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KING SOLOMON MINES LIMITED

ASX: KSO

The data on Australian Shares.com is intended as a guide only and is compiled from information in the public domain. Data on this website should not be used to make an investment or trading decision.

Description

King Solomon Mines Limited is exploring for gold and copper in Inner Mongolia, China. Its projects are located on the fringes of the Gobi Desert. King Solomon is aggressively exploring a newly-discovered porphyry copper-molybdenum system at Bu Dun Hua in the Wengniute county of Inner Mongolia. In Sonid Zuoqi county, it is investigating widespread anomalous gold mineralisation at Sonid North (Mud-house prospect) and an extensive area of mixed copper, gold and molybdenum mineralisation (Marmot Ridge project). It has other gold prospects at Naogaoshandu in Sonid Zuoqi county.

Marmot Ridge Copper-Gold Project

Exploration by KSO at Marmot Ridge has resolved widespread alteration and associated copper (Cu), molybdenum (Mo) and gold (Au) mineralisation, into three coalescing systems:

* Volcanic-hosted Cu mineralisation
* Porphyry-hosted Mo ± Cu mineralisation
* Intrusive-related Au mineralisation

Naogaoshandu Gold Project

The Naogaoshandu gold project consists of a 47 sq km Exploration Licence centred only 25km west-southwest of its Marmot Cu-Mo project and 14km northeast of the Beyinhar gold deposit currently being developed by Zijin Mining. King Solomon has discovered several areas of anomalous gold mineralisation but is particularly interested in the South Ridge and Three Eagles prospects.

Bu Dun Hua Porphyry Copper Project

KSO acquired the Bu Dun Hua project in 2007 after recognizing porphyry Cu style alteration around a modest quartz-hematite vein system known locally as the Lao Ping Tong mine. Despite widespread sand and colluvium cover, KSO worked systematically outwards from Lao Ping Tong and late in 2009, discovered the Whitehorse Cu-Mo mineralised porphyry intrusive complex. Through 2010, the company not only established key geological and geochemical criteria for ongoing exploration at Whitehorse, but also discovered a series of other potentially mineralised porphyry intrusives forming a structural corridor both east and west of Whitehorse. This discovery of this porphyry system, under sand cover often tens-of-metres thick is considered a validation of KSO’s selection of Inner Mongolia as an appropriate exploration environment for low cost discovery of new bulk-mineable porphyry style deposits.

Sonid North Gold Project

Exploration by KSO has resulted in the discovery, under sand cover, of a large open-ended Au anomaly now referred to as the Mud-house prospect. Scout RC drilling has indicated multiple zones of anomalous gold values up to scores of metres wide and enclosing lenses and veins grading better than 1g/t Au. A low angle southward dipping structural control confers an open-pit potential in the event of ongoing exploration success. Systematic drilling is to be undertaken through 2011.

Mine For

gold, copper, molybdenum

Location of operation(s)

Inner Mongolia

Address

Se 305, Level 3, 4 Bridge St
SYDNEY, NSW, Australia

Phone

(64) 4905 9608

Email

Website


Last Updated

24/03/2011

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.