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  • Kingsrose Mining (KRM) has intersected up to 39.7g/t gold and 237.3g/t silver from the Talang Santo deposit in Indonesia
  • Drilling was recently undertaken beneath the mineral resources with results identifying a zone of consistent high-grade gold mineralisation
  • A second hole did not intersect any significant mineralisation and Kingsrose believes it drilled adjacent to the high-grade gold zone
  • Drilling is continuing to test the down-plunge extensions of these high-grade results
  • Kingsrose is up 3.06 per cent on the market with shares trading at 5.1 cents

Kingsrose Mining (KRM) has intersected up to 39.7g/t gold and 237.3g/t silver from the Talang Santo deposit in Indonesia.

Drilling was recently undertaken beneath the mineral resources with results identifying a zone of consistent high-grade gold mineralisation.

This zone dips steeply to the northeast and remains open at depth.

Assays have been returned for two of the holes with the best result grading 4.75 metres at 14.2g/t gold and 81.5g/t silver from 418.85 metres, including 1.2 metres at 39.7g/t gold and 237.3g/t silver returned from one hole.

The second hole did not intercept any significant mineralisation and Kingsrose believes it was drilled adjacent to the high-grade gold zone.

“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,” CEO Fabian Baker said.

“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,” he added.

Drilling is continuing to test the down-plunge extensions of these high-grade results.

Kingsrose is up 3.06 per cent on the market with shares trading at 5.1 cents at 1:05 pm AEDT.

KRM by the numbers
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