Kingston Resources Limited: Drilling Confirms High Grade Gold Zones at Livingstone
21.08.2018 | ABN Newswire
Sydney, Australia - Kingston Resources Ltd. (ASX:KSN) (Kingston or the Company) is pleased to report final assay results from the recently completed air-core drilling at the 75% owned Livingstone Gold Project in Western Australia.Highlights
- Final assays from drill program confirm broad gold zones at Livingstone. Intersections include:
o 5m @ 6.56g/t Au from 49m in KLAC008
o 3m @ 5.82g/t Au from 8m in KLAC006
o 5m @ 2.73g/t au from 13m in KLAC030
- Two mineralised structures identified at Kingsley - 2km long and open along strike
- New RC and air-core drill program to commence in September across broader project area
The Kingsley Prospect is 2 km long and currently has 900m of defined mineralisation (see Figure 1 in link below), the prospect is open along strike to the west. Intersections such as 5m @ 6.56g/t Au including 1m at 21.8 g/t Au (KLAC008) and 3m @ 5.82g/t Au (KLAC006) highlight the potential of this structure, with the current broad-spaced drilling suggesting it sits parallel to and south of the western-most line of old workings previously known as Mt Seabrook 1 & 2. The significance of parallel lodes is that they have not been previously identified or developed by the old workings nearby.
Hole KLAC030 (5m @ 2.73g/t Au, including 2m @ 5.27g/t Au) drilled mid-way between the two groups of old workings suggests there may be potential for additional mineralisation linking the groups of shafts together. The two zones of mineralisation now span over 2km of known strike and are open to the east and west. The interpreted trends of mineralisation at Kingsley are shown in Figure 2 (see link below).
The final assay results also confirm mineralisation on several holes at the Dampier, Drake and Stanley prospects. Initial results at these prospects are encouraging and the Company will continue work to determine the size and scale of each prospect.
Kingston Resources Ltd. Managing Director, Andrew Corbett said:
"The assay results from the drill program at Livingstone are encouraging as the project continues to provide the Company with highly prospective areas of mineralisation.
Assays from the Livingstone's Find area continue to show significant grade, thickness and continuity. Gold mineralisation occurs at multiple prospects within the area. Further drilling will commence in September.
Livingstone is proving to be a valuable asset with real upside potential. The Board and management also look forward to updating shareholders on results from drilling at our flagship Misima Gold Project and the commencement of additional drilling at Livingstone in the coming weeks."
To view tables and figures, please visit:
http://abnnewswire.net/lnk/DHK0Q3N1
About Kingston Resources Limited:
Kingston (ASX:KSN) is a metals exploration company. Currently the Company's priority is the world-class Misima Gold Project in PNG, which contains a JORC resource of 2.8Moz Au, a production history of over 3.7Moz and outstanding potential for additional resource growth through exploration success. Kingston currently owns 49% of the Misima Gold Project and is earning in to 70%.
In addition, Kingston owns 75% of the Livingstone Gold Project which holds a 50koz resource and is the site of a number of high grade historic intersections.
Source:
Kingston Resources Ltd.
Contact:
Kingston Resources Ltd. T: +61-2-8021-7492 E: info@kingstonresources.com.au WWW: www.kingstonresources.com.au