Kingston Resources Ltd (ASX:KSN) is an ASX listed exploration and development company advancing the 2.8Moz Misima Gold Project in PNG and the Livingstone Gold Project in Australia.

Misima Gold Project: KSN currently owns 49% of Misima and is earning in to 70%. Misima was successfully mined by Placer from 1989 to 2004 producing 3.7Moz Au and 22Moz Ag at a historical LOM cash cost of $US218/oz Au. Alongside the significant remaining in-situ value, KSN considers the exploration upside at Misima to be material, with a number of key targets identified. These include:

  • Umuna East: Mineralised structures on southeast side of Umuna. Up to 1.8km in strike with evidence of high grade, shallow mineralisation.
  • Misima North: >3km untested strike open to the north, supported by historic mining, and geochemistry. Remains under-explored.
  • Umuna Extensions: Existing resource is open along strike and down dip, with both shear-hosted and skarn mineralisation potential.
  • Quartz Mountain: Average hole depth to date 90m. Mineralisation remains open at depth.
  • Ginamwamwa: A recently discovered area of surface mineralisation over 500m in strike, hosting best channel samples of 14m @ 12.2g/t Au and a 40m wide zone with geo chem sampling averaging 4.9g/t Au.

Livingstone Gold Project: Livingstone is an exploration project with an existing JORC2004 Inferred mineral resource of 49,900 ounces and a number of high-grade historic drilling intersections that indicate excellent potential for additional discoveries. Recent drilling by KSN has highlighted broad zones of high grade mineralisation, intercepts include:

  • 5m @ 6.56g/t Au from 49m
  • 3m @ 5.82g/t Au from 8m
  • 5m @ 2.73g/t au from 13m

Plans & Latest Developments:

Misima Gold Project:

  • 2.8Moz Resource, Misima Island PNG

  • Ongoing drilling planned for 2018 to test extensions of the 2.8Moz resource.

  • Fieldwork continues to prove up regional exploration targets with a view for drilling in 2019. Best results include channel samples of 14m @ 12.2g/t at Ginamwamwa discovered early 2018 by KSN.

  • Expenditure to complete earn-in to 70% completed September.

Livingstone Gold Project

  • 49,900oz JORC 2004 Inferred Resource, Meekatharra, WA

  • 2018 drilling confirmed broad zones of high grade mineralisation across multiple target areas.

  • Drilling now underway to follow up on the successful earlier campaign.

Stock Exchange Listing:

ASX:KSN

Market Cap:

$28.1M AUD

Primary Commodities:

Gold

Stage of Development:

Exploration

Countries of Operation:

Australia | Papua New Guinea

Board:

  • Mr Andrew Paterson – Executive Director
  • Mr Andrew Corbett – Managing Director

  • Mr Anthony Wehby – Non-Executive Chairman

  • Mr Stuart Rechner – Non-Executive Director

  • Mr Mick Wilkes – Non-Executive Director

Management:

  • Mr Andrew Corbett – Managing Director
  • Mr Andrew Paterson – Executive Director
  • Chris Drew – Chief Financial Officer

Major Share Holders:

  • Slipstream Resources Ltd 11.1%
  • Sandfire 9.3%
  • Farjoy 9.1%

Kingston Resources Ltd (ASX:KSN) will be showcasing their mining projects to prospective investors at the International Mining and Resources Conference. Claim your complimentary investor pass.