The broad, shallow results in the final batch of assays from remaining holes of a 50-hole reverse circulation (RC) drilling program completed in July have been received as the company resumes drilling.
These assays include numerous strong results and confirm wide zones of shallow mineralisation containing higher grade intersections that correlate well with previously reported results.
The results will underpin work on the maiden mineral resource estimate for the Kingsley prospect, which is expected to begin during the December 2020 quarter.
Work on maiden resource estimate
Managing director Andrew Corbett said: “We are very pleased with the success of the drilling program at the Kingsley prospect, which has confirmed the continuity of shallow, high-grade mineralisation over a 1-kilometre strike length.
“These final assay results once again include high-grade intercepts within broader widths of significant mineralisation, correlating well with the previously reported results and confirming our understanding of the geological model.
“With all the results now in, work is set to begin on the maiden JORC compliant mineral resource estimate at Kingsley, which we expect will add significant value to this strategically located WA gold project.”
Best intersections from the final holes include:
- 16 metres at 1.49 g/t gold from 2 metres;
- 16 metres at 1.37 g/t from 26 metres, including 2 metres at 5.50 g/t from 34 metres;
- 9 metres at 1.06 g/t from 32 metres; and
- 6 metres at 1.72 g/t from 11 metres.
A reverse circulation drill rig is on-site at Livingstone with drilling underway in a co-funded program at the Stanley prospect through R21 of the WA Government Exploration Incentive Scheme.
This will be followed by around 1,500 metres of RC drilling at the Homestead deposit, which hosts an historical shallow 49,900-ounce JORC 2004 inferred resource, and the high-grade Winja prospect to the south.
Concurrent with Misima mining studies
Corbett continued: “Our exploration program at Livingstone will run concurrently with ongoing mining studies at the flagship 3.2 million Misima Gold Project in Papua New Guinea, where excellent progress is being made.
“As a result of COVID-19 related travel restrictions, we suspended drilling at Misima in late March and we are now well advanced with plans to recommence drilling and look forward to updating the market on this in the near future.”