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Kingston Resources Ltd.
Summary
| Project: | Misima | |
|---|---|---|
| Deposit: | Ewatinona | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver | |
| Date: | 4/2/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-4-2020: Kingston Resources Ltd. announces an Exploration/Drilling Update report for its Ewatinona deposit at the Misima project. Drilling results incl. 16m @ 2.16g/t Au, 2.0g/t Ag from 37m. Kingston Resources Limited (ASX: KSN) (Kingston or the Company) | |
| 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 (ASX: KSN) (Kingston or the Company) is pleased to advise that latest diamond drill core assays from Resource definition drilling at the Ewatinona deposit, part of the 2.8Moz Misima Gold Project in PNG, have returned significant zones of mineralisation. Results include These latest results complement the previously-reported positive assays from the three initial holes in the drilling program (see ASX release 12 February 2020), which returned high-grade intersections including The recently completed Resource definition drilling campaign at Misima (see ASX release 30th of March 2020) was designed to define potential shallow starter pit mineralisation to provide mill feed in the early stages of the proposed Misima mining operation. Starter-pit ore offers the opportunity to generate early cash-flow for Kingston while it establishes access to the larger-scale 2.6Moz Umuna Resource. The diamond drill holes reported in this announcement were situated within the existing 220koz Ewatinona Inferred Mineral Resource area (see Figure 1), with drilling designed to confirm existing mineralisation and test the revised structural interpretation as well as potential depth extension. | |
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