Kingston Resources Ltd

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

A highly prospective new area of mineralisation is being uncovered at the Ginamwamwa prospect.

Map of Misima Gold Project and prospects
The project is on Misima Island in Papua New Guinea’s far east

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.

Quick facts: Kingston Resources Ltd

Price: $0.02

Market: ASX
Market Cap: $26.74 m

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Kingston Resources has encouraging new targets at Misima Gold Project in PNG

 Kingston Resources Ltd (ASX:KSN) chief executive officer Andrew Corbett updates Proactive Investors on the favourable drilling targets at the company’s flagship Misima Gold project in PNG. Corbett says Misima is a large project with a 2.8 million ounce resource base, on an island east...

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