https://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Tue, 20 Nov 2018 06:47:02 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Kingston Resources intersects 40 metres at 3.17 g/t at Misima Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/208790/kingston-resources-intersects-40-metres-at-317-gt-at-misima-gold-project-208790.html Kingston Resources Ltd (ASX:KSN) has intersected further broad and high-grade gold mineralisation in a hole at its 70%-owned Misima Gold Project in Papua New Guinea.

The ongoing diamond drilling program is targeting resource extensions to the current 2.8-million-ounce resource within the Central Umuna zone.

Assays results from the drill hole include: 40 metres at 3.17 g/t gold and 10.88 g/t silver from 243 metres, including 6 metres at 14.06 g/t gold and 13.33 g/t silver; 6 metres at 1.44 g/t gold and 1.98 g/t silver from 55 metres; and 5 metres at 0.95 g/t gold and 2.22 g/t silver from 138 metres.

READ: Kingston Resources intersects 4 metres at 76.25 g/t at Livingstone Gold Project

Kingston managing director Andrew Corbett said the drilling was now demonstrating likely extensions to the Central Umuna ore zone.

He said: “This section of the resource has attractive grade and width at only moderate depth.

“In addition, intersecting potential ore zones in the hanging wall above the Umuna fault zone is beneficial as this material would likely be mined to access the main zone.

“We are also pleased to see an improvement in drilling performance from our contractor.”

READ: Kingston Resources defines large areas of high-grade gold at Misima

The hole was drilled about 100 metres below the historic pit floor, about 250 metres north of the thick and high-grade Central Umuna zone.

Misima has a production history of 3.7 million ounces and further potential for resource growth.

Kingston holds 70% of Misima as well as being 75%-holder of the 50,000-ounce Livingstone Gold Project in WA, where high-grade historic intersections have been drilled.

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Wed, 07 Nov 2018 22:27:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208790/kingston-resources-intersects-40-metres-at-317-gt-at-misima-gold-project-208790.html
<![CDATA[News - Kingston Resources intersects 4 metres at 76.25 g/t at Livingstone Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/208463/kingston-resources-intersects-4-metres-at-7625-gt-at-livingstone-gold-project-208463.html Kingston Resources Ltd (ASX:KSN) has intersected high-grade gold in drilling at the Kingsley prospect within its 75%-owned Livingstone Gold Project in Western Australia.

Assay results from 4-metre composite samples included grades as high as 4 metres at 76.25 g/t gold from 88 metres as well as broad intersections such as 28 metres at 2.26 g/t from surface.

READ: Kingston Resources defines large areas of high-grade gold at Misima

Kingston managing director Andrew Corbett said the project continued to improve in both scale and grade with each stage of work completed.

He said: “What is particularly encouraging is we are getting broad sections of mineralisation from surface, and at relatively shallow depths.

“To be assaying 4 metres at 76.25 g/t gold at 88 metres is [just] one of many positive highlights.”

Other highlighted assays include: 4 metres at 3.49 g/t from 4 metres; 24 metres at 1.06 g/t from 24 metres; 28 metres at 2.26 g/t, including 8 metres at 5.57 g/t; and 16 metres at 1.95 g/t from 56 metres, including 4 metres at 5.72 g/t from 56 metres.

READ: Kingston Resources finds visible gold-bearing veins at prospect near Misima Gold Project

Mineralisation at Kingsley has now been defined over a 1-kilometre strike with final assay results confirming several sub-parallel mineralised lodes striking west-northwest and dipping steeply south.

The mineralisation remains open along strike, to the north and at depth.

Kingston has begun the approvals process for the next round of reverse circulation (RC) drilling at Kingsley for the first quarter of 2019.

Corbett added: “In the first quarter of 2019 we will kick off an extensive RC drill program at Livingstone and that will target predominantly Kingsley.

“Our exploration activities in Western Australia are complementing the multi-faceted exploration program that is ongoing at the flagship 2.8-million-ounce Misima Gold Project in Papua New Guinea.”

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Sun, 04 Nov 2018 22:26:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208463/kingston-resources-intersects-4-metres-at-7625-gt-at-livingstone-gold-project-208463.html
<![CDATA[News - Kingston Resources defines large areas of high-grade gold at Misima ]]> https://www.proactiveinvestors.com.au/companies/news/208008/kingston-resources-defines-large-areas-of-high-grade-gold-at-misima-208008.html Kingston Resources Ltd (ASX:KSN) has assayed high-grade gold in geochemical surface trench work at the Ginamwamwa prospect within its wider Misima Gold Project in Papua New Guinea.

The company has also completed an aerial Lidar survey over the larger project area to enhance the drilling and exploration program.

Drilling is ongoing at the Umuna shear zone testing down-dip extensions beneath the existing resource.

Highlighted results from geochemical assays include: 34 metres at 3.19 g/t gold, including 8 metres at 7.96 g/t; 50 metres at 2.06 g/t, including 8 metres at 5.38 g/t; 5 metres at 9.57 g/t; 6 metres at 1.6 g/t; and 10 metres at 1.23 g/t, including 2 metres at 3.99 g/t.

READ: Kingston Resources finds visible gold-bearing veins at prospect near Misima Gold Project

Kingston managing director Andrew Corbett said the company’s strategy at Misima was to demonstrate the potential of the existing 2.8-million-ounce resource while defining multiple exploration targets outside of the resource.

Corbett said: “Ginamwamwa is just one of six such targets we are working on.”

“It is a very positive sign for the exploration potential of the island that we are delivering these outstanding results at one of our first targets.

“Ginamwamwa is approximately 2 kilometres south of the Umuna resource and sits adjacent to the historic mill site.

“To be finding mineralisation at this type of grade away from the original resource is a big win.”

“There are a number of exploration targets at Misima and whilst the drilling performance so far has been slower than planned, we are very confident in the resource potential of the project.

“We have broad exploration optionality across Misima reflected by the number of targets identified and the early success at areas such as Ginamwamwa and Ara Creek – this gives us confidence in the outlook for the project.”

READ: Kingston Resources finds up to 8.45 g/t at historic Ara Creek mine in PNG’s Misima North

Misima has a production history of over 3.7 million ounces and further potential for resource growth.

Kingston holds 70% of Misima as well as being 75%-holder of the 50,000-ounce Livingstone Gold Project in WA, where high-grade historic intersections have been drilled.

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Mon, 29 Oct 2018 04:19:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208008/kingston-resources-defines-large-areas-of-high-grade-gold-at-misima-208008.html
<![CDATA[News - Kingston Resources finds visible gold-bearing veins at prospect near Misima Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/205710/kingston-resources-finds-visible-gold-bearing-veins-at-prospect-near-misima-gold-project-205710.html Kingston Resources Ltd (ASX:KSN) has found two visible gold-bearing veins near-surface in trenching and mapping work at its Ginamwamwa prospect in Papua New Guinea.

Ginamwama is within the southern area of Kingston’s flagship Misima Gold Project, adjacent to the historical Placer mill and 2 kilometres south of the Umuna resource.

The company previously had defined 500 metres of strike at the prospect and the newly-discovered gold-bearing veins are of a style of mineralisation not previously identified at Misima.

READ: Kingston Resources finds up to 8.45 g/t at historic Ara Creek mine in PNG’s Misima North

Kingston managing director Andrew Corbett said Ginamwamwa was developing into an outstanding discovery.

“To date we have explored from the haul road more than 500 metres to the east and this has yielded very positive results.

“It’s also important to remember that sampling is yet to be done on the western side of the road, so the final size of this discovery remains untested.

“Current access to Ginamwamwa is from the historical mine roads developed by Placer, allowing easy access to continue exploration work and ultimately drilling at the prospect.”

READ: Kingston Resources back to drilling at Livingstone Gold Project

Ginamwamwa remains open to the west and further mineralisation is being identified by ongoing mapping to the east.

Mapping and sampling will continue to move eastward and Kingston is confident this will broaden the scale of the prospect.

The company has collected over 600 channel samples with assays still pending and intends to generate drill targets for 2019.

READ: Kingston Resources’ results confirm high-grade gold zones at Livingstone project

The visible gold observed is associated with ferruginous oxidised quartz veins outcropping in channels excavated by Kingson’s exploration team.

Visible gold is rare and the Umuna mineralisation is categorised as a low-sulphidation epithermal.

Observations of coarse visible gold in quartz veins with a sulphide association at Ginamwamwa are thus an unusual phenomenon for the project.

Ginamwamwa is outside of the Umuna Fault Zone which contains the bulk of the current 2.8 million-ounce Misima JORC resource.

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Wed, 26 Sep 2018 02:18:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205710/kingston-resources-finds-visible-gold-bearing-veins-at-prospect-near-misima-gold-project-205710.html
<![CDATA[News - Kingston Resources finds up to 8.45 g/t at historic Ara Creek mine in PNG’s Misima North ]]> https://www.proactiveinvestors.com.au/companies/news/205090/kingston-resources-finds-up-to-845-gt-at-historic-ara-creek-mine-in-pngs-misima-north-205090.html Kingston Resources Ltd (ASX:KSN) has shared auger assays of up to 4.18 g/t gold from a prospect at its flagship Misima Gold Project in Papua New Guinea.

The company reported its auger drilling program over the Ara Creek prospect defined a gold anomaly that was more than 400 metres long and open along strike.

READ: Kingston Resources back to drilling at Livingstone Gold Project in WA

Kingston reported its field team had surveyed five historic underground adits within the creek area, with rock chips from the entrances to the horizontal passages to the mine grading up to 8.45 g/t gold.

The area was mined underground before World War II and is about 2.2km from the north coast at Siagara village, 2.5km north of the Umuna pit and in the middle of Misima North region.

Placer Mines explored the area between 1992 and 1994, undertaking soil and channel sampling at Ara Creek area and finding significant surface mineralisation.

Misima Mines also undertook conventional soil sampling at the site and drilled intersections such as 10 metres at 3.20 g/t gold from surface in one hole and 12 metres at 2.05 g/t from surface in another.

READ: Kingston Resources sampling shows potential to add to 2.8 million ounce Misima gold bounty

Ara Creek prospect is in the Misima project’s Misima North area on what is interpreted to be a northern continuation of the Umuna Fault Zone (UFZ).

UFZ’s southern end hosts most of the project’s 2.8 million-ounce Misima JORC resource.

The company told the market: “The northern extension is relatively under-explored, despite having similar scale to the historic Umuna area, with well over 3 kilometres of prospective shear, historic underground workings, and strong geochemical indicators.”

Kingston managing director Andrew Corbett said: “These auger and rock chip values again highlight the vast and immediate exploration upside that exists across Misima.

“We are only just scratching the surface in terms of exploration at Misima and it is becoming clear that there are still multiple zones and new areas across the island that remain undiscovered.”

The company will continue to share results from its rock chip sampling, trenching, auger drilling and diamond drilling efforts over the coming months.

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Tue, 18 Sep 2018 02:40:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205090/kingston-resources-finds-up-to-845-gt-at-historic-ara-creek-mine-in-pngs-misima-north-205090.html
<![CDATA[News - Kingston Resources back to drilling at Livingstone Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/204513/kingston-resources-back-to-drilling-at-livingstone-gold-project-204513.html Kingston Resources Ltd (ASX:KSN) has resumed drilling at the Livingstone Gold Project, northwest of Meekatharra in Western Australia, with contractors mobilising at site last week.

The 9,000-metre reverse circulation (RC) and aircore program aims to extend and infill mineralisation identified in the previous round of reconnaissance drilling.

Previous drilling identified grade along strike length of 2 kilometres at the Kingsley prospect, with results including 5 metres at 6.56 g/t gold.

Holes will also be drilled at the Drake and Dampier prospects to further define both areas.

READ: Kingston Resources’ results confirm high-grade gold zones at Livingstone project

Kingston managing director Andrew Corbett said the company was excited to be back drilling after receiving excellent results from its last program.

Corbett said: “The initial target, Kingsley, is located within the Livingstone’s Find area which is our biggest geochemical target.

“We’ve only properly tested a relatively small part of it and it’s already generated some great results.”

READ: Kingston Resources confirms broad gold zones at its Livingstone Gold Project

The Livingstone Gold Project covers a 204 square kilometre area of the Peak Hill mineral field in the western Bryah Basin.

Historic mining at Livingstone’s Find, the largest historic producer in the Robinson Range sheet area, amounted to 1,260 ounces at an average of 21.85 g/t.

Kingston’s initial drilling program focused on following up historic high-grade intersections at Homestead, which hosts an inferred resource.

Livingstone’s Find is the site of historic mining but has undergone limited exploration work.

Historical drilling returned intercepts such as 14 metres at 2.71 g/t and a single fence drilled in 1997 returned 4 metres at 2.29 g/t and 1 metre at 4.1 g/t all near surface.

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Mon, 10 Sep 2018 03:53:00 +1000 https://www.proactiveinvestors.com.au/companies/news/204513/kingston-resources-back-to-drilling-at-livingstone-gold-project-204513.html
<![CDATA[News - Kingston Resources results confirm high-grade gold zones at Livingstone project ]]> https://www.proactiveinvestors.com.au/companies/news/203263/kingston-resources-results-confirm-high-grade-gold-zones-at-livingstone-project-203263.html Kingston Resources Ltd (ASX:KSN) has received high-grade gold results in final assays from drilling at the Livingstone project in Western Australia which confirm broad gold zones.

Aircore drilling at the Kingsley prospect has defined 900 metres of mineralisation with the prospect being open along strike to the west.

Best results are 5 metres at 6.56 g/t gold from 49 metres, 3 metres at 5.82 g/t from 8 metres and  5 metres at 2.73 g/t from 13 metres.

READ: Kingston Resources confirms broad gold zones at its Livingstone Gold Project

Kingston Resources managing director Andrew Corbett said Livingstone was proving to be a valuable asset with real upside potential.

“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,” he said.

Potential of structure

The newly reported intersections highlight the potential of this structure.

Broad-spaced drilling suggests it sits parallel to and south of the western-most line of old workings previously known as Mt Seabrook 1 and 2.

The significance of parallel lodes is that they have not been previously identified or developed by the old workings nearby.

Groups of shafts may be linked

A hole 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 2-kilometres of known strike and are open to the east and west.

Encouraging work at other prospects

Final assay results also confirm mineralisation on several holes at the Dampier, Drake and Stanley prospects.

Initial results are encouraging and the company will continue work to determine the size and scale of each prospect.

Further aircore and reverse circulation drilling is expected to begin in September across the broader project area.

READ: Kingston Resources sampling shows potential to add to 2.8 million ounce Misima gold bounty

Corbett adds, “The company also looks forward to updating shareholders on results from drilling at our flagship Misima Gold Project in PNG and the commencement of additional drilling at Livingstone in the coming weeks.”

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Tue, 21 Aug 2018 12:47:00 +1000 https://www.proactiveinvestors.com.au/companies/news/203263/kingston-resources-results-confirm-high-grade-gold-zones-at-livingstone-project-203263.html
<![CDATA[News - Kingston Resources sampling shows potential to add to 2.8 million ounce Misima gold bounty ]]> https://www.proactiveinvestors.com.au/companies/news/202804/kingston-resources-sampling-shows-potential-to-add-to-28-million-ounce-misima-gold-bounty-202804.html Kingston Resources Ltd (ASX:KSE) has received positive sampling results which indicate potential to add to the 2.8 million ounce gold resource at the Misima project in Papua New Guinea.

The results have been returned from sampling at the Ginamwamwa prospect, which is south of the Umuna Pit.

Sampling increases strike length

Surface mineralisation has now been identified over at least 500 metres of strike length.

Kingston’s managing director Andrew Corbett said: “Recently completed work at Ginamwamwa is uncovering a highly prospective new area of mineralisation.

“Our very capable in-country team has been working closely with artisanal miners and is beginning to develop a broader understanding of the area.

“The initial high-grade results that we have received over a plus-500 metre strike length are most encouraging.

Sampling and mapping continues

“Channel sampling and structural mapping activities continue at the prospect which will pinpoint future drilling targets.

“It is also important to note that this area is a new discovery so none of the mineralisation is included in our current 2.8 million ounce resource.”

READ: Kingston Resources confirms broad gold zones at its Livingstone Gold Project

An intensively sampled area of closely spaced artisanal workings on the southern side of Ginamwamwa averaged 4.91 g/t gold, within an area of about 40 metres in diameter.

About 200 metres northeast, a channel dug perpendicular to the interpreted strike of mineralisation intersected a 25-metre mineralised zone averaging 1.67 g/t including samples up to 16.9 g/t.

Excavator in use

Kingston is excavating costeans with an excavator to accelerate the progress.

Corbett said: “Our exploration activities are progressing well across the Misima project, which include more mapping, channel sampling, auger sampling and drilling.

“Next assay results from recent drilling will be finalised towards the end of the month after which time we will be able to provide shareholders with a steadier stream of results.

“Misima is shaping up as a great asset with significant upside.”

Kingston also advises that two structural targets over the Umuna Shear at Misima North have been tested for geochemical anomalism by initial gridded auger sampling programs with results expected this quarter.

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Tue, 14 Aug 2018 12:45:00 +1000 https://www.proactiveinvestors.com.au/companies/news/202804/kingston-resources-sampling-shows-potential-to-add-to-28-million-ounce-misima-gold-bounty-202804.html
<![CDATA[News - Kingston Resources confirms broad gold zones at its Livingstone Gold Project ]]> https://www.proactiveinvestors.com.au/companies/news/200032/kingston-resources-confirms-broad-gold-zones-at-its-livingstone-gold-project-200032.html Kingston Resources Ltd (ASX:KSN) has defined broad zones of gold mineralisation over a strike length of 2.2 kilometres at is Livingstone Gold Project in Western Australia’s Mid West region.

Along with composite assay grades as high as 7.01 g/t, drilling at the Kingsley deposit has highlighted the potential of the main line of historic workings.

Gold has been identified up to 850 metres west of the historic shafts and the prospect remains open along strike, greatly increasing the possible size of the mineralised zone.

Highlighted intersections from Kingsley include 4 metres at 7.01 g/t gold from 8 metres; 24 metres at 1.4 g/t from 32 metres, including 4 metres at 6.60 g/t; and 8 metres at 2.04 g/t from 12 metres.

New area of mineralisation confirmed

Kingston has confirmed a new area of gold mineralisation northwest of the historic workings at the Dampier prospect.

First identified in auger sampling by Kingston, Dampier is around 500 metres long with mineralisation open along strike to the west and east.

Intersections from Dampier include 4 metres at 2.61 g/t gold from 16 metres and 4 metres at 1.76 g/t from 24 metres.

READ: Kingston Resources to acquire advanced gold exploration project

Kingston managing director Andrew Corbett said the initial results were a great start to exploration around Livingstone’s Find.

“It’s a big area with geochemical anomalies over 5 kilometres of strike, so we have a lot more drill testing to do,” he said.

“Getting grades like this in our first round of air-core drilling is a fantastic start.

“We’ll head back to site and re-sample all these anomalous composites as soon as possible, and we expect to be back there with an RC rig for the next round of drilling later in the year.”

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Tue, 03 Jul 2018 18:50:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200032/kingston-resources-confirms-broad-gold-zones-at-its-livingstone-gold-project-200032.html
<![CDATA[News - Kingston Resources raises $4.3 million to advance gold project in Papua New Guinea ]]> https://www.proactiveinvestors.com.au/companies/news/191182/kingston-resources-raises-43-million-to-advance-gold-project-in-papua-new-guinea-191182.html Kingston Resources Ltd (ASX:KSN) will use $4.3 million raised in an oversubscribed placement to advance exploration at the 2.8 million ounce Misima Gold Project in Papua New Guinea.

Success of the placement to institutional and sophisticated investors has resulted in the company launching a share purchase plan to existing shareholders to raise up to $1 million.

Share purchase plan offered

The share purchase plan is offered at the same issue price as the placement, being $0.022 per share.

It is designed to allow smaller shareholders to participate on the same terms as the larger institutional investors.

Placement receives strong support

The placement received strong support from recognised Australian and international institutional investors alongside sophisticated investors.

Kingston is now well-funded, with cash of more than $6 million, prior to the share purchase plan.

This will enable the company to pursue its 2018 drilling programs at Misima as well as at the Livingstone Gold Project in Western Australia.

Kingston is focusing on its flagship Misima project on Misima Island.

The Misima Gold Project is on Misima Island in PNG's east

In the near term Kingston intends to re-establish its presence on the island and logistics support before undertaking exploration.

This will include continuing geochemical surveys and extensional and infill drilling at the known Misima resource.

The company shortly intends to sign an initial drilling contract and mobilise a drill rig.

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Tue, 06 Feb 2018 11:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/191182/kingston-resources-raises-43-million-to-advance-gold-project-in-papua-new-guinea-191182.html
<![CDATA[News - Kingston Resources enters merger talks ]]> https://www.proactiveinvestors.com.au/companies/news/183124/kingston-resources-enters-merger-talks-183124.html Kingston Resources Ltd (ASX:KSN) has revealed this morning that it is in merger talks, and the ASX has granted the company a trading halt to prepare details.

Kingston has a portfolio of lithium and gold projects in Australia.

The halt will remain in place until the opening of trade on Friday 1st September 2017, or earlier if an announcement is made to the market.

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Wed, 30 Aug 2017 10:23:00 +1000 https://www.proactiveinvestors.com.au/companies/news/183124/kingston-resources-enters-merger-talks-183124.html
<![CDATA[News - Kingston Resources intersects lithium at Bynoe project ]]> https://www.proactiveinvestors.com.au/companies/news/181104/kingston-resources-intersects-lithium-at-bynoe-project-181104.html Kingston Resources (ASX:KSN) has intersected promising lithium mineralisation from the first phase of reverse circulation drilling at the Bynoe project in the Northern Territory.

A programme at the Lei prospect intersected lithium mineralisation, with a best result of 12 metres at 1.43% lithium.

Subsequent surveys using Deep Ground Penetrating Radar technology (DGPR) indicate that this pegmatite has a north-easterly strike, and a second large pegmatite may be located 180 metres east.

Follow up drilling is now being planned to continue testing the Lei area.

Further north at the Cai prospect, drill testing beneath a north-south soil anomaly intersected pegmatites, returning assays of up to 0.3% lithium.

These results, as well as high tantalum values of up to 915 ppm tantalum, support the company’s view that Cai remains a prospective area.

Work is already underway to obtain the necessary approvals to recommence drilling at the Bynoe project.

The company is also finalising approvals for a drill programme to test two targets at the Spotted Wonder project within the Arunta region in the Northern Territory.

Kingston holds an attractive portfolio of lithium exploration tenements covering four key project areas.

In Western Australia, the Mt Cattlin and Greenbushes projects are adjacent or near existing lithium mines.

In the Northern Territory, the Bynoe project area is home to some exciting new discoveries and the Arunta project lies within a significant pegmatite field.

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Wed, 19 Jul 2017 15:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/181104/kingston-resources-intersects-lithium-at-bynoe-project-181104.html
<![CDATA[News - Kingston Resources samples high-grade lithium at Spotted Wonder ]]> https://www.proactiveinvestors.com.au/companies/news/175334/kingston-resources-samples-high-grade-lithium-at-spotted-wonder-175334.html Kingston Resources (ASX:KSN) has received a high-grade rock chip assay of 9.63% lithium from outcropping pegmatites within its Spotted Wonder Project in the Northern Territory.

The company holds 1,550 square kilometres of prospective tenure in the region over the Barrow Creek, Utopia and Spotted Wonder mineral fields.

Kingston’s initial soil sampling program comprised 191 samples at a broad grid-spacing of 100 to 200 metres, with target areas infilled to a 25-metre grid.

The program has successfully highlighted a new zone with high lithium-in-soil values over circa 300 metres of strike.

The new lithium prospective area has been named the Delmore Prospect.

The physical appearance and mineral chemistry of the 9.63% lithium sample indicate that it is the lithium phosphate mineral Amblygonite.

Kingston is planning to undertake petrological investigations on the interpreted amblygonite sample to confirm the mineral species.

The company’s sampling program has also confirmed the presence of caesium, tantalum, and lithium-in-soil around historic workings.

Kingston will continue ongoing field work including mapping and additional surface geochemistry at the Spotted Wonder Project, with a view to obtaining drilling approvals later in the year.

The company’s next drilling activity will be at its Bynoe lithium project, where drilling will commence after the Northern Territory wet season.

Kingston is well funded to rapidly advance its exploration projects, with a cash balance of circa $5.1 million as at 31 December 2016.

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Fri, 24 Mar 2017 13:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/175334/kingston-resources-samples-high-grade-lithium-at-spotted-wonder-175334.html
<![CDATA[News - Kingston Resources Ltd to acquire advanced gold exploration project ]]> https://www.proactiveinvestors.com.au/companies/news/169641/kingston-resources-ltd-to-acquire-advanced-gold-exploration-project-169641.html Livingstone is an advanced exploration project with an existing JORC2004 resource of 49,900 ounces gold and a number of high-grade drilling intersections indicating potential for additional discoveries.

The option provides Kingston with a 12-month period to explore the project and can be exercised at any time over this period.

The consideration for the option includes:
- 5.5 million restricted Kingston shares and 5 million Kingston options;
- Twelve-month exploration commitment of $200,000; and
- Upon exercising the option, $300,000 in Kingston shares.

The tenement application covers an area of about 204 square kilometres.

The most advanced prospect is Homestead, originally discovered as a soil geochemical anomaly from work done by Western Mining in the late 1980’s.

Talisman Mining Ltd’s (ASX:TLM) drilling at Homestead culminated in an inferred mineral resource announced in 2007.

The company drilled numerous high-grade intersections, including 18 metres at 7.85 g/t gold from 68 metres and 5 metres at 20.5 g/t gold from 3 metres.

The nearby Winja prospect also hosts high-grade mineralisation which will be a high priority target.

Kingston will initially focus on assessment of development strategies at the Homestead and Winja prospects and further exploration of the extensive Livingstone’s Find soil anomaly.

The company is well funded with $5.4 million cash as at 30 September 2016.

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Tue, 29 Nov 2016 10:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/169641/kingston-resources-ltd-to-acquire-advanced-gold-exploration-project-169641.html
<![CDATA[News - Kingston Resources Ltd eyes lithium in Northern Territory’s largest pegmatite field ]]> https://www.proactiveinvestors.com.au/companies/news/165628/kingston-resources-ltd-eyes-lithium-in-northern-territorys-largest-pegmatite-field-70762.html Kingston Resources Ltd (ASX:KSN) has been granted two tenements within the Bynoe Pegmatite Field, one of the largest and economically important pegmatite fields in the Northern Territory.

The tenements are located at the northern end of the Bynoe Pegmatite Field, within a historic tin-tantalum field that has been identified as a new lithium exploration region.

This area will be an immediate target for near term exploration, including rock chip sampling and soil sampling with an aim to identify drilling targets.

Kingston’s Bynoe project is strategically located with sealed road access to the tenements and 1-hour drive from the Darwin International airport.

Importantly, Kingston could benefit from freight cost saving via access to the multi user facility of Darwin Port, Australia’s nearest port to Asia.

Kingston now controls one of the largest lithium tenement portfolios in the Northern Territory, with over 2,000 square kilometres of tenure at Bynoe, Wingate and the Northern Arunta.

The company is expecting the majority of the remaining Bynoe applications to be granted in the coming months.

Incidentally, Kingston is also carrying out soil sampling, mapping and rock chip sampling at the Mt Cattlin lithium project in Western Australia.

Kingston’s share price has increased by about 44% since the start of 2016.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 31 Aug 2016 13:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165628/kingston-resources-ltd-eyes-lithium-in-northern-territorys-largest-pegmatite-field-70762.html
<![CDATA[News - Kingston Resources Ltd identifies sizeable lithium target at Mt Cattlin ]]> https://www.proactiveinvestors.com.au/companies/news/165627/kingston-resources-ltd-identifies-sizeable-lithium-target-at-mt-cattlin-70613.html Kingston Resources Ltd (ASX:KSN) has identified two parallel zones measuring up to 650 metres of anomalous lithium at the Deep Purple South prospect within the Mt Cattlin project in Western Australia.

Recent work, including a 900-point soil sampling program as well as ongoing mapping and rock chip sampling, has confirmed the potential of the Deep Purple South target.

Previous rock chip assays have graded up to 3.25% lithium.

The Kingston exploration team have now identified multiple target areas for follow up and drilling.

The approvals process for drilling is well underway with base line environmental studies and heritage clearance to commence in September.

Furthermore, 2 kilometres south of Deep Purple South, a second, previously unknown lithium in soil anomaly has been
identified with a strike length of 600 metres.

Kingston’s Western Australian lithium projects, Mt Cattlin and Greenbushes are both near to existing lithium mines.

The company is well funded to advance its exploration program, with the initial focus being the identified Mt Cattlin pegmatite targets.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Tue, 23 Aug 2016 13:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165627/kingston-resources-ltd-identifies-sizeable-lithium-target-at-mt-cattlin-70613.html
<![CDATA[News - Kingston Resources Ltd seeks lithium riches near operating mine ]]> https://www.proactiveinvestors.com.au/companies/news/137876/kingston-resources-ltd-seeks-lithium-riches-near-operating-mine-69786.html Kingston Resources Ltd (ASX:KSN) has received encouraging results from an initial rock chip sampling program at the recently acquired Mt Cattlin lithium project in Western Australia.

The Mount Cattlin package lies 14 kilometres from the 16 million tonnes at 1.08% Li2O resource and Mt Cattlin lithium mine operated by Galaxy Resources Ltd (ASX:GXY).

The rock chip results, including 3.23% Li2O and 2.76% Li2, were obtained from the Deep Purple South prospect, part of the Mt Cattlin tenements granted to Kingston last month.

Earlier this month, Kingston raised $6.01 million from investors toward the acquisition and exploration of 20 lithium-prospective tenement applications in Western Australia and the Northern Territory.

The company’s primary focus is now on lithium and covers four key project areas - Mt Cattlin, Greenbushes, Bynoe/Wingate and North Arunta.

The Greenbushes tenement is situated south of Talison Lithium’s (TSE:TLH) Greenbushes mine, the largest hard rock lithium mine in the world.

Andrew Corbett was appointed as managing director of Kingston earlier this month as part of a management reshuffle, setting the stage for a new era at Kingston.

The company has now started a detailed exploration campaign at Mt Cattlin, with the soils program commencing this week, followed by mapping and surface sampling.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 13 Jul 2016 14:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/137876/kingston-resources-ltd-seeks-lithium-riches-near-operating-mine-69786.html
<![CDATA[News - Kingston Resources Ltd in $6.85M cash raiser for WA lithium projects ]]> https://www.proactiveinvestors.com.au/companies/news/137875/kingston-resources-ltd-in-685m-cash-raiser-for-wa-lithium-projects-68607.html Kingston Resources Ltd (ASX:KSN) will raise $6.85 million from an oversubscribed share placement to support the company’s plan to acquire four key lithium fields in Western Australia and the Northern Territory.

The deal involves 20 lithium-prospective tenement applications in Western Australia and the Northern Territory covering four key project areas - Mt Cattlin, Greenbushes, Bynoe/Wingate and North Arunta.

The Mount Cattlin package lies to the south of the Mt Cattlin lithium mine owned by Galaxy Resources Ltd (ASX:GXY).

Consideration for the transaction comprises a cash payment of $500,000 payable in two tranches and the issue of 165 million Kingston shares, worth $5.12 million valued at Kingston’s last traded price.

While the Greenbushes tenement lies immediately south of Talison Lithium’s (TSE:TLH) Greenbushes mine, the largest hard rock lithium mine in the world.

Up to 180 million Kingston shares will be issued if one or more of the tenements contain inferred mineral resources of at least 10 million tonnes at minimum 1% Li2O.

Upon completion of the transaction, Andrew Corbett will be appointed as managing director of Kingston.

Bell Potter managed the capital raising.

The new lithium project acquisition are having a positive impact on the company’s share price, which has increased by about 94% during the past month.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 16 May 2016 11:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/137875/kingston-resources-ltd-in-685m-cash-raiser-for-wa-lithium-projects-68607.html
<![CDATA[News - Kingston Resources Ltd set to reveal acquisition, raising ]]> https://www.proactiveinvestors.com.au/companies/news/137874/kingston-resources-ltd-set-to-reveal-acquisition-raising-68518.html Kingston Resources Ltd (ASX:KSN) has plenty of news to come this week, in the form of an acquisition, and subsequent capital raising.

Just last month the company pegged two lithium tenements in Western Australia.

To prepare the announcements, the ASX has granted the company a trading halt.

The halt will remain in place until the opening of trade on Thursday 12th May 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 10 May 2016 11:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/137874/kingston-resources-ltd-set-to-reveal-acquisition-raising-68518.html
<![CDATA[News - Kingston Resources pegs new lithium tenements in Western Australia ]]> https://www.proactiveinvestors.com.au/companies/news/137873/kingston-resources-pegs-new-lithium-tenements-in-western-australia-68288.html Kingston Resources Limited (ASX:KSN) has its eyes on lithium after pegging two new exploration licence (EL) applications argeting lithium mineralisation on the Yilgarn Craton of Western Australia.

EL74-589 (Manyutup) lies immediately south of the Mt Cattlin spodumene mine and EL74-577 (Recruit Hill) covers a salt lake identified by Geoscience Australia as having high potential to host lithium and potash mineralisation.

Located in southern Western Australia adjacent to the township of Ravensthorpe, Manyutup covers the contact between the Annabelle Volcanics and the Manyutup Tonalite within the Yilgarn Craton.

The Annabelle Volcanics contains lithium-cesium-tantalum pegmatites which are prospective for lithium mineralisation and host the Mt Cattlin spodumene deposit, owned by Galaxy Resources Limited (ASX:GXY).

Initial investigation of previous exploration within Manyutup indicates the bulk of existing soil grids explored for base metals, but did not assay for lithium.

Located in southern Western Australia, the second license application Recruit Hill covers a non-perennial salt lake and quaternary dunes system.

Kingston is targeting lithium within brines associated with the salt lake groundwater system. An independent investigation by Geoscience Australia in a 2013 report highlighted the potential of the area to host lithium and potash mineralisation.

These two applications expand Kingston’s portfolio of lithium tenements following the three lithium focused applications pegged by the company within the Arunta Region of the Northern Territory announced in March 2016.

The share price of Kingston has doubled since the beginning of 2016.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Wed, 27 Apr 2016 13:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/137873/kingston-resources-pegs-new-lithium-tenements-in-western-australia-68288.html
<![CDATA[News - Kingston Resources Ltd granted ASX halt to respond to price query ]]> https://www.proactiveinvestors.com.au/companies/news/137872/kingston-resources-ltd-granted-asx-halt-to-respond-to-price-query-67502.html Kingston Resources Ltd (ASX:KSN) soared 240% in intra-day trade today to $0.017, and the company has now been granted a trading halt.

Kingston requested the halt to respond to an ASX price query.

The halt will remain in place until the opening of trade on Wednesday 16th March 2016, or earlier if an announcement is made to the market.

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 14 Mar 2016 19:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/137872/kingston-resources-ltd-granted-asx-halt-to-respond-to-price-query-67502.html
<![CDATA[News - Kingston Resources Ltd among ASX % Gainers intra-day ]]> https://www.proactiveinvestors.com.au/companies/news/137871/kingston-resources-ltd-among-asx-gainers-intra-day-67491.html Monday's leading ASX % Gainers intra-day.

Company NameCodeLastChangeVolume Kingston Resources Ltd
KSN $0.016 220% 1,680,000 Blina Minerals NL BDI $0.002 100% 300,000 Medigard Ltd
MGZ $0.025 66.67% 143,000 Drake Resources Limited
DRK $0.005 66.67% 3,004,990 Tawana Resources N.L. TAW $0.003 50% 350,000 Redcliffe Resources Ltd
RCF $0.004 33.33% 1,200,000 Aspire Mining Ltd
AKM $0.008 33.33% 221,738 Terracom Ltd
TER $0.008 33.33% 235,000 Triple Energy Ltd
TNP $0.010 25% 470,000 Sundance Resources Limited
SDL $0.005 25% 19,803,424

 

Proactive Investors is a global leader reporting financial news, media, research and hosts events for listed emerging growth companies and investors across four continents.

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Mon, 14 Mar 2016 14:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/137871/kingston-resources-ltd-among-asx-gainers-intra-day-67491.html