Kingsrose Mining Limited announced high-grade gold intercepts from drilling on the Maul Vein target at the Way Linggo project, Indonesia. Between November and December 2021, five holes for a total of 816.7 metres were completed to follow up on encouraging trench results and geological interpretations announced on November 1, 2021. Five, shallow diamond drill holes totalling 816.7 metres were completed along a 160 metre strike at the Maul Vein, to test the down dip continuity of the vein exposed in surface trenching. The deepest hole was 241.9 metres. Drilling intercepted two sub-parallel gold bearing vein zones, the Maul Vein to the south and the newly identified Semung Besar vein 25 metres to the north. The Maul Vein was identified by mapping and trenching, and the Semung Besar vein is blind at surface, concealed beneath thin alluvial cover. Trenching has shown the Maul Vein to occur over at least 300 metres of strike at surface and is open along strike. This initial drill program has confirmed the down dip continuity of the Maul Vein to at least 120 metres below surface along a strike length of 160 metres, as well as proving that the vein is host to high-grade
gold and silver mineralisation. Within the mineralised intercepts, narrow high grades were intercepted, for example: 0.7 metres at 25.1 g/t gold, 61.5 g/t silver (from 78.2 metres, DDH-597); 0.6 metres at 12.8 g/t gold, 13.4 g/t silver (from 10.2 metres, DDH-595); 1.0 metre at 9.7 g/t gold, 9.0 g/t silver (from 41.6 metres, DDH-596). Vein zones are typically between 2 and 15 metres apparent thickness and dip between 60° and 75° to the
northeast, containing mineralised intervals >1 g/t gold of one to five metres apparent thickness. Mineralisation remains open both along strike and down dip, and two drill holes totalling approximately 500 metres are scheduled to commence in late January targeting depth extensions to the Maul and Semung Besar veins.