Misima Drilling Commences
Sydney, May 10, 2018 AEST (ABN Newswire) - Kingston Resources Limited (
ASX:KSN) (Kingston or the Company) is pleased to announce that drilling has commenced at the Misima Gold Project. The major diamond drilling campaign is targeting extensions to the existing 2.8Moz gold resource and drill-testing of newly discovered exploration targets at Umuna East Side. Kingston anticipates drilling 10,000m this year. This will be the first gold exploration drilling on Misima for more than 15 years. The arrival of freight barge MV Sea Swallow at Misima in late April was an historic event welcomed by the local community.
Highlights
- Major diamond drilling campaign begins at the Misima Gold Project
- Phase 1 to focus on resource extensions and new exploration targets
- KSN on track to complete earn-in to 70% during Q3 2018
Kingston MD Andrew Corbett commented "We're very excited to be underway with our drilling program. To commence drilling within six months of acquiring Misima is a testament to the Kingston team and a strong demonstration of the support the operation is receiving from the local community. Kingston is thankful for the support from the Misimans who are keen to see the project advancing and have worked with the Company to get drilling started."
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About Kingston Resources Limited
Kingston (ASX:KSN) is a metals exploration company. Currently the Company's priority is the world-class Misima Gold Project in PNG, which contains a JORC resource of 2.8Moz Au, a production history of over 3.7Moz and outstanding potential for additional resource growth through exploration success. Kingston currently owns 70% of the Misima Gold Project.
In addition, Kingston owns 75% of the Livingstone Gold Project, WA which holds a 50koz resource and is the site of ongoing exploration and a number of high-grade historic intersections.
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