Exploration company Kingston Resources (ASX: KSN) has intercepted significant gold mineralisation at the high-priority Kingsley gold target, during follow-up drilling at its 75%-owned flagship Livingstone project in Western Australia.
The combination reverse circulation and aircore program, which commenced last month, drilled a total 106 holes for approximately 8000 metres covering the western side of Kingsley, as well as the Dampier and Drake prospect areas within Livingstone, 140km northwest of Meekatharra.
It was designed to extend and infill mineralisation at Kingsley, located within the Find-Stanley area which is considered to be the project’s biggest geochemical target and has previously shown significant grade, thickness and continuity.
The last round of drilling at Kingsley identified grade along a strike length of 2 kilometres with results including 5m at 6.56g/t gold.
Initial assays received from 30 out of a total 76 holes of follow-up drilling have so far included 20m at 2.94 g/t gold from 4m; 16m at 1.25g/t gold from 128m; and 8m at 3.03g/t gold from 12m.
Other highlights have been 2m at 1.65g/t gold from 48m and 8m at 1.58g/t gold from 36m and 16m at 1.33g/t gold from 32m, including 4m at 2.36g/t gold.
Kingston chief executive officer Andrew Corbett said the “very positive” results add definition to approximately 550m of strike and indicate a number of sub-parallel mineralised lodes striking west-northwest and dipping steeply to the south, while remaining open at depth.
“Kingsley is shaping up as a highly-mineralised series of structures over a large strike area, and is delivering a great deal of added value to the Livingstone project,” he said.
Assays are pending for the remaining holes across the three prospects including holes covering an additional 350m of untested strike west of previous drilling at Kingsley.
With an existing JORC inferred mineral resource of 49,900 ounces gold, the Livingstone project includes a number of high-grade drilling intersections indicating “excellent potential” for additional discoveries.
The project area spans 204 square kilometres of prospective geological strike on the western limb of the highly-prospective Bryah Basin.
The historic Livingstone’s Find prospect is the largest geochemical anomaly across the tenement and the site of record historic production, with 1260oz grading an average 21.85g/t.
Recent drilling at the Kingsley prospect (previously known as Mt Seabrook 1 and 2) identified gold up to 850m west of historic shafts and open along strike which the company said “greatly increases” the possible size of the mineralised zone.
A new zone of gold mineralisation has also been recently confirmed at the Dampier prospect, northwest of Kingsley.
First identified in auger sampling by Kingston, the Dampier zone is approximately 500m long with mineralisation open along strike to the west and east.
At midday trade, shares in Kingston Resources were steady at $0.022.