Announcement Date: 2022-03-14
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Kingsrose Mining Ltd.
Project name: Penikat
Location: Norway
Commodities: Gold,Palladium,Platinum,Copper,Nickel
Highlight: Drilling results incl. 2.6m @ 0.9g/t Au, 6.5g/t Pt, 5.8g/t Pd, 0.3% Cu, 0.3% Ni from 33.5m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Kingsrose Mining Limited (ASX: KRM) (“Kingsrose” or the “Company”) is pleased to announce the results of resampling from 19 historical drill holes. The resampling has verified historical drill intercepts and improved understanding of the controls on, and styles of, mineralisation at Penikat (Figure 1 and Tables 1 and 2). Our understanding of mineralisation in the SJ Reef has improved and has led to the identification of PGE mineralisation in historically unsampled drill core. The result is holes with wider than historically reported mineralisation, and three holes that were previously thought to be unmineralized which have now been confirmed to contain significant mineralisation. We have the benefit of historical assay data from 95 drill holes and detailed surface sampling distributed along approximately 10 kilometres of the 25-kilometre mapped strike length of mineralised reefs on our ground. The combination of this data, and consistent
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