Kingston Resources (ASX:KSN) says recent assay results from underground infill drilling at the Southern Ore Zone within the Mineral Hill Mine, located in the Cobar Basin of New South Wales, align with the geological model.
The company says drilling confirmed ‘high-grade’ polymetallic mineralisation, which will support mine planning.
Key assays returned include 2.1m @ 14.28% lead, 3.98% zinc, and 59 grams per tonne silver from 36m; 1.1m @ 7.79 lead, 4.38% zinc, and 46g/t silver from 41m; and 21.4m @ 0.46g/t gold, 1.22% copper, 2.7% lead, 1.96% zinc, and 43g/t silver from 38.6m.
The company will focus on conducting underground diamond drilling and level development at the Southern Ore Zone in the near future, while also producing gold and silver at the Pearse South Open Pit.
CEO Andrew Corbett says the results are a “key step in unlocking the value of Mineral Hill”.
“We are seeing strong copper-equivalent grades with excellent continuity,” Corbett says.
“With multiple production fronts emerging, we are building a pipeline of high-quality ore sources to underpin near-term cash flow and long-term value creation.”
Kingston Resources is a gold and silver producer focused on establishing itself as a mid-tier gold and base metals company with multiple producing assets.
Write to Maddison Elliott at Mining.com.au
Images: Kingston Resources
