Kingston Resources Ltd (ASX:KSN) has fielded solid results from five diamond drill holes at the proposed Pearse North open pit project area, part of the Mineral Hill Project in central NSW.
Four of five holes hit mineralisation of more than 1.0 g/t gold, with results up to 3 metres at 6.03 g/t gold and 54 g/t silver from 52 metres of depth.
The holes were designed to penetrate the proposed pit wall of KSN’s open pit design, offering valuable geotechnical data for further planning.
Results are a “welcome bonus”
“We are pleased with the results of the recent drill program at Pearse North,” Kingston Resources managing director Andrew Corbett said.
“The high-grade mineralisation intersected in these holes validates the existing resource model and adds to our confidence in the potential of this project.
“The primary objective of these holes was to collect geotechnical data for open pit wall designs. However, the high-grade results are a welcome bonus and further support our plans to develop Pearse North as an open pit mine.
“We are excited about the potential of Pearse North and believe it can significantly contribute to our company's growth. We look forward to updating the market on our progress in due course.”
The company says these results validate the existing resource model for Pearse North, enhancing KSN’s confidence in the mineral resource estimates’ geometry and grade.
Results of note from this round of drilling include:
- 7.4 metres at 2.91 g/t gold and 27 g/t silver from 0.6 metres;
- 3.6 metres at 4.90 g/t gold and 70 g/t silver from 42.4 metres;
- 3 metres at 6.03 g/t gold and 54 g/t silver from 52 metres;
- 4 metres at 3.35 g/t gold and 90 g/t silver from 22 metres; and
- 9.82 metres at 2.46 g/t gold and 18 g/t silver from 28.1 metres.