Kingston Resources Ltd (ASX:KSN) has reported further high-grade gold results from drilling at the Pearse North deposit within the Mineral Hill Mine in the Cobar region of New South Wales.
Highly encouraging results have been received from four diamond drill-holes, including:
- 10m (metres) @ 6.0g/t Au (gold), 33g/t Ag (silver) from 72m from hole KSNDDH003
- 3m @ 5.5g/t Au, 6g/t Ag from 31m from hole KSNDDH004
- 11m @ 1.4g/t Au, 8g/t Ag from 136m from hole KSNDDH005 including 4.3m @ 2.4g/t Au, 16g/t Ag from 142m
Phase 1 drilling is now complete, with the program consisting of five diamond drill holes for 655m and 17 reverse circulation (RC) drill holes for 2454m.
Drill hole traces plan of diamond holes completed by Kingston.
The program is designed to confirm the geological model and interpretation of the Pearse North deposit, and to test down dip and along strike extension potential of the mineralisation.
Samples from the RC drill holes completed at Pearse North have been submitted for analysis, with results due in June 2022.
Significant gold-silver intercepts in KSNDDH002 and KSNDDH005 at Pearse North relative to USD$1300 gold ore reserve pit shell.
Kingston managing director Andrew Corbett said: “Kingston’s Chief Geologist, Stuart Hayward, and his team have done a fantastic job in safely completing the company’s maiden exploration program at Mineral Hill.
“Geological modelling is underway for input into a Mineral Resource update anticipated in the third quarter this calendar year, which will provide further support for potential future mining at the Pearse pits following completion of the current tailings processing operation.
“We anticipate receiving the balance of the results from the Pearse North, Southern Ore Zone, Jacks Hut and Missing link drilling in June/July and we look forward to providing the market with further updates.”
Next steps
Mineralisation at Pearse North has not been closed off and will be further tested in the next round of drilling in the second half of 2022.
Reverse circulation and diamond drill hole data sets from this initial phase of drilling will be consolidated with final analytical data expected in June.
Geological modelling is in progress as a key input to a resource update for Pearse North to be completed in Q3 2022.
Historical drill hole data, mining data sets, metallurgical data and geotechnical performance of the Pearse South open pit are being reviewed and compiled for input to a resource update of Pearse South in Q3 2022.
Data compilation and interpretation from drilling completed at SOZ, Jacks Hut and Missing Link will continue with updated geological models due in Q3 2022.