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Kingston Resources returns up to 35 g/t gold in surface geochemistry at Misima in PNG

The new results will underpin an upcoming diamond drilling program over the next couple of months in the Quartz Mountain area of Misima Gold Project.

Kingston Resources Ltd - Kingston Resources intersects up to 35 g/t gold in recent surface geochemistry at Misima in PNG
An upcoming drilling program will focus on steeply-dipping mineralised breccias

Kingston Resources Ltd (ASX:KSN) has received high-grade results of up to 4.4 metres at 35.00 g/t gold from surface geochemistry at Abi prospect near the site of the historical processing plant at Misima Gold Project in Papua New Guinea.

New preliminary channel samples have highlighted the potential for significant shallow gold mineralisation at Abi, particularly in the vicinity of hole GDD044 which previously delivered strong results.

Initial drilling at Abi delivered an intersection in GDD044 of 23.6 metres at 2.91 g/t from 7.4 metres, including 13.5 metres at 4.60 g/t from 17.5 metres and which in turn included 4.3 metres at 11.58 g/t from 19.1 metres within a breccia unit not previously intersected in historical drilling.

The company has been conducting sampling programs in the Abi area peripheral to GDD044 in order to delineate new surface mineralisation that could indicate a continuation of the same mineralised breccia at depth.

“Outstanding" results”

Managing director Andrew Corbett said: “These outstanding geochemical results continue to build the picture for us at Abi, adding further weight to the rock chip and channel samples reported on September 17 and the exceptional result reported in hole GDD044.

“While it’s still early days with this target, the results so far certainly give us confidence that there is more to come and we are looking forward to seeing what the upcoming drilling can deliver.

“We expect to be drilling a number of follow-up holes at Abi over the coming months, in conjunction with our program at nearby Ewatinona.

“The broader Quartz Mountain region continues to shape up well as we look to deliver on our strategy of identifying potential starter pit areas at Misima with the added benefit of being close to the historical plant site and haul roads.”

Shares up

Investors responded positively to the news with shares up more than 17% to 17 cents.

Final and preliminary assay results from the geochemistry work include:

  • 0.7 metres at 7.73 g/t;
  • 7.7 metres at 20.87 g/t, including 4.4 metres at 35 g/t;
  • 2 metres at 10.50g/t; and
  • 5.2 metres at 3 g/t.

The breccia unit is interpreted to be steeply dipping to the northeast, potentially controlled by the northwest-trending, northeast-dipping Abi fault.

Follow-up planned

Follow-up drilling at Abi has been designed to specifically target extensions of the mineralisation identified in GDD044 and will include two diamond drill holes both to be collared from the same location, east of the GDD044 collar.

The first hole is aimed at intersecting the mineralisation in GDD044, approaching from the east in a scissor design.

This is designed to extend into the footwall in order to test the extent of mineralisation there.

The second hole is designed to test the new high-grade surface results to the southeast, specifically testing the continuation of the mineralised breccia along strike and at depth.

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Price: 0.175 AUD

Market: ASX
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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...

on 1/8/19

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