Proactive Investors - Run By Investors For Investors

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

Drilling has defined 900 metres of mineralisation at the Kingsley prospect which is open to the west.
Gold nuggets
High-grade results of up to 6.56 g/t gold have been returned

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.”

View full KSN profile View Profile

Kingston Resources Ltd Timeline

© Proactive Investors 2019

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use