Kingston Resources (ASX: KSN) says latest “outstanding” results from its Livingstone project 140km northwest of Meekatharra include significant high grades within broader zones of gold mineralisation.
A 1m section in one hole at the Kingsley prospect assayed at 31.24 grams per tonne gold, being part of a 22m intercept at 3.65g/t, with mineralisation beginning 20m down hole.
This follows on the heels of earlier drilling results from its 75%-owned Livingstone project released in August.
Kingsley was discovered by Kingston in 2018. That year drilling at Kingsley returned assays of 1m at 100g/t and 15m at 4.66g/t.
Now Kingston has released further assays from its recently completed reverse circulation drilling at Kingsley.
Apart from the intersection above, new assays showed 10m at 4.15g/t (including 2m at 8.4g/t from 4m down hole); 3m at 4.02g/t (including two higher grade sections, one of 2m at 11.22g/t) and 7m at 2.45g/t.
Another drill hole intersected two separate mineralised sections. The first, hit 23m down hole, returned 3m at 2.14g/t and the second 12m at 1.67g/t (including 1m at 10.52g/t).
Livingstone plus Misima to support next large-scale gold producer
Kingston is positioning itself to be “the next low-cost, large-scale gold producer in the Asia-Pacific” with Livingstone in Western Australia and Misima in Papua New Guinea.
Misima, located on the island of the same name that lies in the Solomon Sea east of the PNG mainland, hosts a JORC resource of a contained 3.2 million ounces of gold and 18.2Moz of silver. That mine closed in 2001 at a time of very low gold prices after having produced 3.7Moz of gold.
Managing director Andrew Corbett said of the latest Livingstone results that the company is continuing to see high-grade intercepts within broader widths of significant mineralisation, a trend he describes as “encouraging”.
“The drilling is confirming the continuity of shallow, high-grade gold mineralisation over a 1km strike length at Kingsley,” he added.
The remaining results will be received in coming weeks, after which Kingston will be able to begin work on a maiden JORC-compliant mineral resource estimate.
Meanwhile, a drill rig is due at Livingstone by the end of the month to work at the Stanley target and to do further drilling at the Homestead deposit.
The Homestead prospect has a JORC resource of 49,000oz with mineralisation at shallow depths including one which begins at 3m down hole — but that is a historical estimate and not reported in accordance with the JORC 2012 code.