New Century Resources Limited provided an update the market on the progress of drilling activities at the high-grade Silver King Lead-Zinc-Silver Deposit, located at the Century Zinc Mine in Queensland. Assay results have been received from a further 12 diamond drill holes, with further confirmation of continuity of the high-grade mineralisation. The company has elected to extend the drilling program, with two further holes planned within the historical mining area near the surface outcrop of Silver King. New Century sees strong potential for the delineation of open pit amenable mineralisation in this area. Silver King Deposit Overview; The Silver King deposit was discovered in 1887, with mining commencing soon after. By 1900 three shafts had been sunk on the deposit and small-scale, intermittent, underground production occurred from the mine through to 1980. The maximum depth of the known excavations is approximately 60m from the current surface and it is estimated no more than 50,000 tonnes of ore was extracted in total. The historic mine lies approximately 1km south of the southernmost extent of the Century Open pit. Mineralisation at Silver King consists of a series of moderately to steeply dipping quartz-galena- sphalerite-siderite hydrothermal veins and breccias associated with a northeast trending sinistral strike-slip fault. Silver King & East Fault Block Development Study; New Century sees strong potential for the near-term development of Silver King and East Fault Block into mining operations. With results of the recently completed drilling program to provide important resource, geotechnical and metallurgical information for inputs to the Development Study currently underway.