Adding To Historic JORC Numbers
Kingston Resources Limited (ASX: KSN) has received high-grade assay results from the Homestead prospect and its recently- completed Reverse Circulation (RC) drilling at its 75%-owned Livingstone Gold Project near Meekatharra in Western Australia.
Drilling at Homestead comprised five RC holes for 513m and was designed to expand on and confirm historical results from drilling conducted by Western Mining Corporation, Sons of Gwalia and Talisman Mining.
The drilling was undertaken within the existing JORC 2004 Inferred Resource (990,000t @ 1.6g/t Au for 50,000oz) envelope, and delivered best intercepts including:
- 17m @ 3.07g/t Au from 14m, including 1m @ 7.94g/t Au from 16m and 2m @ 9.36g/t Au from 24m
- 7m @ 3.32g/t Au from 27m, including 1m @ 9.74g/t Au from 27m & 2m @ 5.08g/t Au from 30m
- 11m @ 1.00g/t Au from 104m, including 1m @ 4.97g/t Au from 111m 4m @ 1.10g/t Au from 10m
- 11m @ 1.18g/t Au from 31m
- 4m @ 1.06g/t Au from 71m
Managing Director, Andrew Corbett, said the campaign was highly successful, improving the confidence in the historical drilling with all holes returning high-grade intercepts of similar grade tenor and widths.
Kingston is currently conducting a project-wide geological study of the Livingstone tenement package that integrates all historical data as well as new information gained during Kingston’s tenure.
The geological study is designed to place the numerous individual prospects in the Livingstone area into a wider geological context, enhancing the understanding of the relationship between mineralisation at the various deposits, incorporating them within a mineral systems model and identifying and ranking areas that are highly prospective at both a deposit and district scale.
“The assay results demonstrate the high- grade nature of gold mineralisation at Livingstone, and confirm the grades and widths of historical drilling programs at Homestead which hosts a shallow 50,000oz historical (JORC 2004) Inferred Resource,” Mr Corbett said.
“The project-wide geological review that is currently being undertaken has confirmed the prospectivity of existing targets, as well as highlighting new areas of interest that will be incorporated into future exploration programs at Livingstone. “Our ongoing exploration activities at Livingstone will run in parallel with work programmes at our flagship Misima Gold Project in Papua New Guinea, where Kingston has recently released a positive Pre-Feasibility Study and Maiden Ore Reserve that demonstrates the economic viability and compelling economics of the proposed open pit mine development.”
