Kingston Resources Ltd (ASX:KSN)

More strong results confirm continuity of mineralisation at Livingstone

Highlights

What's happened?

Kingston Resources Ltd (ASX:KSN "Kingston") has reported the final batch of assay results from the remaining holes of its RC drilling program at the Kingsley Prospect at its Livingstone Gold Project, WA.

What are the key highlights?

The final remaining holes which totaled 1,577m returned results inclulding 16m at 1.49g/t Au from 2m, 16m at 1.37 g/t Au from 26m and more.
The results come following previous results which included 22m at 3.6g/t Au from 20m, 10m at 4.1g/t Au from surface, and more. Refer to the diagram below for more details.
The RC rig is currently on site with drilling underway at the Stanley target, to be followed by a ~1,500m RC drilling program at the Homestead deposit and the high-grade Winja prospect.

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Figure: Kingsley prospect. Source: Kingston Resources ASX announcement 30th September 2020.

For more information, please refer to the announcement linked below.

Managing Director's Summary

“We are very pleased with the success of the drilling program at the Kingsley Prospect, which has confirmed the continuity of shallow, high-grade mineralisation over a 1km strike length. These final assay results 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. With all the results now in, work is set to begin on the maiden JORC compliant MRE at Kingsley, which we expect will add significant value to this strategically located WA gold project. It is also great to have the drill rig back on site at Livingstone conducting co-funded drilling at the Stanley target and to undertaking further drilling at the Homestead Deposit – which hosts an historic shallow 49,900oz Au (JORC 2004) Inferred Resource1 – as well as at the high-grade Winja prospect. Our exploration program at Livingstone will run concurrently with ongoing mining studies at the flagship 3.2Moz Misima Gold Project in Papua New Guinea, where excellent progress is being made. As a result of Covid-19 related travel restrictions, we suspended drilling at Misima in late March, we are now well advanced with plans to re-commence drilling at Misima and look forward to updating the market on this in the near future.”

Andrew Corbett

Managing Director, Kingston Resources Ltd

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