The halt will remain in place until the release of the announcement or until the beginning of trade on Friday, May 3, 2019, whichever occurs earliest.
Shares last traded at 1.9 cents.
The company spent about $664,000 on exploration and evaluation work during the March quarter and completed a first pass drilling program, which comprised of 10 holes at the Ginamwamwa prospect.
Kingston Resources managing director Andrew Corbett said with the gold price significantly higher now than when Misima was in operation, these targets are exciting opportunities for Kingston and the potential for near-surface ounces is outstanding.
“It is a very exciting time for Kingston on the ground at Misima – through our structural and geochemical work alongside the development of an updated geological model, we have identified a number of key targets outside the existing resource that have been historically under-explored.”
Two consultants, Greg Cameron and Glen Whalan, conducted technical reviews at Misima during the quarter, which confirmed Kingston’s Ara Creek target as a high-priority setting and identified a linear anomaly west of Umuna over a 2-kilometre strike.
This area is referred to as the Waipuna Lineament and will be tested by additional field exploration in the June quarter.