Kingston Resources Ltd (ASX:KSN) reverse circulation (RC) drilling at its 75%-owned Livingstone Gold Project in WA has returned high-grade assay results of up to 17 metres at 3.07 g/t from the Homestead prospect.
Drilling at Homestead comprised five RC holes for 513 metres and was designed to expand on and confirm historical drilling results.
The drilling was undertaken within the existing JORC 2004 inferred resource of 990,000 tonnes at 1.6 g/t gold for 50,000 ounces envelope.
Best intercepts included:
- 17 metres at 3.07 g/t from 14 metres, including 1-metre at 7.94 g/t from 16 metres and 2 metres at 9.36 g/t from 24 metres;
- 7 metres at 3.32 g/t from 27 metres, including 1-metre at 9.74 g/t from 27 metres and 2 metres at 5.08 g/t from 30 metres;
- 11 metres at 1 g/t from 104 metres including 1-metre at 4.97 g/t from 111 metres; and
- 11 metres at 1.18 g/t from 31 metres.
“Confirmed targets and prospectivity”
The company is confident that the positive drilling results pave the way to upgrade the historical resource.
Kingston Resources managing director Andrew Corbett said: “The assay results demonstrate the high-grade nature of gold mineralisation at Livingstone and confirm the grades and widths of historical drilling programs at Homestead which hosts a shallow 50,000-ounce historical (JORC 2004) inferred resource.
“The project-wide geological review that is currently being undertaken has confirmed the prospectivity of existing targets, as well as highlighting new areas of interest that will be incorporated into future exploration programs at Livingstone.
“Our ongoing exploration activities at Livingstone will run in parallel with work programs at our flagship Misima Gold Project in Papua New Guinea, where Kingston has recently released a positive pre-feasibility study and maiden ore reserve that demonstrates the economic viability and compelling economics of the proposed open pit mine development.”
Homestead deposit showing strike extent of interpreted mineralised trends.
Next steps
The campaign improved the confidence in the historical drilling with all holes returning high-grade intercepts of similar grade tenor and widths.
A project-wide geological review is underway over the Livingstone project area and will be completed in the near term.
The aim of the review is to position the targets at Livingstone within a mineral systems model that can be used to formulate a broader, project-wide exploration program for 2021.