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Kingston Resources Ltd.
Summary
| Project: | Misima | |
|---|---|---|
| Deposit: | Misima North | |
| Location: | Papua New Guinea | |
| Commodities: | Gold | |
| Date: | 9/18/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-9-2018: Kingston Resources Ltd. announces an Exploration/Drilling Update report for its Misima North deposit at the Misima project. Drilling results incl. 0.5m @ 4.18g/t Au from 0m. Kingston Resources Limited (Kingston or the Company) is pleased to rep | |
| 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 auger results from ongoing regional exploration at its flagship Misima Gold Project in PNG. The auger program, undertaken over the Ara Creek prospect (Figure One), has defined a gold anomaly more than 400m long and open along strike, with individual auger samples assaying up to 4.18g/t Au. Kingston’s field team has also identified and surveyed five historic underground adits within the prospect area, rock chip samples from the entrances to these adits returned values as high as 8.45g/t Au. The Ara Creek prospect, was identified by a review of historic work completed during the early stages of Placer Mines’ exploration in the area, reinforced by structural work Kingston completed earlier in 2018. The prospect is located within the Misima North area on the interpreted northern continuation of the Umuna Fault Zone (UFZ). The southern end of the UFZ hosts the bulk of the current 2.8Moz Misima JORC Resource1 . The northern extension is relatively under-explored, despite having similar scale to the historic Umuna area, with well over 3km of prospective shear, historic underground workings, and strong geochemical indicators. Kingston’s Managing Director Andrew Corbett commented: “These auger and rock chip values again highlight the vast and immediate exploration upside that exists across Misima. We are only just scratching the surface in terms of exploration at Misima and it is becoming clear that there are still multiple zones and new areas across the island that remain undiscovered. The potential of our total project area is just starting to be realised. With rock chip sampling, trenching, auger drilling and diamond drilling, we expect ongoing results across the coming months.” | |
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