Kingston Resources Ltd

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

The assay results add scale and grade to the growing gold deposit.

Kingston has projects in WA and PNG

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.”

Quick facts: Kingston Resources Ltd

Price: $0.02

Market: ASX
Market Cap: $29.89 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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