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Kingston Resources Ltd.
Summary
| Project: | Misima | |
|---|---|---|
| Deposit: | Umuna East | |
| Location: | Papua New Guinea | |
| Commodities: | Gold-Silver-Copper-Lead-Zinc | |
| Date: | 1/29/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-1-2020: Kingston Resources Ltd. announces an Exploration/Drilling Update report for its Umuna East deposit at the Misima project. Drilling results incl. 12m @ 1.31g/t Au from 2m. Kingston Resources Limited (ASX: KSN) (Kingston or the Company) is please | |
| 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 report significant intersections of gold mineralisation from the recent drilling campaign at Umuna East, part of its 2.8Moz Misima Gold Project in PNG. The results confirm the presence of significant gold mineralisation close to surface and continuing at depth at Umuna East, which is located just 500m east of the historical Umuna pit and within the existing Inferred Resource. The results are expected to contribute towards a potential upgrade and extension of the Resource. Kingston Resources Managing Director, Andrew Corbett, said: “This is another important step towards our objective of delineating multiple areas of shallow mineralisation which can underpin potential starter pits at Misima. Coming on the back of the great results delivered recently at both Quartz Mountain and Misima North, Umuna East is now also showing excellent potential to host the shallow, low strip mineralisation that our exploration strategy is focused on delivering. “It is a credit to the Kingston exploration team that we now have three areas each with strong potential to provide early mill feed as part of our Misima development strategy. The exploration success in each of these areas also demonstrates the under-explored nature of Misima Island despite the extensive mining history and large-scale resource we already have in place. “Looking ahead, drilling activity is now focused on the Stage 2 drilling program back in the Quartz Mountain area, in particular Ewatinona and Abi as we look to upgrade and potentially expand the Inferred Resource in that area. Following that program, we then plan to return to Misima North and Umuna East for Stage 2 drilling.” | |
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