Kingston Resources reports further exceptional high-grade assays up to 31g/t Au from Livingstone

by Leena Thomas
Image: Kingston Resources Limited

Kingston Resources Limited (ASX: KSN) has reported outstanding new results including significant high grades within broader zones of strong gold mineralisation from the RC drilling program at the Kingsley Prospect within its Livingstone Gold Project in WA.

The company announced that high-grade assays were returned from a further 25 holes (2,352m) of the 54-hole (4,525m) Reverse Circulation drilling program at the Kingsley Prospect.

Best intercepts include 22m @ 3.65g/t Au from 20m, including 3m @ 20.60g/t Au from 20m, including 1m @ 31.24g/t Au from 20m, and 1m @ 8.25g/t Au from 31m; 10m @ 4.15g/t Au from surface, including 2m @ 8.40g/t Au from 4m; 3m @ 4.02g/t Au from 58m; and 8m @ 3.32g/t Au from 92m, including 2m @ 11.22g/t Au from 92m; 7m @ 2.45g/t Au from 33m; and 3m @ 2.14g/t Au from 23m, and 12m @ 1.67 g/t Au from 29m, including 1m @ 10.52 g/t Au from 29m.

KSN said that the results from the remaining 13 holes (1,219m) are anticipated by the end of September.

The company said that RC drill rig will be mobilised to site by end of September to drill the Stanley target. Kingston said that the rig will also complete an additional ~1,000m RC drilling program at the Homestead deposit and the high-grade Winja prospect.

Livingstone gold project

The Livingstone gold project is an advanced exploration project is located 140km northwest of Meekatharra in the Mid-West region of Western Australia.

The project has an existing JORC2004 Inferred mineral resource of 49,900 ounces, a number of high-grade historic drilling intersections, strong soil anomalies, and historic workings all of which indicate excellent potential for additional discoveries.

Important prospects within the Livingstone project include Stanley, Homestead, and Winja.

Previously reported results from 2017 RC drilling program at Homestead included KLAC005: 7m @ 12.49g/t Au from 35m, including 4m @ 19.56g/t Au from 35m with the mineralisation remaining open along strike to the east.

Prior results at Winja included KLRC014: 18m @ 3.03g/t Au from 55m, including 7m @ 5.15g/t Au from 49m in a chute like structure of high-grade mineralisation

In 2018, Kingston discovered the Kingsley deposit, which now has mineralisation defined over 1km of strike, with potential for at least a further 1km based on existing soil anomalies and historic workings in the region.

Drilling at Kingston

The company had completed a 54-hole (4,525m) program at the Kingsley Prospect in July 2020.

The drilling was designed to define shallow oxide mineralisation and to test the current geological model developed from knowledge gained from the structural review conducted over the wider Livingstone Project, including Kingsley, in late 2019.

Best results from the initial holes (announced in August 2020) included KLRC040 9m @ 2.73 g/t Au from 67m, including 1m @ 15.84 g/t Au from 67m; KLRC048 20m @ 1.96 g/t Au from 1m, including 2m @ 6.90 g/t Au from 17m, and 8m @ 4.06 g/t Au from 49, including 1m @ 28.02 g/t from 55m; and KLRC046 12m @ 2.63 g/t Au from 84m, including 3m @ 8.44 g/t Au & 90m.

Assays returned from 25 RC holes

Kingston announced that a new batch of assays has now been returned from a further 25 holes (2,352m) of the 54-hole program. The company said that the assays from the remaining 13 holes (1,219m) are due by the end of September.

Significant high-grade results

Kingston announced that further exceptional assay results were reported from the 25 RC holes.

Highlights include KLRC079 22m @ 3.65g/t Au from 20m, including 3m @ 20.60g/t Au from 20m including 1m @ 31.24g/t Au from 20m; and 1m @ 8.39g/t Au from 31m;  KLRC078 10m @ 4.15g/t Au from 0m, including 1m @ 5.93g/t Au from surface, and 2m @ 8.40g/t Au from 4m; KLRC068 1m @ 3.70g/t Au from 33m, and 3m @ 4.02g/t Au from 58m, including 1m @ 9.06g/t Au from 60m, and 8m @ 3.32g/t Au from 92m, including 2m @ 11.22g/t Au from 92m; KLRC064 7m @ 2.45g/t Au from 33m, including 1m @ 13.55g/t Au from 38m; KLRC080 3m @ 2.14g/t Au from 23m, and 12m @ 1.67g/t Au from 29m, including 1m @ 10.52g/t Au from 29m; and KLRC070 5m @ 1.47g/t Au from surface, including 2m @ 2.39g/t Au from 1m, and 12m @ 0.97g/t Au from 8m, including 1m @ 6.39g/t Au from 12m.

The company said that the initial results coupled with the latest results further 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.

Updates and next steps

Kingston said that the results from the current program will be incorporated with results from prior RC drilling, the data from the favourable preliminary metallurgical test work, and the diamond drilling program – all completed in 2019.

Kingston said that it ultimately intends this data to underpin a maiden JORC compliant Mineral Resource Estimate (MRE) for the Kingsley Prospect, which will be undertaken by Perth-based Cube Consulting.

The company said that the co-funded drilling at Stanley through R21 of the WA Government Exploration Incentive Scheme is due to commence in late September with a rig due to mobilise to site in by the end of the month.

Kingston announced that this will be followed by a ~1,000m RC program at the Homestead Deposit, which hosts a historic shallow 49,900oz Au (JORC 2004) Resource, and the high-grade Winja prospect to the south.

Management comments

Kingston Resources Managing Director Andrew Corbett said: “We are continuing to see high grade intercepts within broader widths of significant mineralisation in this latest batch of assays, which is a very encouraging development. The drilling is confirming the continuity of shallow, high-grade gold mineralisation over a 1km strike length at the Kingsley Prospect.

I am looking forward to receiving the remaining results in the coming weeks which will allow us to start work on a maiden JORC compliant Mineral Resource Estimate (MRE).

I am also looking forward to getting back into drilling at Livingstone with a rig due back on site by the end of the month to conduct the co-funded drilling at the Stanley target and to undertake further drilling at the Homestead Deposit, which hosts an historic shallow 49,900oz Au (JORC 2004) Inferred Resource1, as well as at the high-grade Winja prospect.

Our ongoing exploration program at Livingstone will run concurrently with ongoing mining studies at the flagship 3.2Moz Misima Gold Project in Papua New Guinea, where we continue to make positive progress.”