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Kingston Resources Ltd.
Summary
| Project: | Misima | |
|---|---|---|
| Deposit: | Misima | |
| Location: | Papua New Guinea | |
| Commodities: | Gold | |
| Date: | 3/21/2019 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 21-3-2019: Kingston Resources Ltd. announces a Resource Estimation report for its Misima deposit at the Misima project. Exploration target for historic mine stockpile at Misima. Kingston Resources Limited (Kingston or the Company) is pleased to report tha | |
| Resources: | Exploration Target: 3.6Mt @ 0.5g/t Au - 0.7g/t Au | |
| CP/QP: | [Overall Report]: Andrew Paterson (Internal) | |
| ABSTRACT: | Kingston Resources Limited (Kingston or the Company) is pleased to report that a recent LiDAR (Light Detection and Ranging) survey has confirmed the location of a large stockpile of gold mineralised material at our Misima Gold Project in PNG. This near-surface stockpile is not accounted for in the current 2.8Moz gold resource at Misima. The survey has provided a highly accurate and detailed model of the surface terrain which has assisted in identifying historical mining topography, current and historic artisanal mining, as well as identifying potential geological features and determining water drainage patterns. This information will assist and enhance the broader drilling and exploration program. A stockpile of mineralised material left in place by Placer has been confirmed at the Cooktown Dump (Figures 1), a large area adjacent to the Tonowak Pit reported to contain 3.6Mt of low-grade material averaging 0.5 to 0.7g/t Au1 . This dump, which was capped with topsoil and rehabilitated during the closure process, remains intact, with its current position matched against mine survey files created during mine closure. | |
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