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Kingston Resources high-grade trench results deliver new gold target at PNG project

The potential at Umuna East highlights the continued success of Kingston’s campaign to identify areas of shallow mineralisation for potential early-stage, starter pit mill feed for the Misima project.

Kingston Resources Ltd - Kingston Resources reports ‘outstanding’ trenching results at Umuna East deposit at its Misima Gold Project, PNG
Kingston currently owns 77% of the Misima Gold Project in PNG

Kingston Resources Ltd (ASX:KSN) has received high-grade gold results from recent trenching which has defined a new gold target at Umuna East within the 2.8 million-ounce Misima Gold Project in Papua New Guinea.

A new area of trenching adjacent to recent drilling has produced gold mineralisation assaying up to 12.3 g/t.

The work is being done as part of Kingston's strategy to define early mill feed at the project on Misima Island in PNG's far east.

High-grade results

Encouraging initial highlights from the 230-metre-long trench include 26 metres at 2.56 g/t which in turn included 11 metres at 4.69 g/t with a 7-metre section within this returning 6.70 g/t.

Other highlights:

  • 12.5 metres at 1.78 g/t including 5.5 metres at 2.44 g/t and including 1.5 metres at 3.11 g/t;
  • 5.5 metres at 8.16 g/t including 3.5 metres at 12.31 g/t; and
  • 29 metres at 0.75 g/t including 6 metres at 0.85 g/t and including 8 metres at 1.11 g/t.

Kingston Resources managing director Andrew Corbett said: “Umuna East is continuing to emerge as a priority focus for us in terms of delineating areas of shallow mineralisation that can underpin potential starter pits at Misima.

“The latest geochemical results from trenching highlight an exciting new shallow target immediately adjacent to our recent drilling, and in an area with the potential to improve the existing resource.“

Recent drilling results

The trenching was undertaken to follow up the results of the company’s drilling campaign announced in January which confirmed the presence of significant shallow gold mineralisation at Umuna East.

Highlights from that campaign:

  • 12 metres at 1.31 g/t from 2 metres;
  • 14.6 metres at 0.96 g/t from 11.4 metres including 3.6 metres at 1.59 g/t and 3 metres at 1.11 g/t;
  • 10 metres at 0.96 g/t including 4 metres at 1.5 g/t from 28 metres;
  • 6 metres at 2.32 g/t from 80 metres;
  • 4 metres at 1.11 g/t from 37 metres; and
  • 2.3 metres at 2.54 g/t from 125.3 metres.

Misima Gold Project – regional target map.

Next steps

Kingston is drilling the Ewatinona and Abi prospects within the Quartz Mountain area which is expected to contribute to a potential upgrade and possible expansion of the existing 220,000-ounce inferred resource at Ewatinona.

Following completion of this program, it is anticipated that follow-up drilling will be undertaken at Umuna East where the new trench results will guide follow-up drill holes to delineate additional potential gold mineralisation in an untested pocket of Umuna East.

Corbett said: “One of the great things about Umuna East is that, like Quartz Mountain where we are currently drilling, it is situated in an area primed for the utilisation of existing infrastructure such as haul roads.

“Factors like these are expected to materially benefit the future economics of the project.

“Umuna East is showing excellent potential to host the shallow, low-strip mineralisation that our exploration strategy is focused on delivering.

“We will continue to focus on improving our geological understanding of the area with a view to increasing confidence in the resource model.”

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Price: 0.155 AUD

ASX:KSN
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Market Cap: $33.64 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...

on 1/8/19

3 min read