RI govt accepts development plan of Way Linggo project, says Kingsrose
Friday, April 19 2013 - 07:27 AM WIB
ASX-listed Kingsrose Mining Limited said that Indonesian government has accepted mine development plan of Way Linggo Project.
The company said in quarterly report on Friday that formal notification of acceptance of the plan would be forthcoming.
It said that the mine development work was still progressing with 473 tons of low grade material at a grade of 1.5 g/t gold and 30 g/t silver hauled to surface and stockpiled at Talan g Santo.
Kingsrose previously said that the wash-out of gold/silver bearing acrylic altered clays during the drilling and core preparation process make estimation of grade challenging with the processing of development ore ultimately providing the most accurate grade estimation.
Editing by Adianto P. Simamora