Total
0
Shares
Image Sourced ShutterStock
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Kingston Resources has reported encouraging results at its Misima Gold Project in Papua New Guinea
  • Kingstons initial 12-hole diamond drill program at Ewatinona was created to confirm the historic Placer drilling
  • Drilling continues on a second target in the Quartz mountain area, Walpuna prospect

Kingston Resources has reported encouraging results at its Misima Gold Project in Papua New Guinea.

The results were found through an initial program of confirmatory drilling at the Ewatinona deposit.

Ewatinona is located in the Quartz Mountain area of the Misima Gold Project.

Ewatinona is the first of a number of areas to be drilled this year as part of an ongoing exploration program.

Placer previously mined gold and silver from the Ewatinona, Kobel and Maika pits producing a combined 147,000oz @ 1.77g/t Au2. The current Ewatinona Resource is less than 2km from this mill location.

Kingstons initial 12-hole diamond drill program at Ewatinona was created to confirm the historic Placer drilling. One of the results included 20m @ 1.81g/t Au, from 78m, including 3m @ 7.48g/t Au, GDD035

The company decided to complete another hole and is waiting for the results.

Kingston Resources is a metals exploration company which is focused on exploring and developing its gold project in PNG

Drilling continues on a second target in the Quartz mountain area, Walpuna prospect.

KSN by the numbers
More From The Market Herald

" GWA Group (ASX:GWA) completes extension of syndicated banking facility

GWA Group (GWA) has successfully extended its syndicated banking facility.

" Downer (ASX:DOW) refinances $1.4b loan facility

Downer EDI Limited (DOW) has refinanced the group’s inaugural $1.4 billion sustainability linked loan facility, which was established in December 2020.
Quickstep (ASX:QHL) - CEO, Mark Burgess

" Quickstep (ASX:QHL) partners with Swoop Aero

Quickstep (QHL) has signed a strategic supply agreement with Swoop Aero.
Electro Optic Systems (ASX:EOS) - CEO, Dr Ben Greene

" Electro Optic Systems (ASX:EOS) moves ahead with OHB contract

Electro Optic Systems (EOS) will move ahead with a manufacturing contract with OHB Systems after concluding negotiations.