Exploring Mining Podcast
Dec 8, 2025

Kingsmen Resources Hits High-Grade Silver & Fully Funded for 2026 Drilling as Silver Prices Surge

Summary

0:00 Intro New Episode of Exploring Mining Podcast with host Cali Van Zant. In this episode we follow up with with Scott Emerson, …

Transcript

We're awaiting on uh 10 more holes because I'm going to follow that hole up with a hole that we just recently announced. And that was uh 160 m away from the hole that I just mentioned. No drilling ever taken place out there. And that hole returned uh not only silver, but it returned gold. And that was 1.28 g of gold over 1.6 6 m which included 521 g of silver. So these aren't silver equivalent numbers. These are the these are the real deal. So very high grade 160 m away. To put it really simply, we had what's called the Solidad structure which was 1.7 km long. We had a Solidad 2 structure which we traced for 1.4 km. Now we've got potentially a third structure that we've identified that is containing gold. >> We last spoke we had briefly mentioned Amaloya and now that's complete the acquisition. Can you just recap that project again for new following or investors that maybe don't remember the last podcast? >> It has two past producing minds on it. So the same theory that we had at Lost Colorus or that we have at Lost Colorus we have here. There's what's called the Cigarella mine and the Julietas mine. And the difference being that in this area there was a lot of major operators in the past. So a Sarco was there, K was there, Hemllo was there, uh, Tech was there, but they all own small fractions of this consolidated land package that I've put together. So again, we've acquired all that old previous data. I always say the cheapest exploration you can do is when you can acquire other data. This project is predominantly a gold project. It's a gold/s whereas Lost Colorus is is a silver. Now us being active not on one project but on two projects. We have the capital raised for that where we've got 30 million shares outstanding. We've got a 11,000 meter drill program to happen in 2026. We've got a market cap of, you know, just shy of $50 million. So, I think we're still inexpensive. >> For disclosure purposes, our site does not make recommendations for purchases or sale of stocks, services, or products. Nothing on our site or this podcast should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This podcast is for entertainment purposes only. For disclosure purposes, Kingsman Resources is a featured client on the investor ideas website. Scott, it's great to have you back on the show. We have a lot to catch up on. Uh since our last podcast, you've come up with some great exciting results from Lost Color. Let's start off with the September results with your high-grade uh silver discovery. I I guess Cali before we even start there, I was just going to go back to when we first talked and I think that was just when we had completed our drill program. You know, for your listeners or viewers, I I guess it's important to note that uh we talked just at the end of a 30,000 m drill program as you mentioned here to to start off. We had our first drill hole announcement and that was uh 455 g of silver over essentially a meter and a half. And to us that was significant in the sense that if your listeners remember our whole theory was we had acquired an old pass producing mine which was called Lost Colorus. It was 300 m in length, 150 m of depth. And our theory was, you know, yes, they left in 1952, but this should extend along strike and it should go below the water table. And this first hole confirms that. Um, so we're pretty excited. We um we're seeing the same widths, in fact, greater widths than what they previously mined in the past. That was the SRO that operated it. And in total, um, we have 64 g of silver over 13 1.5 m. So for us, uh, a hell of a way to start off, uh, you know, announcing drill results. So it does confirm that it does extend the long strike and it was below the old workings. We're awaiting on uh, 10 more holes because I'm going to follow that hole up with a hole that we just recently announced. And that was uh 160 m away from the hole that I just mentioned. So again, put that into perspective. It was a hole that was drilled on two uh structures that we saw that that crossed. We had a geohysical target there and uh we rolled the dice cuz no drilling had ever taken place out there. And that hole returned uh not only silver, but it returned gold. And that was 1.28 g of gold over 1.6 m, which included 521 g of silver. So these aren't silver equivalent numbers. These are the these are the real deal. So very high grade, 160 m away from where we had announced the first drill hole. And I think for your viewers to put it really simply, we had what's called the Solid Aad structure which was 1.7 kilometers long. We had a Solid Aad 2 structure which we traced for 1.4 km. Now we've got potentially a third structure that we've identified that is containing gold. >> Uh I think on our podcast before you always used to say that the drill bit tells a story and it's telling a very good story for you so far. Um for the other drill holes that are going to be coming out in the future, can you talk to us a little bit? I know um from your press release you said about only 5% has been explored on your project. So how big are the stepouts on the other holes that are you're planning on coming out. >> So what you're going to see is you're going to see continued stepouts along strike uh from where we drilled. There's 10 more to come. Uh so fingers crossed that we're going to see the same type of results that we've been seeing uh in in the last two holes. >> I'd love to also talk about um since we last spoke we had briefly mentioned Amaloya and now that's complete the acquisition. Can you just recap that project again for new following or investors that maybe don't remember the last podcast of the potential of that as well? Yeah. So that was that was our second project that we had identified. That was uh almost three years ago now. So it's taken that long to to acquire that project. Again, it is 38 km from the city of Pel or 30 km from the city of Pel. It has two pass producing mines on it. So the same theory that we had at Lost Colorus or that we have at Lost Colorus, we have here. There's what's called the Cigarella mine and the Julieta's mine. The theory there is is is the same as Los Colorado and the difference being that in this area there was a lot of major operators in the past. So Sarco was there, K was there, Hemllo was there, uh Tech was there, but they all own small fractions of this consolidated land package that I've put together. So again, we've acquired all that old previous data that was uh that was done. You're going to say, well, why did those guys leave? Uh one, we could talk about the price of silver cuz it was 1980, but two, we could also say that when I spoke to them, the majority of them left because they couldn't get size. They were unable to acquire the next claim to it or, you know, they never had the size that we have now. So that gives you some indication as to I always say the cheapest exploration you can do is when you can acquire other data or get other data from from the operator. So we did that. This project is predominantly a gold project. It's a gold/s whereas Lost Colorado is is is a silver. um that was attractive to us because and I talk about our exit strategy and I think we you and I have talked about it. There's there's a company that processes the old tailings from the La Priita mine which is a mine an old historic mine that was that Bal the city was built around and they have trucks going back and forth taking those old tailings to their processing facility and they are processing silver, gold, lead and zinc. So again in terms of our exit strategy we're looking here to we're good explorers. We want to explore something. We want to find something of size and then we want to, you know, obviously divest a bit. Um, and we think we've got two projects that meet that criteria. We've got a lot to cover and my mind's going, okay, what have we talked about? What what we haven't talked about? Um, so yes, that's the Amaloya acquisition. We finished that about 3 weeks ago. We've uh got crews uh in the field sampling right now, surface sampling. So, we're kind of replicating what we did at Lost Colorus to get us to the drill targets. And I guess we're a little bit ahead of where we were at Lost Colorus with Amaloya in the sense that on one of the claim blocks, Hemllo, so your listeners will probably know that name from the past, they had drilled seven RC holes uh on the project. We have those results. I have I have published them in a press release. Um we don't obviously have the core. Um but that's given us a pretty good indication because they drilled only 50 m holes. So very shallow holes. They were testing the structure. Their numbers were pretty significant uh for Mexico and uh we hope to follow up on those. >> Do you want to talk a little bit more about Los Colorado? Obviously, you have a few of your results out um for everyone to see, and they're fantastic, but your whole premise was drilling under the water table. Are you waiting for the rest of those to come back before you think of what your plan is to execute for next year's drilling or do you feel like you have a sense already of kind of where you want to go with that? >> You're fast forwarding very quick here, Cali. Um, so I I I think on that note, I think for your listeners, which is also important, is that during this time since we last spoke, we also did a capital raise. We uh raised just a little over $4 million in the company at $135 a share with a half warrant at $1.90. So we are fully financed for our next year's drill programs. So we anticipate yes we we have an idea of what we want to do at Lost Colorus because we've got some geohysical targets that we have not uh drilled in this previous round. Um and then obviously to follow up on hopefully more than just these two holes but other holes that we expect to to get assays from. So I guess the back of the envelope is we're anticipating between an 8 and 10,000 meter drill program at Lost Color. And then at Amaloya, we're anticipating a 3,000 meter drill program. So following the same footprint that we did at Lost Color, you know, we've got to sink some test holes. We got to see what the geology is like. We got to understand the geology. And that's what we've done at at Lost Colorus. Speaking of your 4 million raise, which was fantastic, uh overs subscribed and closed quite quickly. Um do you want to talk about where your share structure is now? >> We only have 29 million shares outstanding. >> So we have 29 million shares outstanding. We have uh approximately uh 5.1 million in cash. >> Um again, we've got some pretty strategic shareholders. some of them you've spoken to and we've uh we've introduced a couple more that have uh come on board with us. So fully diluted uh Kelly we're sitting at about uh 32 million shares fully diluted that's including all stock options and warrants that are out on the company. >> That is amazing to start 2026 off with. Uh, I'd love to just talk a little bit about the macros because I think it's really important. The the big news in Mexico is that Silver Tiger got their open permit, which obviously bodess well for um you moving forward. >> I think uh that it's been a long time coming. Uh, as you mentioned, Silver Tagger is the first company in 20 years um that has received an open pit mining permit. So that's extremely positive because the narrative around Mexico is changing. I mean, it never really scared us because our projects are underground projects. Um, but still that narrative around, oh, they haven't granted any new permits. You know, Mexico, you still got to be very careful. But that's changed dramatically here over the last 6 weeks. um with Silver Tiger receiving their permit, I think you're going to ba based on, you know, our conversations and whatnot in Mexico, I think you're going to see gradually more permits being issued for some of those companies that are awaiting uh development permits. Um so very positive and I think that's reflective in the market as well. >> Well, I think it's the right time and the right place to be in Mexico with silver. I mean, I think we just touched 59 yesterday which is which is wild. >> It uh yeah the commodity sector is definitely uh the outlook is is changing every day. >> Um obviously as a CEO of a junior silver exploration story what you're seeing as far as investor following has that changed a lot or more excitement as silver prices are climbing? >> I think I think the silver prices or the commodity prices in general are are attributing to to more interest. I think that uh investors themselves are looking for opportunities and I mean there's three sectors of opportunities in my opinion and one is exploration. That's what we are. I don't shy away from that. I don't want to build a mine. Um I just want to find something large enough that somebody else wants. Then you've got the mid-tier people who are actually building mines. The Silver Tag is a prime example. Um they just I think $28 million raise. They're sitting with like $60 million in cash and they're ready to begin construction here in 2026. I think you know the investor sentiment is is changing to be more positive and and understanding at least in our case you need discovery models. You need little companies like us that are going out and plugging holes in the ground for potentially, you know, rewarding our shareholder base. You know, something bigger picture. I'm going to tell you, I was just in uh in Switzerland at the Swiss Mining Institute conference and uh I have never been that busy over the course of two days. I think it was meetings every half hour beginning at 8:00 a.m. and closing at 6:00 p.m. Um, so lots of interest and I hope that continues and I expect it will continue. >> Silver is also now considered a critical mineral in the US which is another huge move for silver. Um, do you want to just reiterate the your strategy and like exit strategy for investors that are kind of new to the story because obviously this is just the right setup in the right time with the supply demand shortages of silver that were possibly coming into 2026 for silver prices and obviously um, Mexico is a perfect place as far as as these permits are changing that there will be acquisitions. For the people that that listen and watch, like I said, we acquired two pass producing districts and I consolidated those land claims to get size. And by doing that, I then looked at, okay, who's who's in the state of Chihuahua? That's the state that we're in. Who's in the area of Paral? And we've got big names like Gatos, which is First Majestic Silver, which is Keith Newmire. That's that's 90 uh that's 90 miles from us. And then you've got a company like Gold that has their facility where they're processing the old tailings from La Perita mine that is 32 km from us. So when I look at my neighbors and potential people that would potentially, you know, make an acquisition or be interested, that was that's our logic. It's like, okay, let's find something. Um, at some point, Gold is going to run out of tailings. They've built this facility. It's permitted. Um, they're going to need to feed that. Well, how are they going to feed it? They got to find product. Um, and we're doing that exploration to hopefully find that product that they'll be able to produce in the future. Um, that's what our strategy is. That's our exit strategy. Um, and that has always been strategy from day one. Like I said, we consider ourselves good explorers and and that's what we pride ourselves on. Even if we found something that was big enough and could put in production, we'll we'll we'll hand it off to somebody who's an expert at that. >> Well, Scott, I think the story and uh your results speak for themselves. Do you want to have any closing remarks for investors? Is there any conferences that they can find you at next or um what they can look forward to? >> Can look forward to continued results. I think as an investor you can look forward to now us being active not on one project but on two projects. We have the capital raised for that. You know I'm just going to say just take a round number. We've got 30 million shares outstanding. We've got a 11,000 meter drill program to happen in 2026. We've got a market cap of, you know, just shy of $50 million. So, I think we're still inexpensive. [Music]