Kingsmen Resources Ltd. reported it has acquired ground magnetic coverage of the 100% controlled Las Coloradas project, located 30km from Hildago de Parral, Chihuahua, Mexico. Portions of the Soledad structure were mined by ASARCO (American Smelting and Refining Company), the U.S. based subsidiary of Grupo Mexico in the period 1934 to 1952. Kingsmen Resources, with the assistance of the vendors of the Las Coloradas claims, acquired ground magnetic data covering the entire Las Coloradas project area.

The magnetic data (2017 (219.2 line-km) and 2018 (100.6 line-km) was acquired by two different companies neither of which controlled the entire Las Coloradas project areas. The 100% controlled Las Coloradas Project (8.5 km2 -3.3 sq miles) represents a consolidation of a historic mining district which covers numerous silver-gold-lead-zinc-copper mines previously exploited by ASARCO (AmericanSmelting and Refining Company). Las Coloradas is in the Parral mining district of the Central Mexican Silver Belt, and is located approximately 30 kilometers southeast of the city of Hildago de Parral and 40 kilometers east of the San Francisco de Oro and Santa Barbera mining districts where several old major mines are located, such as La Prieta, Veta Colorada, Palmilla, Esmeralda, San Francisco del Oro and Santa Barbara.

As well, new major mining projects are currently being explored in the district; Cordero (Discovery Silver Corp.), 35 kms north of Parral, and La Cigarra (Kootenay Silver Inc.), 35 kms northwest of Parral.