Kingston Resources confirms 1km-long gold zone at Livingstone

Kingston Resources ASX KSN Livingstone Kingsley gold drilling
Highlight assays from Kingston Resources’ latest drilling at Livingstone include 16m at 1.49g/t gold from 2m.

All assays are now back from the 50-hole drilling program at Livingstone in Western Australia with Kingston Resources (ASX: KSN) saying the results show the continuity of shallow, high-grade gold mineralisation over 1km of strike.

The final assays from the Kingsley prospect within the company’s Livingston project included intercepts that begin from just 2m down hole.

Of the 50 holes drilled, 48 returned significant intersections (above 0.5 grams per tonne gold).

The last of the assays covered 1,577m of drilling, with the total program adding up to 4,390m.

Kingston noted that the latest results correlate well with previously reported results, which comprised thick zones of mineralisation containing narrower, higher-grade intercepts.

The most recent gold assays comprise 16m at 1.49g/t (from 2m), 16m at 1.37g/t (including 2m at 5.50g/t), 9m at 1.06g/t and 6m at 1.72g/t (from 11m down hole).

Drilling now at three other prospects

Managing director Andrew Corbett said that, with all the results now in, work is set to begin on a maiden JORC mineral estimate at Kingsley which he expects to add significant value to the “strategically located” Western Australian project, which is 140km northwest of Meekatharra.

“These final assays once again include high-grade intercepts within broader widths of significant mineralisation, correlating well with the previously reported results and confirming our understanding of the geological model.”

The rig is now drilling the Stanley target and will then do more work at the Homestead deposit which hosts a historic, shallow 49,900oz gold JORC resource. The rig will also be located at the “high-grade” Winja gold prospect.

Previous results at Winja included 18m at 3.30g/t, with one section of 7m grading at 5.15g/t.

Drilling at Stanley is being co-funded by the Western Australian Government’s exploration incentive scheme.

Livingstone plus Misima to support next large-scale gold producer

The exploration program at Livingstone will run concurrently with the ongoing mining studies at Misima in Papua New Guinea where, Mr Corbett says “excellent” progress is being made.

“As a result of COVID-19 travel restrictions, we suspended drilling at Misima in late March [and] we are now well-advanced to recommence drilling.”

Kingston is positioning itself to be “the next low-cost, large-scale gold producer in the Asia-Pacific” with Livingstone and Misima.

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 3.2Moz of gold and 18.2Moz of silver.

That mine closed in 2001 at a time of very low gold prices after producing 3.7Moz of gold.

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