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Kingston Resources Ltd.
Summary
| Project: | Misima | |
|---|---|---|
| Deposit: | North Kulumalia | |
| Location: | Papua New Guinea | |
| Commodities: | Gold | |
| Date: | 8/23/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-8-2018: Kingston Resources Ltd. announces an Exploration/Drilling Update report for its North Kulumalia deposit at the Misima project. Drilling results incl. 27m @ 1.08g/t Au, 4.09g/t Ag from 129.0m. Kingston Resources Limited (Kingston or the Company) | |
| 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 assay results from the first two diamond holes at the Company’s flagship 2.8Moz Misima Gold Project in Papua New Guinea. The assays are the first results from an extensive exploration drilling campaign, the first undertaken at the project in almost 20 years. Results include: The holes were drilled in an area known as North Kulumalia (Figure 1), targeting downdip extensions of the southern end of the main Umuna Shear beneath the existing 2.8Moz Au resource. The program is ongoing, with the rig currently working its way north towards the Central Umuna area, beneath the Stage 6 Umuna pit (Figure 3). Drilling is now advancing along the west side of the Umuna Shear, targeting a variety of extensional and infill positions around the Inferred mineral resource. Kingston is currently drilling hole GDD012 (Figure 1). As previously advised, Kingston’s assaying process involves sample preparation and gold fire assays in Lae, PNG followed by multi-element assays in Townsville. The Company will update the market with additional drill results once final assays are available | |
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