Kingston Resources Ltd - Outstanding high-grade drilling results confirm potential of Livingstone Gold Project
Kingston Resources Ltd (ASX:KSN)

Outstanding high-grade drilling results confirm potential of Livingstone Gold Project

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Highlights

What's happened?

Kingston Resources Ltd (ASX:KSN "Kingston") has announced high-grade assays from the Kingsley Prospect at its 75%-owned Livingstone Gold Project, WA. The results include the following:

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What are the key highlights?

  1. The high-grade assays returned are only from the first 11 holes (954m) of a 54-hole (4,525m) Reverse Circulation (RC) drilling program. Significantly, all 11 drill holes have returned multiple intervals of gold mineralisation at >0.5g/t Au.
  2. These initial results support the evolving mineralisation model, developed from knowledge gained from a structural geological review conducted over the wider Livingstone Project, including Kingsley, in late 2019.
  3. Importantly, to date, only 800m of this initial discovery has been meaningfully drilled – with the mineralisation currently remaining open to the north-west and east, where a 1.2km strike length of known mineralisation is yet to be fully tested (shown in the image below).
  4. Further drilling is planned at the Stanley, Homestead and Winja prospects in September.

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For further information, please refer to the announcement linked below.

Managing Director's Summary

Andrew Corbett

"Our 2020 exploration program at Livingstone is off to a flying start, with the first batch of assays from the recently completed RC program returning some outstanding high-grade intercepts, in several cases within broader widths of significant mineralisation. I am looking forward to receiving further results in the coming weeks. We are also looking forward to getting back into drilling at Livingstone in relatively short order to complete the co-funded drilling at the Stanley target and to undertake some further drilling at the Homestead Deposit, which hosts an historic shallow 49,900oz Au (JORC 2004) Resource, as well as at the high-grade Winja prospect, which is where Kingston first drilled at Livingstone after acquiring the project in 2017. The continuing exploration program at Livingstone will run concurrently with ongoing mining studies at the flagship 3.2Moz Misima Gold Project in Papua New Guinea, where PFS work continues to make strong progress."

Andrew Corbett
Managing Director, Kingston Resources Ltd
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