Kingston Resources Ltd (ASX:KSN) has received positive results from drilling at its flagship 2.8-million-ounce Misima Gold Project in Papua New Guinea.
Assay results from another five diamond holes drilled into the main Umuna lode up to December 2018 have been received and follow an intersection of 40 metres at 3.17 g/t gold in hole GDD13 in November 2018.
After successfully drill-testing the Umuna lode at depth, the company decided to use the five diamond holes to target shallower mineralisation beneath the Umuna pit and within the existing 2.8-million-ounce Misima resource to test continuity of grade and structure.
High-grade assays
Highlights from the drilling include:
56 metres at 1.10 g/t gold and 7.1 g/t silver from 110 metres in GDD014, including 4 metres at 4.81 gold and 17.9 g/t silver from 158 metres;
10 metres at 1.25 g/t gold and 1.4 g/t silver from 92 metres in GDD015; and
10 metres at 1.76 g/t gold and 1.5 g/t silver from 151 metres in GDD016.
“Potential for increased thickness and grade”
Kingston Resources managing director Andrew Corbett said: “These fives holes into the northern section of the Umuna resource have confirmed what we had interpreted to be in that area.
“The result in GDD014 demonstrates the potential for increased thickness and grade within the shear, including a high-grade zone of 4.8 g/t gold near the footwall contact.
“We’ve now moved the rig down to our Ginamwamwa prospect where a range of holes are being drilled to test underneath the high-grade supergene gold that we identified at surface through the successful 2018 geochemistry program.
“After completion of the Ginamwamwa program, the rig will move to Quartz Mountain.”
Further exploration drilling
Exploration drilling is planned to continue for the remainder of 2019 heading into 2020.
Further work may involve structural mapping and interpretation, channel sampling orthogonal to mineralised structures and possibly drilling.
- Jessica Cummins