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Kingston Resources intersects 40 metres at 3.17 g/t at Misima Gold Project

The width and grade indicate potential extensions to the main deposit.
Kingston Resources intersects 40 metres at 3.17 g/t at Misima Gold Project
The project is on Misima Island in Papua New Guinea’s far east

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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