Kingston Resources reports high-grade initial hits of up to 28.02g/t gold from Kingsley prospect

by Leena Thomas
Image: Kingston Resources Limited

Kingston Resources Limited (ASX: KSN) has announced outstanding results including initial hits of up to 28.02g/t Au from RC drilling at the Kingsley Prospect at its 75%-owned Livingstone Gold Project, WA.

The company reported that high-grade assays were returned from the first 11 holes (954m) of a 54-hole (4,525m) RC drilling program at the Kingsley Prospect.

Best intercepts include 9m @ 2.73 g/t Au from 67m, including 1m @ 15.84 g/t Au from 67m; 20m @ 1.96 g/t Au from 1m, including 3m @ 4.99 g/t Au from 17m, and 8m @ 4.06 g/t Au from 49, including 1m @ 28.02 g/t from 55m; and 12m @ 2.63 g/t Au from 84m, including 3m @ 8.44 g/t Au from 90m.

KSN said that the initial results support the current mineralisation model, offering further encouragement for the 1.2km of untested strike at Kingsley.

The company announced that an additional ~1,000m RC drilling program is planned to be undertaken at the Homestead deposit, and the high-grade Winja prospect in September.

Livingstone 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 Livingstone Gold 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. The company had historic high-grade intersections at Homestead, which hosts the JORC2004 inferred resource, and the nearby Winja prospect.

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.

Kingston’s 2017 RC drilling program at Homestead had reported KLRC005: 7m @ 12.49 g/t Au from 35m, including 4m @ 19.56 g/t Au from 35m with mineralisation remaining open along strike to the east.

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

Drilling at Kingsley prospect

Kingston had recently completed a Reverse Circulation (RC) drilling program at the Kingsley prospect comprising 54 holes for 4,525m of drilling in 17 lines spaced at ~20m.

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.

The company has now reported that the initial batch of assays has been returned from the first 11 holes (954m) of a 54-hole (4,525m) program completed at the Kingsley Prospect.

KSN said that the program has proved very successful with all 11 drill holes reported to date returning multiple intervals of gold mineralisation at >0.5g/t Au.

High-grade assays from Kingsley

Kingston has now announced outstanding high-grade drilling results from the Livingstone project.

Key highlights from the recently completed program include 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 3m @ 4.99 g/t Au from 17m, and 8m @ 4.06 g/t Au from 49, including 1m @ 28.02 g/t from 55m; KLRC046 12m @ 2.63 g/t Au from 84m, including 3m @ 8.44 g/t Au & 90m; and KLRC042 4m @ 2.81g/t from 12m.

The company said that 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.

Kingston said that further drilling is planned at the Stanley, Homestead, and Winja prospects in September.

KSN said that 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.

Updates and next steps

Kingston announced that the final 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 by the Company in 2019.

Kingston said that it ultimately intends this data to underpin a maiden JORC compliant Mineral Resource Estimate (MRE) for the Kingsley Prospect. KSN said that the maiden JORC compliant resources estimation is expected to commence soon.

The company said that the planned co-funded drilling at Stanley Deeps through R21 of the WA Government Exploration Incentive Scheme was suspended due to difficulties with ground conditions. Kingston said that it now aims to complete this drilling in September.

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

Management statements

Kingston Resources Managing Director, Andrew Corbett, said: “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.”