broader 13.35m zone averaging 138 g/t AgEq. LC-25-005 (Jan. 19, 2026) cut 15.7m at 74 g/t AgEq, including narrower high-grade shoots up to 1,379 g/t AgEq over 0.6m. Importantly, LC-26-013 also cut a wide continuous alteration package from 130.0m to 246.9m, with a stockwork of massive sulphide veins in the high-grade window, and management has flagged a new structural flexure target along strike to the southeast and northwest.

Next catalysts are assays from the balance of more than 1,000 samples already submitted from 19 holes completed to date, as Kingsmen continues to test depth and strike extensions at Soledad.

Shares of KNG / KNGRF are up 10.8% and 13.7% to C$1.12 and US$0.80, respectively.

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