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Perth, Oct 5, 2011 (ABN Newswire) - Kingsrose Mining Limited (
ASX:KRM) is pleased to advise that recent drilling has returned further high grade gold and silver assays from its Talang Santo Prospect approximately 7 km north of its operating Way Linggo Gold Mine.
Kingsrose has previously reported high-grade gold and silver intercepts from the first phase of drilling at Talang Santo. The latest drilling results indicate that grade is increasing at depth and reveals epithermal rock textures which indicate that potential bonanza grades from within the postulated boiling zone of the epithermal system may still be deeper.
The best of the results from the latest round of drilling include:
DDH208 - 15015N, 19086E, -60/240
- 10.65m @ 8.27 g/t Gold and 11.3 g/t Silver from 214.5m
(including 1.25m @ 30.6 g/t Gold, 40 g/t Silver from 215.75m)
DDH226 - 15032N, 19102E, -57/240
- 4.65m @ 16.31 g/t Gold and 47.4 g/t Silver from 305.6m
(including 1.75m @37.9 g/t Gold and 117 g/t Silver from 308.5m)
DDH233 - 15067N, 19051E, -70/240
- 4.95m @ 17.56 g/t Gold and 33.6 g/t Silver from 271.2m
(including 0.95m @ 51.81 g/t Gold and 93.16 g/t Silver from 275.2m)
Managing Director Mr. Start said: "We are very encouraged by these results which are consistent with previous high grade gold intercepts encountered at the prospect area. These results continue to confirm the increasing potential for the Talang Santo Prospect to become a second mine production area within our tenement and extend the mine life of the operation."
The Company is continuing its current aggressive drilling program with 6 operational diamond rigs on the Talang Santo prospect and 12 in total at the site.
The Company has also commenced an exploration adit at Talang Santo to access the mineralised zones to obtain bulk samples for grade reconciliation against drill hole data and metallurgical test work.
A more detailed exploration report will be included in the September quarterly report to be released later this month.
ASX:KRM) is pleased to advise that recent drilling has returned further high grade gold and silver assays from its Talang Santo Prospect approximately 7 km north of its operating Way Linggo Gold Mine.Kingsrose has previously reported high-grade gold and silver intercepts from the first phase of drilling at Talang Santo. The latest drilling results indicate that grade is increasing at depth and reveals epithermal rock textures which indicate that potential bonanza grades from within the postulated boiling zone of the epithermal system may still be deeper.
The best of the results from the latest round of drilling include:
DDH208 - 15015N, 19086E, -60/240
- 10.65m @ 8.27 g/t Gold and 11.3 g/t Silver from 214.5m
(including 1.25m @ 30.6 g/t Gold, 40 g/t Silver from 215.75m)
DDH226 - 15032N, 19102E, -57/240
- 4.65m @ 16.31 g/t Gold and 47.4 g/t Silver from 305.6m
(including 1.75m @37.9 g/t Gold and 117 g/t Silver from 308.5m)
DDH233 - 15067N, 19051E, -70/240
- 4.95m @ 17.56 g/t Gold and 33.6 g/t Silver from 271.2m
(including 0.95m @ 51.81 g/t Gold and 93.16 g/t Silver from 275.2m)
Managing Director Mr. Start said: "We are very encouraged by these results which are consistent with previous high grade gold intercepts encountered at the prospect area. These results continue to confirm the increasing potential for the Talang Santo Prospect to become a second mine production area within our tenement and extend the mine life of the operation."
The Company is continuing its current aggressive drilling program with 6 operational diamond rigs on the Talang Santo prospect and 12 in total at the site.
The Company has also commenced an exploration adit at Talang Santo to access the mineralised zones to obtain bulk samples for grade reconciliation against drill hole data and metallurgical test work.
A more detailed exploration report will be included in the September quarterly report to be released later this month.
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About Kingsrose Mining Limited
Kingsrose Mining Limited (ASX:KRM) is a specialist high grade, narrow vein underground gold miner. The company operates a gold mine in Indonesia and is evaluating a tailings deposit in Italy. The company listed on the Australian Stock Exchange in December 2007.
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