Drilling underway at the Livingstone Gold Project

KSN - March 07, 2017

Highlights

  • Drilling has commenced at the Livingstone Gold Project

  • The initial 2000m of RC drilling will focus on

    • Homestead, which hosts a JORC2004 inferred gold resource of 49,900 oz

    • Winja, where historic drilling hit several high-grade intersections including 18m @ 7.85 g/t

  • An auger geochemical program over Livingstone’s Find is also planned, this is a significant gold-in-soil anomaly over an area with multiple historic mine workings.

Kingston Resources Limited (ASX: KSN) (the Company or Kingston) is pleased to announce that it has received all approvals and has commenced drilling at the Livingstone Gold Project (Figure 1), located northwest of Meekatharra in Western Australia. Livingstone is an advanced exploration project with an existing JORC2004 Inferred mineral resource of 49,900 ounces1 and several high-grade drilling intersections that indicate excellent potential for additional discoveries. Kingston holds an option to acquire 75% of Livingstone, which can be exercised at any time up until 21 December 2017.

The Company has received Department of Mines approvals to commence drilling at Homestead and Winja (Figure 2). Initial drilling is intended to test the high-grade chute structures at both prospects, with holes at Homestead intended to infill the higher-grade zone of near-surface mineralisation and also extend the deposit to the east. Drilling at Winja will concentrate on testing interpreted strike extensions of the high-grade chute to the southeast and northwest of previous intersections.

“We’re excited to be on the ground at Livingstone” commented Managing Director Andrew Corbett. “This is the next stage of our exploration strategy. At Livingstone, we are planning to upgrade the Homestead resource to JORC2012 standard while also extending mineralisation there and at Winja, the results from this initial drill program are expected in April, with a second drill program to follow. Approvals for this second program are expected shortly. In addition, we are very excited about the scale of the Livingstone’s Find anomaly, and we hope to have targets here ready to drill later in the year”.

Read the full announcement here