Australia

Kingston Resources drills more gold at Misima North

Kingston Resources Ltd (ASX:KSN) has received assays from Misima North within its flagship 2.8 million ounce Misima Gold Project in Papua New Guinea.

Diamond hole GDD065 returned multiple high-grade intercepts including:

  • 3.5 metres at 1.48 g/t gold and 78.0 g/t silver from 16.2 metres;
  • 1.9 metres at 1.50 g/t gold and 2.0 g/t silver from 20.9 metres;
  • 8.4 metres at 4.55 g/t gold and 11.4 g/t silver from 23.8 metres including 3.5 metres at 9.58 g/t gold and 26.1 g/t silver;
  • 4.2 metres at 2.48 g/t gold and 10.4 g/t silver from 76.0 metres; and
  • 5.3 metres at 0.85 g/t gold and 9.0 g/t silver from 99.7 metres including 1.5 metres at1.12 g/t gold.

Kingston believes there is potential for a continuous zone of high-grade gold mineralisation between 16.2 metres and 32.2 metres down-hole.

In order to confirm this, a follow-up drill-hole has been completed and assay results are currently awaited.

Focused on three key areas

In November 2017, Kingston revealed a 2.8 million ounces JORC resource grading 1.1 g/t gold across two deposits Umuna and Ewatinona.

Kingston aims to increase the resource inventory to over 3.0 million ounces with the key targets being Misima North, Umuna East and Quartz Mountain (Ewatinona and Abi).

Kingstons managing director Andrew Corbett said: “Were delighted to see such encouraging results from one of our first Misima North holes, with these assays confirming the presence of high-grade gold mineralisation 2.5km north of the existing Umuna Resource boundary, and highlighting the prospectivity of the broader Umuna Fault Corridor which hosts both the Umuna and Misima North target areas.

Results highlight additional discovery potential

“The entire 4km strike length of the Umuna Fault Corridor remains largely untested, providing a large, high-quality exploration target for the company to progressively drill.

“Importantly, Misima North represents the second new area discovered by Kingston in recent months, coming after the previously reported discovery at Abi, part of the Quartz Mountain region (see ASX Announcement 17 September 2019).

“Such successes are a strong credit to the excellent work being done by our geological team in pursuit of our strategy to identify near-surface mineralisation to provide early mill feed for the Misima mine plan.

Drilling continues at Ewatinona

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