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Kingsrose Mining Ltd.
Summary
| Project: | Way Linggo | |
|---|---|---|
| Deposit: | Talang Santo | |
| Location: | Indonesia | |
| Commodities: | Gold-Silver | |
| Date: | 11/11/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 11-11-2019: Kingsrose Mining Ltd. announces an Exploration/Drilling Update report for its Talang Santo deposit at the Way Linggo project. Drilling results incl. 3.40m @ 15.05g/t Au, 35.0g/t Ag from 218.00m. Kingsrose Mining Limited (ASX: KRM) (“Kingsrose” | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Michael Andrews (Internal) | |
| ABSTRACT: | Kingsrose Mining Limited (ASX: KRM) (“Kingsrose” or the “Company”) is pleased to advise that the initial assays from its Talang Santo deep drilling programme have confirmed the continuity of high-grade gold mineralisation below the old underground workings at its Talang Santo open pit mine at the Way Linggo Project in Lampung Province, South Sumatra. The Company’s previous drilling campaign in 2012 and 2013 highlighted the potential for continuation of high-grade gold mineralisation below the underground mine at Talang Santo. Kingsrose has now completed 10 holes of a 20-hole in-fill programme designed to test grade continuity between the previous intersections, both beneath and along strike from previous workings. This in-fill drilling is aimed at providing more confidence in the existing Mineral Resource Estimate below the previous underground workings. This estimate will then be used to inform the evaluation of potential for further underground development at Talang Santo. Interim results from these drill holes has confirmed that high-grade mineralisation is continuous and extends for at least 100m beyond the existing mine development both along strike to the west and at depth. Results for drill holes in this programme obtained to date are shown in Figure 1 and presented in Table 1. | |
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