King Solomon Mines

04 July 2011

Drilling success Mud-house Gold Prospect (Inner Mongolia)

Summary

Following early success from RAB drilling at its Mud-house prospect (100% owned Sonid North project) King Solomon has now received assay results showing 8 significant gold intersections from diamond drill-holes. Better intersections include 4.0 metres at 11.4 g/t Au and 0.7 metres at 8.0 g/t Au Follow up diamond drilling at this emerging gold discovery is planned to establish correlations between these intersections and to explore for extensions to, and repetitions of, the mineralised structures.

 

The Directors of King Solomon Mines Limited are pleased to advise that all assay results from a recently completed first phase diamond drilling program at its Mudhouse prospect in Inner Mongolia, have now been received.

Using a 1.0g/t Au cut-off, the nine hole for 1,912m program has yielded eight significant intercepts as tabled below.

HOLE No.

FROM (m)

TO (m)

WIDTH (m)

Au (g/t)

Ag (g/t)

As (ppm)

SND002

40.6

42.2

1.6

2.64

1.1

217

 

113.3

116.4

3.1

2.96

35.1

844

SND004

150.0

151.1

1.1

1.03

3.6

2,150

 

203.0

204.0

1.0

3.24

1.1

129

SND006

134.3

135.0

0.7

8.01

5.6

666

SND009

182.0

186.0

4.0

11.30

2.4

305

 

226.0

228.0

2.0

1.04

2.8

520

 

272.0

274.0

2.0

1.82

<0.5

3,540

SND002 assay results have been released previously.

The tabled intercepts are from moderately steeply-dipping Au ± Ag ± As mineralised structures occurring within the corridor. Their weighted average grade is 4.8g/t Au and their average width is 2m. They are supported by twenty seven other intercepts of 1.5m or better in the 0.10g/t Au to 0.99g/t Au range. As the drill-hole spacing is still very coarse and the number of holes small, correlation between intersections in these holes requires better definition and the geometries of the mineralised structures have yet to be fully determined.

The diamond drill holes were focused on a 500m long section of a 100+m wide, gold-anomalous corridor that has been traced at surface and by RAB drilling for at least 1.8km. The location of the drill-holes is shown in the accompanying drill plan and collar data is tabled below.

HOLE No.

EASTING (UTM49N)

NORTHING (UTM49N)

AZIMUTH (deg)

INCLINATION (deg)

DEPTH (m)

SND001

714062

4845148

45

60

77

SND002

714574

4845022

190

60

130

SND003

713925

4845015

45

60

117

SND004

714519

4844704

10

60

208

SND005

714297

4845171

180

60

314

SND006

714298

4845020

360

60

231

SND007

713997

4845086

45

50

200

SND008

713992

4845080

225

60

275

SND009

714528

4844752

10

50

360

In conjunction with the diamond drilling program, thirty seven RC drill-holes totalling 3,202m were used to define the anomalous corridor; locate potentially Au-mineralised structures therein; and prospect for new gold occurrences outside of the corridor. The RC results have demonstrated quite clearly where follow-up diamond drilling should be focussed and KSO is now planning a diamond drill program that will involve a mix of:

  • in-fill drilling aiming at definition of the known structures within the 500m zone referred to above; and,
  • step-out exploration drilling along strike from the 500m zone.