Kingston Resources Ltd is an ASX listed exploration and development company advancing the 2.8Moz Misima Gold Project in Papua New Guinea and the Livingstone Gold Project in Australia.
Misima Island is located 625km East of Port Moresby in the Solomon Sea. Misima was previously mined by Placer Dome (1989 to 2004), producing 3.7Moz at an average cost of US$218/oz. over its 15 year mine life.
The Misima Gold Project
The Misima Gold Project is a transformational opportunity for Kingston Resources Ltd, who have been undertaking drilling at the operation since May 2018. Through 2018 KSN tested a range of locations along the Umuna Shear beneath the old pit delivering some impressive results including 40m @ 3.17g/t Au.
In 2019 the key focus for KSN is drill-testing the newly discovered exploration targets at Ginamwamwa, Quartz Mountain and Misima North. The results from KSN’s extensive geochemistry program conducted over these areas through 2018 are highly promising. For example, channel sampling results from Ginamwamwa included results such as 14m at 12.24g/t Au and 36g/t Ag; and 34m at 3.19g/t Au.
The Company’s exploration strategy now is firmly focused on discovering and defining
Kingston Resources Limited Managing Director, Andrew Corbett commented on recent exploration results: “Drilling at Umuna has demonstrated likely extensions to the Central Umuna ore zone which is very encouraging. This section of the resource has
In addition, intersecting potential ore zones in the hanging wall above the Umuna fault zone is beneficial as this material would likely be mined to access the main zone. We’ve now moved the rig down to our Ginamwamwa prospect, where a range of holes
The Livingstone Gold Project
The Livingstone Gold Project is KSN’s second venture which covers 204km2 of the Western Bryah Basin near Meekatharra in WA. The Project hosts an existing JORC2004, inferred mineral resource of 49,900 ounces, a number of high-grade historic drilling intersections, strong soil anomalies and historic workings all of which indicate excellent potential for additional discoveries.
Kingston has already discovered a new prospect at Livingston; Kingsley, which has
The potential for
Notably, KSN remains Patersons Securities preferred entry into the junior gold space, with a current 2.8Moz resource at Misima and exceptional exploration upside. Kingston is now rapidly advancing its exploration strategy across the project with results anticipated in the coming months.