Kingston Resources intersects 40 metres at 3.17 g/t at Misima Gold Project
The width and grade indicate potential extensions to the main deposit.
Company
ASX:KSN
Kingston Resources Ltd (ASX:KSN) is a gold and copper company, operating the Mineral Hill mine in Cobar, NSW and advancing the 3.8Moz Misima Gold Project in PNG.
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The width and grade indicate potential extensions to the main deposit.
The assay results add scale and grade to the growing gold deposit.
Geochemical assays have indicated large areas of high-grade gold mineralisation.
The gold-bearing veins may be a newly-recognised style of mineralisation at Misima.
Rock chips from the entrances to mine passages featured high-grade gold.
The new program aims to shore up mineralisation at the Kingsley prospect.
Drilling has defined 900 metres of mineralisation at the Kingsley prospect which is open to the west.
Gold has been identified near historic workings and a new area of mineralisation discovered.
The company has also launched a share purchase plan to raise up to $1 million.
The halt will remain in place until Friday 1st September 2017.
Kingston holds an attractive portfolio of lithium exploration tenements.
The program has highlighted a new lithium prospective zone.
It is the largest single project in the immediate Mt Cattlin area.
Kingston Resources Ltd (ASX:KSN) has signed an option agreement to acquire a 75% interest in the Livingstone Gold Project located northwest of Meekatharra in Western Australia.