Gold In All Assays Received To Date
Kingston Resources Limited (ASX: KSN) has reported highly encouraging initial assay results from the recently completed Reverse Circulation (RC) drilling programne at its 75%-owned Livingstone Gold Project, located 140km north-west of Meekatharra in Western Australia.
The initial batch of assays have been returned from the first 11 holes (954m) of a 54-hole (4,525m) programme completed at the Kingsley Prospect, which was discovered by Kingston in 2018. The programme has proved very successful with all 11 drill holes reported to date returning multiple intervals of gold mineralisation at >0.5g/t Au (Table 1).
Managing Director, Andrew Corbett, said these initial results support the evolving mineralisation model, developed from knowledge gained from a structural geological review conducted over the wider Livingstone Project, including Kingsley, in late 2019.
Further drilling is planned at the Stanley, Homestead and Winja prospects in September.
Mr Corbett said that importantly, to date, only 800m of this initial discovery has been meaningfully drilled – with the mineralisation currently remaining open to the north-west and east, where a 1.2km strike length of known mineralisation is yet to be fully tested.
“Our 2020 exploration programme at Livingstone is off to a flying start, with the first batch of assays from the recently completed RC programme returning some outstanding high-grade intercepts, in several cases within broader widths of significant mineralisation. I am looking forward to receiving further results in the coming weeks,” Mr Corbett said.
“We are also looking forward to getting back into drilling at Livingstone in relatively short order to complete the co-funded drilling at the Stanley target and to undertake some further drilling at the Homestead Deposit, which hosts an historic shallow 49,900oz Au (JORC 2004) Resource, as well as at the high-grade Winja prospect, which is where Kingston first drilled at Livingstone after acquiring the project in 2017.
“The continuing exploration program 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 make strong progress.”
The final results from the current programme will be incorporated with results from prior RC drilling, the data from the favourable preliminary metallurgical test work and the diamond drilling programme – all completed by the company in 2019. Kingston ultimately intends this data to underpin a maiden JORC compliant Mineral Resource Estimate (MRE) for the Kingsley Prospect.
The planned co-funded drilling at Stanley Deeps through R21 of the WA Government Exploration Incentive Scheme was suspended due to difficulties with ground conditions. Kingston now aims to complete this drilling in September. This will be followed by a ~1,000m RC programme at the Homestead Deposit, which hosts an historic shallow 49,900oz Au (JORC 2004) Resource, and the high grade Winja prospect to the south.
