Kingsmen Resources Ltd. provided progress update on the 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 1944 to 1952. Kingsmen has relocated the extent of the old ASARCO workings (1943 to 1952) on the 1.7 km long Solidad vein system.

The workings are located on the southern end of the Solidad vein system. The workings extend in excess of 250 meters along strike and to a vertical depth of approximately 125 meters on four levels. The workings did not extend below the water table.

All production was shipped to ASARCO's mining facilities at Parral where ASARCO was operating the La Prieta, Veta Colorada, Palmilla and Santa Bárbara mines. Average mining diluted grades are reported to have been in the order of 0.6 to 0.8 g/t gold, 300 to 518 g/t silver, 6.2 to 10.9 % lead and 6.5 to 10.3 % zinc, from four different veins, called La Soledad, Santo Niño, Eva and Rosario. Kingsmen's sampling of residual mineralization in the old workings (where accessible) confirmed the presence of high-grade silver which likely continues at depth below the water table.

In addition, significant silver mineralization exists along the 1.7 km Soledad vein system, and along the approximately 1.0 km Soledad II vein system as indicated by Kingsmen's sampling.