For thousands of other reports visit RSC's Mineral Intellingence Map
Kingston Resources Ltd.
Summary
| Project: | Misima | |
|---|---|---|
| Deposit: | Ewatinona | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 7/17/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-7-2019: Kingston Resources Ltd. announces an Exploration/Drilling Update report for its Ewatinona deposit at the Misima project. Drilling results incl. 20.0m @ 1.81g/t Au, 2.5g/t Ag, 41ppm Cu, 1425ppm Pb, 2240ppm Zn. Kingston Resources Limited (Kingsto | |
| Resources: | (Resource, I+I): 82.3Mt @ 1.1g/t Au, 5.3g/t Ag at Misima | |
| CP/QP: | [Overall Report]: Stuart Rechner (Internal) | |
| ABSTRACT: | Kingston Resources Limited (Kingston or the Company) is pleased to report highly encouraging results from an initial program of confirmatory drilling at the key Ewatinona deposit at its flagship 2.8Moz Misima Gold Project in PNG. Ewatinona, which contains a JORC 2012 Inferred Resource of 6.6Mt at 1.0g/t Au for 220,000oz Au1, is located within the Quartz Mountain area of the Misima Gold Project and is the first of a number of areas to be drilled this year as part of an ongoing exploration program. Placer historically mined gold and silver from the Ewatinona, Kobel and Maika pits producing a combined 147,000oz @ 1.77g/t Au2 . The current Ewatinona Resource is less than 2km from the historic mill location. The existing 2.8Moz Resource at Misima may already be of sufficient scale to support a potential long-life mining operation. However, a number of nearby exploration targets have also been prioritised with the objective of delineating new near-surface mineralisation. New shallow deposits with the potential to underpin one or more “starter pits” are likely to have the biggest impact on project economics as access to near-surface ounces can boost cash flow in the early years’ of the operation while access to the main Misima resource is established. Please note, no feasibility or pre-feasibility studies have yet been completed to confirm this hypothesis, and investors should be aware that there is currently no certainty of future mine development. The Quartz Mountain area is one of a number of priority targets which Kingston plans to drill over the balance of 2019. The combination of an existing Resource at Ewatinona, the presence of extensive surface mineralisation and proximity to the historic mill site make it an ideal target for the surface exploration program. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report