- 11 holes drilled at Ewatinona, core sent to lab for assay
- Drilling now underway at new Quartz Mountain targets
- Misima North targets upgraded and drilling planned for next Quarter
- Livingstone heritage agreement complete, drilling to follow
Kingston Resources Limited (“Kingston” or “the Company”) is pleased to provide an update on current exploration activity at its flagship 2.8Moz Misima Gold Project in PNG.
Quartz Mountain Drilling – Ewatinona and Waipuna
11 holes for 1,476m have been completed at the Ewatinona prospect in the Quartz Mountain area. The drilling was designed to provide infill and validation data in an area east of the historic Ewatinona pit previously drilled by Placer during the 1990’s. Each hole also provides important structural data confirming the position and orientation of mineralised breccia zones. Assays are pending on this 11-hole program.
Managing Director Andrew Corbett said: “This is a small program of validation drilling. Now we’re having a fresh look at new target areas nearby which have been highlighted by recent studies and field work”.
Drilling has now moved to a second target in the Quartz Mountain area, Waipuna prospect, which was recently identified by a modern reinterpretation of historic geochemical data combined with geophysics and LiDAR information.
Drilling continues to progress well, with April setting a new monthly record for metres drilled.
Misima North – Ara Creek
Kingston is very excited by the potential at Misima North. Trenching and mapping programs are currently underway ahead of drilling which is planned to commence in the September quarter. Geochemical work in the area has delivered very encouraging high-grade results in a previously under-explored area in the vicinity of the pre-World War II Misima North gold mines. The structural position of Misima North suggests it has potential to be a northern extension of the main Umuna shear zone from which Placer mined 3.7Moz Au and which still hosts 2.6Moz Au of the Misima Resource. There are numerous historic underground workings in the area with records indicating elevated grade. Placer drilled a number of holes in the Misima North area in the early 1990’s, however the Umuna Shear itself has not yet been drilled.
Umuna East has been identified as a potential drill target following a detailed review of LiDAR data and structural analysis by Kingston geologists. Like Misima North, Umuna East hosts an extensive network of geochemical anomalies and is also host to historic underground workings as well as an historic stamp mill. The area has long been the focus of artisanal mining, with local Misimans winning coarse supergene wire gold from mineralised structures at surface.
The existing 2.8Moz Misima resource may already be of sufficient scale to support a potential long life mining operation. Current exploration targets are prioritised with a view towards delivering new near-surface mineralisation. Such targets are likely to have the largest impact on project economics as access to near surface ounces can boost early years’ cash flow while access to the main Misima resource is developed. Please note, no feasibility or pre-feasibility studies have yet been completed to confirm this hypothesis, and investors should be aware that there is currently no certainty of future mine development.
Kingston anticipates drilling each of these regional targets over the balance of 2019 to enable the information to be incorporated in resource updates and subsequently captured into mining studies.
Livingstone Gold Project (Western Australia): Aboriginal heritage survey
Heritage clearance has been granted for further drilling at Livingstone. This follows the conclusion of an Aboriginal Heritage Survey at Livingstone conducted with traditional owners from the Wajarri Yamatji group. Kingston will now progress to infill RC drilling on the Kingsley discovery, moving the prospect towards a maiden mineral resource. The timeline for drilling will be announced once preparations are finalised.
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