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Kingsrose Mining Ltd.

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Summary

Project:

Way Linggo

Deposit:Way Linggo
Location:Indonesia
Commodities:Gold-Silver
Date:10/30/2018
Report Code:JORC
Report Type:Exploration/Drilling Update
Project Stage:Active Mining & Production
Report details:30-10-2018: Kingsrose Mining Ltd. announces an Exploration/Drilling Update report for its Way Linggo deposit at the Way Linggo project. Drilling results incl. 3.8m @ 8.55g/t Au, 7.9g/t Ag from 43m. Kingsrose Mining Limited (ASX: KRM) is pleased to announc
Resources:(not mentioned in this report)
CP/QP:[Overall Report]: Roderick McIllree (Internal)
ABSTRACT:Kingsrose Mining Limited (ASX: KRM) is pleased to announce that drilling has intersected high-grade mineralisation immediately west of the planned Talang Santo open pit at its Way Linggo Project in Indonesia. The results, which show the mineralisation is close to the surface, include The Talang Santo open pit will be Kingsrose’s second significant production source at Way Linggo. The Way Linggo pit cutback is currently underway and production from the Talang Santo pit will complement the current production at the Way Linggo pit, with the combined operations expected to generate significant free cashflow for the Company. This drilling program was designed to sterilise an area outside of the current pit design to the west, for waste placement. Pleasingly, the identification of this high grade mineralisation is now expected to extend the current mine design more than 100m to the west. Final placement of the waste material will be further west where the mineralisation appears to finish. (see Figure 1).

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