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Kingsrose Mining Ltd.
Summary
| Project: | Way Linggo | |
|---|---|---|
| Deposit: | Talang Santo | |
| Location: | Indonesia | |
| Commodities: | Gold-Silver | |
| Date: | 6/22/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Active Mining & Production | |
| Report details: | 22-6-2018: Kingsrose Mining Ltd. announces an Exploration/Drilling Update report for its Talang Santo deposit at the Way Linggo project. Drilling results incl. 5.95m @ 15.2g/t Au, 68g/t Ag from 27.2m. Kingsrose Mining Limited (ASX: KRM) (Kingsrose or the | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Roderick McIllree (Not stated) | |
| ABSTRACT: | Kingsrose Mining Limited (ASX: KRM) (Kingsrose or the Company) is pleased to advise that resource definition and sterilisation drilling has commenced at Talang Santo in preparation for the start of open pit mining. This drilling campaign is an important part of the pre-start activities at Talang Santo following the receipt of the key Teckno-Ekonomi (Technical and Economic Assessment) approval on 11 June 2018 (Refer ASX Announcement dated 12 June 2018). The Talang Santo open pit will be the Company’s second significant production source on its highly prospective Way Linggo Project in South Sumatra, Indonesia. Recent drilling undertaken to test the upper limit of the ore body identified several areas of high grade mineralisation close to surface in the north western boundary of the current pit design. Significant results included This follow up drilling program has been designed to test the potential resource extension along strike and to give certainty over whether the area can be used as a waste dump for the Talang Santo open pit. It is anticipated that nine holes for 685 meters will be drilled west to test the vein system along the strike from the Talang Santo proposed open pit. It is expected that this drilling campaign will take approximately six weeks to complete. The results will assist with mine planning and form a component of an updated Mineral Resource Estimate for the Talang Santo Mine. | |
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