Highlights
• DDH-592 returnedthe high-grade interval (downhole) of 4.75 metres at 14.2 g/t gold and 81.5 g/t silver from 418.85metres from the Mawi Vein and beneath the current reported Mineral Resources for Talang Santoo including 1.2 metres at 39.7 g/t gold and 237.3 g/t silver demonstrating the occurrence of very highgrade mineralising events
• DDH-592 expands the plunging, high-grade gold zone identified in recent drilling, being situated 100 metresvertically above DDH-590 which returned 4.2 metres at 11.98 g/t gold (refer to Company’s ASXAnnouncement dated 21 January 2021)
• DDH-591 did not return significant mineralisation and is interpreted to have been drilled adjacent to theplunging high-grade gold zone
• Kingsrose has immediately recommenced drilling targeting the down plunge extension of recent highgrade results Fabian Baker, CEO of Kingsrose, commented: “Most significant low-sulphidation epithermal gold deposits globally include bonanza grade gold shoots similar to the mineralisation identified within the Way Linggo Project. The grades intercepted in recent drilling at Talang Santo are comparable to early production at the now suspended Way Linggo mine, which in 2010 placed Kingsrose among the lowest cost gold producers listed on the ASX. We are sufficiently encouraged to recommence drilling for growth of this zone and have commissioned two drill holes targeting extensions of mineralisation up to a further 125 metres down dip.”
Okay the lower hole which I hoped would be good was not, and the Chairman told me before this that it was an experiment, one I would have done too, is there something down there ? The one that was good is by far the richest in that area at 14.2 grams, hence big stock jump. Most quotes are behind but it was .055 by .056 a few mins ago on live quote Chi-X exch and traded at .056, plus 16%.Things are headed for a reopen of mine it would seem, they have started new drilling now to put in 2 more holes. https://hotcopper.com.au/threads/ann-krm-drills-4-75m-at-14-2-g-t-au-and-81-5-g-t-ag.5938816/
Ah now IB catching up showing ASX .054 x .055
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