King Solomon Mines

26 August 2011

Follow-up drilling commences at Mud-house gold prospect

Dear Shareholder
 

The attached announcement was made to the ASX a short time ago.

Drilling has resumed at King Solomon's Mud-house gold prospect (Sonid North gold project). A program of 11 diamond holes for 3,100m is under way as follow-up of the encouraging results announced last month. Two rigs are being used with drilling proceeding on double shifts.

The drilling is focused on a package of moderate to steeply-dipping gold-mineralised structures over a strike length of at least 750m and within a gold-anomalous corridor at least 1.8km long.  Encouraging indicators from the previous drilling included visible gold in core; intercept grades as high as 21.4g/t Au over 2m; and, widths averaging 1.9m (on a 1g/t Au cut-off).

The follow-up program is aimed at:

  • establishing grade of, and continuity between, the mineralised structures within the 750m strike of the package established to date;
  • continuing exploration along strike of the 1.8km Au-in-RAB anomalous zone hosting the package;
  • investigating the deeper levels of the system for a potentially larger scale source of the widespread low-grade gold enveloping the higher grade structures.

Assay results are expected to be received progressively over the next 3 months.

Stephen McPhail
Managing Director
Enquiries may be directed to Stephen McPhail at phone 1800 061 569 (from Australia), +64 21 897 667 (from elsewhere) or email

The information on mineralisation contained in this announcement accurately reflects information compiled by A B Bell, BSc, F AusIMM(CP), Executive Director, a Competent Person (as defined by the Australasian Code for Reporting of Identified Mineral Resources and Ore Reserves), who has relevant experience in relation to such mineralisation and has consented to the inclusion of such information in this announcement.