Prospectus - Kingsrose Mining

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
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