Kingston Resources Ltd (ASX:KSN) has confirmed the presence of a new copper discovery in the Southern Ore Zone (SOZ) less than 200 metres from existing underground development at the Mineral Hill Project in central New South Wales.
Drilling generated results of up to 21 metres at 1.49% copper equivalent from 254 metres and a particularly high-grade section of 2 metres at 6.37% copper equivalent from 255 metres.
The new discovery mirrors a recent similar target at the SOZ footwall, confirming the continuity of the mineralised structure there.
On November 1, 2023, Kingston announced a near-mine discovery in drill hole KSNDDH017, which returned a high-grade intersection within a new lode of 12 metres at 3.41% copper equivalent (CuEq) from 405 metres.
“Vast exploration potential”
“We are excited to announce the exceptional results of this follow-up drilling,” Kingston Resources managing director Andrew Corbett said.
“Mineral Hill has an extensive mineral system and we have been eagerly working to showcase the vast exploration potential within the mine and nearby expansion opportunities.
“This achievement marks a significant milestone for Kingston, as it paves the way for further discoveries within the mine.”
Assays from hole KSNDDH019 include:
- 21 metres at 1.49% copper equivalent (CuEq) from 254 metres, including 2 metres at 6.37% from 255 metres, 1 metre at 2.51% from 262 metres and 1 metre at 2.52 from 270 metres; and
- 4 metres at 1.13% CuEq from 383 metres, including 2 metres at 1.86% from 385 metres.
Major technical achievement
“The insights derived from KSNDDH017 and KSNDDH019 are a major technical achievement for the Geology Team,” Kingston Resources chief geologist Stuart Hayward said.
“This latest drill hole not only provides greater confidence in the continuity of this structure but it also expands the near mine potential along strike and down dip of SOZ.
“These intercepts allow us to build our knowledge on the controls on mineralisation at SOZ and broader tenure at Mineral Hill, allowing us to update our deposit-scale geological models across the mineral field and region.”
From here KSN intends to incorporate all drill hole data into an updated geological interpretation to support a mineral resource estimate update in the second half of this financial year.