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Kingston Resources Ltd.
Summary
| Project: | Livingstone | |
|---|---|---|
| Deposit: | Kingsley | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/21/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-8-2018: Kingston Resources Ltd. announces an Exploration/Drilling Update report for its Kingsley deposit at the Livingstone project. Drilling results incl. 5m @ 6.56g/t Au from 49.0m. Kingston Resources Limited (Kingston or the Company) is pleased to r | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Andrew Paterson (Internal) | |
| ABSTRACT: | Kingston Resources Limited (Kingston or the Company) is pleased to report final assay results from the recently completed air-core drilling at the 75% owned Livingstone Gold Project in Western Australia. The Kingsley Prospect is 2 km long and currently has 900m of defined mineralisation (Figure 1), the prospect is open along strike to the west. Intersections such as 5m @ 6.56g/t Au including 1m at 21.8 g/t Au (KLAC008) and 3m @ 5.82g/t Au (KLAC006) highlight the potential of this structure, with the current broad-spaced drilling suggesting it sits parallel to and south of the western-most line of old workings previously known as Mt Seabrook 1 & 2. The significance of parallel lodes is that they have not been previously identified or developed by the old workings nearby. Hole KLAC030 (5m @ 2.73g/t Au, including 2m @ 5.27g/t Au) drilled mid-way between the two groups of old workings suggests there may be potential for additional mineralisation linking the groups of shafts together. The two zones of mineralisation now span over 2km of known strike and are open to the east and west. The interpreted trends of mineralisation at Kingsley are shown in Figure 2 below. The final assay results also confirm mineralisation on several holes at the Dampier, Drake and Stanley prospects. Initial results at these prospects are encouraging and the Company will continue work to determine the size and scale of each prospect. Kingston Resources Limited Managing Director, Andrew Corbett said: “The assay results from the drill program at Livingstone are encouraging as the project continues to provide the Company with highly prospective areas of mineralisation. Assays from the Livingstone’s Find area continue to show significant grade, thickness and continuity. Gold mineralisation occurs at multiple prospects within the area. Further drilling will commence in September. | |
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