Prospectus - Kingsrose Mining

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Section 8 Independent Geologist’s Report Figure 5. Sand Queen Mine – Longitudinal Section Page 28
Table 3. Significant Results The successful completion of the Comet Vale Resource Extension drilling program has doubled the strike extent of the Sand George resource. The Resource Extension drilling has extended the potential reserves for a further 500m, down to a vertical depth of 250m with significant drill intersections being made at depths up to 400 metres below ground level. A new lode of 8m @ 3.60g/t Au was intercepted beneath the Sand Prince West orebody in the precollar of JVD006 which was planned to test depth continuity of the Sand George orebodies. Mineralised wide lode intersections which contain narrow high-grade intervals with assays in excess of 15g/t Au include: • 3m @ 6.32g/t Au (92-95m) including 1m @ 15.24g/t Au (JVC001) • 1m @ 17.30g/t Au (20-21m) (JVD001) Hole ID Collar Collar Interval Interval Intersection Grade Northing Easting From (m) To (m) Width (m) (g/t Au) JVC001 13100 7770 92 95 3 6.32 including 93 94 1 15.24 JVC002 13075 7810 53 54 1 4.2 JVC004 13025 7800 75 75.3 0.3 4.55 @ BOH JVD 12950 7800 20 21 1 17.3 JVC005 12850 7825 38 39 1 3.54 JVD006 13000 7600 42 50 8 3.60 8. Development Budget including 48 49 1 13.64 The table below shows a summary of the budgeted, expenditure items for the next 2 years mine development at the Sand Queen Gold Mine. 2 Year Summary of level Development 4L 5L Total Metres Total Millholes 732 m 522 m 1,394 m 23 units Infrastructure for 2 Years of Development Level and Rising Development $ 1,882,210 Shaft Refurishment 3L to 5L $ 75,000 Winder (Purchase, Install and Commission) $ 200,000 Diamond Drilling (New Rig and Diamond Drill Cuddies) $ 95,395 Truck/Bogging (Locomotive and Boggers) $ 41,000 Power/Ventilation/Pumps $ 218,000 Total Expenditure $ 2,511,605 Page 29
Page 1 and 2: Kingsrose Mining Limited ABN 49 112
Page 3 and 4: Table of Contents Section 1 Key Poi
Page 5 and 6: Section 2 Chairman’s Letter Dear
Page 7 and 8: Application of Proceeds at Full Sub
Page 9 and 10: 4.4 Application for Shares Applicat
Page 11 and 12: Section 5 Company and Project Overv
Page 13 and 14: Section 6 Directors and Corporate G
Page 15 and 16: As the Company’s activities devel
Page 17 and 18: Additionally, tenements are subject
Page 19 and 20: Potential Acquisitions As part of i
Page 21 and 22: In addition, GIPL made independent
Page 23 and 24: Figure 2. Regional Geology 1. Intro
Page 25 and 26: Figure 3. Project Geology and Tenem
Page 27 and 28: 6. Past Exploration up to 1998 The
Page 29: 1. Proving up gold resources to the
Page 33 and 34: Holla, L.A., 2001. Geological setti
Page 35 and 36: Conduits Conglomerate Country rock
Page 37 and 38: Lava Limestone Lineament Lithologic
Page 39 and 40: Stockwork Stratabound Stratigraphy
Page 41 and 42: Under the terms of an asset sale ag
Page 43 and 44: APPENDIX 1 ASSETS BEING ACQUIRED AN
Page 45 and 46: To be read in conjunction with the
Page 47 and 48: APPENDIX 2 STATEMENT OF CASH FLOWS
Page 49 and 50: (b) (c) (d) (e) (f) (g) Income tax
Page 51 and 52: Unaudited Proforma 31 August 2007 U
Page 53 and 54: $ $ 10. CONVERTIBLE NOTES - UNSECUR
Page 55 and 56: 2.1 Western Australia Tenements in
Page 57 and 58: included a revised threshold test f
Page 59 and 60: • Compensation may have to be agr
Page 61 and 62: Notes: 1. The tenement is subject t
Page 63 and 64: expenditure will be borne by the pa
Page 65 and 66: Section 12 Additional Information 1
Page 67 and 68: Rights on Winding Up Subject to the
Page 69 and 70: Early Redemption by Noteholder The
Page 71 and 72: Section 13 Director’s Responsibil
Page 73 and 74: Application This Application Form r
Page 75 and 76: Application This Application Form r
Page 77 and 78: Airleg miner boring a level drive f

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