Consistent high gold and silver grades returned from face sampling at Kingsrose Mining’s Talang Santo project in South Sumatra have confirmed the continuity of a second high grade mineralized zone.

Diamond drilling in December 2013 defined a Splay vein in close proximity to the current 3 Level development at Talang Santo. An exploration drive was subsequently developed to evaluate the hydrological, geotechnical and geological aspects within the Hanging Wall of the ore body.

High grade assays from the Splay Vein include 1.6 metres @ 200.47 grams/tonne gold and 614.42 grams/tonne silver, 1.9 metres @ 158.12 grams/tonne gold and 626.20 grams/tonne silver, 2.1 metres @ 48.40 grams/tonne gold and 183.68 grams/tonne silver, and 2.5 metres @ 114.97 grams/tonne gold and 338.33 grams/tonne silver.

The Splay Vein is distinct from the Hanging Wall and Mawi veins which have been the focus of limited development to date, with the major point of difference supporting this being the silver to gold ratio seen in the Splay Vein that currently averages 4:1 versus the 1.5:1 ratio seen in the developed veins to date. Importantly the structure remains open and has not been closed off.

The Splay Vein was previously drilled between the current 3 Level and the proposed 4 Level, with one hole intersecting 1.2 metres @ 43 grams/tonne gold and 80.5 grams/tonne silver. Once final permits are granted, it is the intention to further evaluate the structure to determine its horizontal and vertical extents.

It is considered that the potential exists for more than one of these structures to repeat along strike and drilling will be undertaken once underground platforms can be established to evaluate this.

Kingsrose’s managing director Scott Huffadine says, “These results continue to support our view that Talang Santo is a significantly larger system than that seen at the Way Linggo mine. The company intends to carry out the work required to define the extent of the system upon completion of permitting.”

Kingsrose and local partner PT Natarang Mining continue to actively engage and work co-operatively with the Indonesian regulatory authorities in finalizing the remaining permits for the project. The company recently received its export licence allowing for the sale of gold produced once final permits are granted.

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