Kingston Resources high-grade hits of up to 28 g/t confirm potential of Livingstone Gold Project

Kingston Resources Ltd (ASX:KSN) has received high-grade results of up to 1-metre at 28.02 g/t gold from 55 metres at Livingstone Gold Project near Meekatharra in Western Australia, confirming the potential of the project and the company's mineralisation model. The initial batch of assays have been returned from the first 11 holes of a 54-hole program completed at the Kingsley prospect, which was discovered by Kingston in 2018. This program has proved successful with all 11 drill holes reported to date returning multiple intervals of gold mineralisation at more than 0.5 g/t gold. “Off to a flying start” Managing director Andrew Corbett said: “Our 2020 exploration program at Livingstone is off to a flying start, with the first batch of assays from the recently completed RC program returning some outstanding high-grade intercepts, in several cases within broader widths of significant mineralisation. “We are also looking forward to getting back into drilling at Livingstone in relatively short order to complete the co-funded drilling at the Stanley target and to undertake some further drilling at the Homestead deposit, as well as at the high-grade Winja prospect, which is where Kingston first drilled at Livingstone after acquiring the project in 2017. “The continuing exploration program at Livingstone will run concurrently with ongoing mining studies at the flagship 3.2 million-ounce Misima Gold Project in Papua New Guinea, where PFS work continues to make strong progress.” Shares have been up to 3.6% higher today to 29.5 cents after hitting a new 3-year high of 30 cents earlier this week. Evolving mineralisation model Best intersections include: 9 metres at 2.73 g/t gold from 67 metres, including 1-metre at 15.84 g/t from 67 metres; 20 metres at 1.96 g/t from 1-metre, including 3 metres at 4.99 g/t from 17 metres; 8 metres at 4.06 g/t from 49 metres, including 1-metre at 28.02 g/t; and 12 metres at 2.63 g/t from 84 metres, including 3 metres at 8.44 g/t from 90 metres. These initial results support the evolving mineralisation model, developed from knowledge gained from a structural geological review conducted over the wider Livingstone project, including Kingsley, in late 2019. Maiden mineral resource estimate Results from the current program will be incorporated with results from prior RC drilling, data from the favourable preliminary metallurgical test-work and the diamond drilling program, all completed by the company in 2019. Kingston ultimately intends this data to underpin a maiden mineral resource estimate for the Kingsley prospect. Further drilling is planned at the Stanley, Homestead and Winja prospects in September. Importantly, to date, only 800 metres of this initial discovery has been meaningfully drilled with the mineralisation remaining open to the northwest and east, where a 1.2-kilometre strike length of known mineralisation is yet to be fully tested.