Prospectus - Kingsrose Mining

Figure 2. Regional Geology
1. Introduction
The Kingsrose Mining Limited Sand
Queen Project is a joint venture with Reed
Resources Ltd over part of their Comet Vale
project.
The Reed Resources Ltd Comet Vale
Project comprises 20 separate tenements
covering an area of approximately 37 km 2
is located about 100 km north-northwest
of Kalgoorlie within the Norseman-Wiluna
Greenstone Belt, Eastern Goldfields region,
Western Australia Figure 1 (map of WA)
and Figure 2. The main gold exploration
targets currently being developed are
extensions to and strike repetitions of the
gold lode originally marked as the Sand
Queen – Gladsome Mines, along a host
structure referred to as the “Comet Vale
Shear Zone”. The initial discovery, made
in 1893, quickly led to a gold rush in the
area that was followed by the discovery of
a significant number of auriferous reefs, as
well as, alluvial deposits that were worked
by dryblowing. In addition to the Sand
Queen and Gladsome mines a number of
other gold mines were worked with Mines
Department rewards showing that, between
1910 – 1920, some 118,000 tonnes of
ore was treated for a recovery of 101,675
ounces of gold at an average grade of 26
oz/t Au.
The Kingsrose Mining Limited Farm
in and Joint Venture agreement is over
the underground resources of the three
tenements containing the high grade
portion of the ore which has been identified
(currently 2007) as Indicated and Inferred
Resources from the Sand George/ Sand
Queen underground mine workings totals
360,200 tonnes at a weighted average grade
of about 12g/t Au for a recoverable 136,500
ounces of gold.
The tenements the subject of this joint venture are M29/321, M29/52 and Miscellaneous Licence L29/67, (the
“Initial Tenements”).
The Comet Vale Project comprising three tenements (M29/52,M29/321 and L29/67) covering an area of
approximately 106 ha is located about 100 km north-northwest of Kalgoorlie within the Norseman-Wiluna
Greenstone Belt, Eastern Goldfields region, Western Australia ( Figure 1).
The current (2007) identified Indicated and Inferred Resources from all lodes the Sand George/ Sand Queen
underground mine workings totals some 360,200 tonnes having a weighted average grade of approximately
12g/t Au for 136,500 ounces of gold.
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