Kingrose expands Talang Santo

THE DRILL SERGENT: Recent drilling conducted by Kingsrose Mining at the Talang Santo prospect, part of the company’s Way Linggo project in Indonesia, has expanded the dimensions of the deposit.

Kingrose said the latest three holes drilled at the deposit have 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 600 metres with excellent results at both extremities confirming the structure is still open, particularly on the Mawi Vein,” Kingrose Mining said in its ASX announcement.

Kingrose has now drilled Talang Santo to approximately 350m vertical depth.

The deepest hole it has drilled returned a solid quartz vein and further evidence the silver to gold ratio is increasing the deeper the company drills.

Details of the drilling include:

–    1.80 metres at 16.29 grams per tonne gold and 12.8 grams per tonne silver from 321.5 metres down hole or approximately 250 metres vertical depth, including 0.80 metres at 36.23 grams per tonne gold and 28.0 grams per tonne silver.

“This hole shows the ore system opening at depth to and along strike to the west,” Kingrose said.

–    3.19m at 7.07g/t gold and 18.1 g/t silver from 352.2m down hole or approximately 300m vertical depth.

“This is the most easterly hole drilled on the Mawi vein so far and this hole has increased the continuity of the vein to over 600m with both extremity intercepts being of excellent grade,” Kingrose said.

–    5.35m at 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 at 46.55 g/t gold and 273.5 g/t silver from 460.85m.

“This is the deepest hole drilled so far into the vein system and reveals a well-developed quartz vein with higher silver to gold ratio and is beginning to show epithermal textures that lead our geologists to believe that the system is getting better with depth,” Kingrose explained.

The company said the latest holes sit outside the maiden mineral resource estimate it announced in December 2011 when it reported an inferred resource estimate containing 879,000 tonnes at 5.89g/t gold and 14.63 g/t silver.

Kingsrose also advised that trial mine development on the Mawi vein is progressing on schedule.

The company said it remains on track for first production late in the June 2012 quarter.