Kingsrose reports expansion of deposit
Wednesday, February 22 2012 - 02:07 AM WIB
Australian mining firm Kingsrose Mining Limited said recent drilling at its Talang Santo Prospect continued to expand the dimensions of the deposit.
The company said in Jakarta on Tuesday that the latest three holes had all returned high-grade gold and silver intercepts at the extremities of the ore system.
This has extended the strike of the vein to over 600m with excellent results at both extremities confirming the structure is still open, particularly on the Mawi Vein.
Talang Santo has now been drilled to approximately 350m vertical depth with the deepest hole, DDH 283, returning a solid quartz vein and further evidence that the silver to gold ratio is increasing with depth.
The hole DDH 277 has returned 1.80m @ 16.29 g/t gold and 12.8 g/t silver from 321.5m down hole or approximately 250m vertical depth (including 0.80m @ 36.23 g/t gold and 28.0 g/t silver). This hole shows the ore system opening at depth to and along strike to the west.
The hole DDH 280 has returned 3.19m @ 7.07g/t gold and 18.1 g/t silver from 352.2m down hole or approximately 300m vertical depth.
The hole DDH 283 has returned 5.35m @ 5.33 g/t gold and 31.1 g/t silver from 456.85 m or approximately 350m vertical depth (including a sub-interval of 0.35m @ 46.55 g/t gold and 273.5 g/t silver from 460.85m).
The above holes are outside the maiden mineral resource estimate that was announced by the Company on December 7, 2011 when an inferred resource estimate was reported containing 879,000 tonnes at 5.89g/t gold and 14.63 g/t silver.
Editing by Benget Besalicto Tnb.