Aiming To Build On PNG Success
Kingston Resources Limited (ASX:KSR) has commenced ~5,000m resource definition Reverse Circulation drilling programme at its 75%-owned Livingstone Gold Project, north-west of Meekatharra in the Bryah Basin of Western Australia.
The current drilling programme has been designed from knowledge gained from the structural geological review conducted over the wider Livingstone Project, including Kingsley, in late 2019.
Managing Director, Andrew Corbett said the aim of the programme is to define shallow oxide mineralisation that will contribute towards an initial JORC compliant Mineral Resource estimation for the Kingsley Prospect.
Several holes have also been designed to further test potential depth extensions to the known mineralisation.
Kingston has also been successful in securing co-funding for a further ~1,000m of deep RC drilling at the Stanley Deeps prospect, through R21 of the WA Government Exploration Incentive Scheme.
“It is great to get back out on the ground advancing our projects following the COVID-19 related lockdowns and border closures in the first half of the year,” Mr Corbett said.
“The drilling programme underway at Kingsley will be key to unlocking value at the broader Livingstone Project as we move towards defining a Resource at this prospect, adding to the existing 49,000oz (JORC 2004) Resource at Homestead.
“We are also looking forward to drilling the conceptual Stanley Deeps target, for which we have been successful in securing co-funding through R21 of the WA Government Exploration Incentive Scheme. “The scheduled exploration programme at Livingstone will run concurrently with ongoing mining studies at the flagship 3.2Moz Misima Gold Project in Papua New Guinea, where PFS work continues to advance.”
