- Kingston Resources (KSN) has recommenced drilling at its Misima Gold Project in Papua New Guinea (PNG) following lifted COVID-19 travel restrictions
- The company will commence an 8000 metre diamond drilling program, which will focus on the Kulumalia area
- Additionally, Misima's pre-feasibility study (PFS) has entered into the final stages and is on track to be completed in the current quarter
- On market close for the day, Kingston is up 5.88 per cent and is trading for 27 cents per share
Kingston Resources (KSN) has recommenced drilling at its Misima Gold Project in Papua New Guinea (PNG) following lifted COVID-19 travel restrictions.
Two diamond drill rigs have arrived at the gold project ahead of an 8000 metre diamond drilling program, focusing on the Kulumalia area.
The program includes infill and extensional drilling at the southeast end of the proposed Umuna pit and follow-up drilling at the Abi Discovery.
Additionally, Misima's pre-feasibility study (PFS) has entered into the final stages and is on track to be completed in the current quarter.
Managing Director, Andrew Corbett, is pleased to have the team back at Misima as the company works towards its goal of bringing the gold project back to production.
"The Kulumalia area is a compelling target that represents the south-eastern extension of our main Umuna deposit and offers strong potential for Resource upgrade and expansion, and we are also looking forward to further testing the exciting emerging discovery at Abi-Kila," he said.
While the company couldn't commence drilling during the pandemic, it worked on a number of other fonts, such as an updated Mineral Resource Estimate, working on the current Misima PFS, and the company has also been able to construct a purpose-built sample preparation laboratory on site.
The on-site lab is expected to reduce costs and improve assay turnaround times.
"I would like to thank our Misima team for sticking with us during what has been a challenging time in PNG - we are grateful to have everyone back in action, and we look forward to further advancing the Misima Gold Project, with the next major milestone being the completion of the PFS, which is anticipated this quarter," Andrew told the market.
On market close for the day, Kingston is up 5.88 per cent and is trading for 27 cents each.