Categories: Precious Metals
Topics: Gold Stocks

Kingsmen Resources (TSX-V: KNG)(OTC: KNGRF) President & CEO Scott Emerson on Another Drill-Bit Silver-Gold Discovery Driving Momentum at Las Coloradas

 

Gerardo Del Real: This is Gerardo Del Real with Resource Stock Digest. Joining me today is the CEO and largest shareholder of Kingsmen Resources, once again announcing a new silver-gold discovery — Mr. Scott Emerson.

Scott, it feels like we’re having a similar conversation to the one we had last week, except this time it’s in a different area with wider widths and, dare I say, even better grades on some of the mineralization. Congratulations again. How are you today?

Scott Emerson: Thank you. Very well, Gerardo. And thanks for having me on as we deliver these results. I appreciate it.

Gerardo Del Real: Well, listen, let me provide some context on the numbers. This was 3.15 meters grading 241 grams per tonne silver equivalent, including a 1.15-meter intercept of 525 grams per tonne silver equivalent. There was also a gold kicker — 0.185 grams per tonne gold.

I have to say the same thing I said last week: this mineralization starts from relatively shallow depths, especially for what’s typical in the Parral Belt. It starts around 70 meters, and I think that’s an important point for the audience. I’d like you to provide context on that hole. 

And just like last week, I’m going to play devil’s advocate and ask about the other two holes. I’ve heard two reactions. One was, “They missed on the other two holes.” Another, from a geologist friend, was, “I’m really intrigued by what’s at the bottom of that hole where there may be a gold target at depth.”

So give us the context on the hole that hit, and then let’s talk about the holes some people think missed.

Scott Emerson: Okay. To put it in perspective for your listeners, I always keep this simple, Gerardo. If you drew a straight line and pretended that’s a vein or structure — it’s obviously not perfectly straight, but take it as a straight line — we mapped and traced that structure for over 780 meters.

We took the surface samples that generated big numbers — again, 200, 300, even 600 grams per tonne on surface — and we went into the middle of that 750 meters and poked a hole. That’s the discovery hole.

So if you think about the entire property package, that’s what we’ve been doing. We’ve been testing these structures, and here we have extremely good mineralization — think of it as Kingsmen drilling right smack dab in the middle.

If you read the release, you’ll see that the extension is 300 meters to the northwest. In the other direction, it’s open for another 500 meters. So in total, we’ve got over 700 meters of strike length that we’ve drilled one hole on. Obviously, this year we’ll be diligently working and plugging more holes in there.

I hope that gives you some perspective as to why we’re so excited about the program and the program to come. While I’d like to say we expected something to be there, we didn’t know — and that’s why I call it a new discovery hole. And like we said in the last interview, every hole on this project is a discovery hole because it’s never been drilled.

Gerardo Del Real: Having that kind of scale has to be exciting. And not to cut you off, Scott, but I want to emphasize this as well. Having that kind of scale that you just described, and sticking one hole or a couple of holes into it and getting the kind of mineralization that you’ve got, I have to believe you weren’t just lucky enough to hit the best grades and widths on that hole. The likelihood of that is next to nil.

Scott Emerson: Correct — the likelihood of that is no. That gives us confidence because grade and scale are what it’s about.

You think about the previous hole — it was a step-out 1.5 kilometers away from Hole 10. That’s why I try to put it into a rectangle box. I think I talked about this last time: a mile wide by two miles long. Think of it as a rectangle — everything we’ve drilled within that system has been a hit. That’s why I’m pretty ecstatic about what’s to come.

And to your point, this hit was at 70 meters deep. It’s shallow in comparison to the operating mines that surround us. We talk about that because people ask, “What’s your exit strategy?” We’re shallow, and that surprised us. 

We expected the mineralization to be deeper, even though we only drilled these holes to an average depth of about 150 meters. We don’t know what’s lurking below, but we do know that whenever we’ve hit something deeper in the system, it’s gotten better.

Gerardo Del Real: Let’s talk about the other holes — the ones that didn’t have that type of mineralization but obviously had something. And to your point about drilling shallow holes, I’m going to ask you in a second about the future exploration approach because I know you and your team are working that out as we speak. But first, explain the context on the other two holes.

Scott Emerson: Those holes were angle holes, and they did not miss. They hit gold mineralization. I can’t remember the exact numbers — maybe 0.6 or 0.7 over half a meter, 0.19 — but when you look at the cross-sections, you can see the analogy between where we’re hitting this gold intersection and where we’ve hit the higher mineralization above.

You can follow that down at an angle and ask, “What’s happening deeper?” Something in the system has pushed up the gold, and something has pushed up the silver. Our next step in drilling is to see what’s deeper — is it a gold target, a silver target, or a gold-silver target?

We don’t know. But they didn’t come back with zero. The two holes you’re talking about had mineralization. Even though it was narrow, it contains the right minerals to indicate something is going on in the system.

Gerardo Del Real: Absolutely. And I know you raised some money here — it’s gone well for the group that raised it. It’s been a double in less than a month. I’m a happy shareholder. We’ve been at it since the beginning. You’re cashed up, you have two districts, you have $4,600/oz gold and $92/oz silver.

I know the discussions are preliminary, but as a biased shareholder, I hope to see urgency — getting drills turning, discovering what’s at depth, and testing structures that have been mapped for kilometers so we can start to understand what we potentially have.

Scott Emerson: You’ve hit the nail on the head. That’s exactly what the team is doing right now — putting together what the next nine months of drilling will look like. Where do we put the first drill hole? How do we sequence it?

We’re moving as fast as we can, but we’re also being diligent. We won’t just start poking holes everywhere — we’ll have a plan and a strategy. And that drilling will start soon and continue throughout the year, so shareholders should see continuous news.

Gerardo Del Real: I can’t wait. I should also note that there are assays pending, and I’m looking forward to those. I’m also looking forward to hearing the plan for both Las Coloradas and Almoloya. 

Almoloya has extensive historic work — not a cheat sheet, but close — so you already have an idea of widths and grades from prior drilling.

Two districts, silver and gold, $4,700 gold, $92 silver — it should be a transformative 2026. I’m looking forward to having you back for the next assays and an exploration update.

Scott Emerson: And I thank you, your listeners, and our shareholders for supporting us through this journey. A strong shareholder base is critical, and with your help we’ve built that. It’s going to be an exciting 2026.

Gerardo Del Real: I’d be remiss not to give a shout-out to Jeff Phillips — a mutual friend, a shareholder, and someone who’s been instrumental in emphasizing the importance of share structure. 

We’ve seen Kingsmen go from C$0.11 to C$2.75 in just months. A lot of that comes down to structure. So congrats to him, to you, and to everyone who’s been patient.

Scott Emerson: Absolutely. We have 29 million shares outstanding, and cost of capital is everything. We’ve maintained a strong shareholder base with very little dilution — and if the drill bit delivers, we’ve got a lot of room.

Gerardo Del Real: I couldn’t agree more. Scott, thank you.

Scott Emerson: Thanks, Gerardo.

Gerardo Del Real: Chat soon. Cheers.

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