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Kingston Resources about to begin resource drilling at Livingstone Gold Project

The Misima Gold Project pre-feasibility study is also underway with appointment of a study manager as well as mining, geotechnical, metallurgical and environmental consultants.

Kingston Resources Ltd - Kingston Resources resource drilling to begin at Livingstone Gold Project in early July
A drill rig is due to mobilise to the Livingstone Gold Project site in early July

Kingston Resources Ltd (AX:KSN) is set to begin a reverse circulation (RC) drilling program next month at Kingsley prospect within the Livingstone Gold Project near Meekatharra in Western Australia.  

The upcoming drilling program has been designed from a structural review conducted over the wider Livingstone project, including Kingsley, in late 2019.

Kingston’s aim is to define shallow oxide mineralisation that will contribute towards an initial maiden JORC-compliant resource estimation, with several holes also having been designed to further test potential depth extensions.

Aiming to define shallow oxide resource

Managing director Andrew Corbett said: “With the COVID-19 restrictions beginning to ease, we are really excited to get the team back out on the ground exploring and creating value for our shareholders.

“With this next round of drilling at Kingsley, we are aiming to define a shallow oxide resource, as a base from which we can grow the project.”

Stanley Deeps drilling

The company has also been successful in securing co-funding for a further 1,000 metres of deep RC drilling at the Stanley Deeps prospect, through R21 of the WA Government Exploration Incentive Scheme.

Corbett continued: “This is the third round of funding received by Kingston through this valued scheme.

“The scheduled exploration program at Livingstone will run concurrently with mining studies at the flagship Misima Gold Project in Papua New Guinea.

“We have made a fast start to the PFS with a number of key appointments already made and work now underway for several key streams. We look forward to reporting the PFS results by year-end.”

This drilling will be undertaken following completion of the resource definition program at Kingsley.

Misima Gold Project 

Kingston also advises that work on a pre-feasibility study for its 3.2 million ounce Misima Gold Project in PNG has begun and is in full swing, with the appointment of a dedicated study manager in early June together with the appointment of mining, geotechnical, metallurgical and environmental consultants.

Engineering consultants have been short-listed with an appointment anticipated in early July.             

Quick facts: Kingston Resources Ltd

Price: 0.245 AUD

Market: ASX
Market Cap: $56.48 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

2 min read