Funding from the WA Government Exploration Incentive Scheme will assist with subsequent drilling of the Stanley Deeps target.
() has begun a 5,000-metre resource definition reverse circulation (RC) drilling program at its 75%-owned Livingstone Gold Project, 140 kilometres northwest of Meekatharra in the Bryah Basin of Western Australia.
Knowledge gained from a structural geological review conducted over the Livingstone project, including Kingsley prospect, in late 2019 has enabled Kingston to design the program.
The company aims to define shallow oxide mineralisation that will contribute towards an initial JORC-compliant mineral resource estimate for Kingsley prospect.
“Back out on the ground”
Kingston Resources managing director Andrew Corbett said: “It is great to get back out on the ground advancing our projects following the COVID-19 related lockdowns and border closures in the first half of the year.
“The drilling program underway at Kingsley will be key to unlocking value at the broader Livingstone project as we move towards defining a resource at this prospect, adding to the existing 49,000-ounce (JORC 2004) resource at Homestead.”
Several holes have also been designed to further test potential depth extensions to the known mineralisation.
Surface geology map
Exploration incentive scheme
Kingston has also been successful in securing co-funding for a further 1,000 metres of deep RC drilling at the Stanley Deeps prospect, through Round 21 of the WA Government Exploration Incentive Scheme.
This drilling will be undertaken following completion of the resource definition program at Kingsley.
Corbett said: “We are also looking forward to drilling the conceptual Stanley Deeps target, for which we have been successful in securing co-funding through R21 of the WA Government Exploration Incentive Scheme.
“The scheduled 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 advance.”
Initial results from the Kingsley drilling are expected later next month.
Shares have been almost 10% higher this morning to 23 cents.