Kingston Resources makes significant near mine discovery at Mineral Hill
Melbourne, Victoria
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November 02, 2023 12:30 PM Eastern Daylight Time
Kingston Resources Ltd (ASX:KSN) MD Andrew Corbett tells Proactive the company has discovered two significant new mineralised structures east of the existing Southern Ore Zone (SOZ) mineral resource, potentially expanding the company's life of mine inventory at the Mineral Hill copper-gold mine in NSW. The standout results include a 22-metre interval containing 0.53 g/t gold, 20 g/t silver, and 0.47% copper. Notably, these new zones are outside the current mineral resource, indicating untapped potential for the region.
Corbett said: “We are very excited to share this significant near-mine discovery of high-grade polymetallic mineralisation at Mineral Hill.
“This is a huge result for Kingston and we’re excited to see how our geological model evolves with this new information.
“To fully grasp the implications of this discovery, we are embarking on follow-up surface drilling in early November.
“This is a pivotal step in expanding our underground Mineral Resources and enriching our company’s life-of-mine inventory.
“This discovery underscores the high confidence we've always had in uncovering additional mineralisation within our mining lease—a key motivation behind our original acquisition of Mineral Hill almost two years ago.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
