Mining resumes at Kingsrose

Mining has recommenced at Kingsrose Mining’s Talang Santo project in Indonesia. Although production rates will initially be low – just 1,000 ounces are expected in the December quarter – they will rise swiftly. By June next year the company should be producing 20,000 ounces of gold and by mid-2014, 40,000 ounces. Normality is returning to the wounded miner. As exploration resumes, fresh drilling has revealed better than expected grades. One hole sunk into Talang Santo recorded 125 grams per tonne of gold, compared to a grade of 8gpt entering the mill. Not only does this suggest resource expansion, but...

Mining has recommenced at Kingsrose Mining’s Talang Santo project in Indonesia. Although production rates will initially be low – just 1,000 ounces are expected in the December quarter – they will rise swiftly. By June next year the company should be producing 20,000 ounces of gold and by mid-2014, 40,000 ounces. Normality is returning to the wounded miner.

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