Mineral Hill Drilling Yields 8.8m at 42.51g/t Gold and 1.77% Copper

Exceptional Drilling Results at Southern Ore Zone

Kingston Resources (ASX – KSN) has announced a breakthrough in its underground drilling program at the Southern Ore Zone (SOZ) of the Mineral Hill mine in New South Wales. The first batch of assays from 13 completed drill holes has returned outstanding high-grade gold and copper intercepts, including an extraordinary 8.8 metres grading 42.51 grams per tonne (g/t) gold and 1.77% copper. These results not only confirm the high-grade nature of the deposit but also highlight the potential for significant resource growth.

Extending Mineralisation Beyond Known Boundaries

Crucially, the drilling has extended mineralisation by 50 to 100 metres along strike beyond the current resource envelope. This suggests that the Mineral Resource tonnage at Mineral Hill could increase materially, offering the prospect of a longer mine life and enhanced production profiles. The polymetallic nature of the SOZ, with copper-gold dominant zones, adds further value given the multiple metals recovered.

Strategic Implications for Mine Planning and Economics

These high-grade intercepts fall directly within planned stope zones, meaning the company can integrate the new data into its underground mine plan with relative ease. Kingston’s Managing Director Andrew Corbett emphasized the significance of these results, noting that the underground drilling campaign is providing a clearer picture of the untapped potential at Mineral Hill. The company is well positioned to convert these findings into early cash flow, reinforcing confidence in Mineral Hill as a long-life, high-margin operation.

Ongoing Exploration and Future Outlook

The drilling program is ongoing, with 21 holes completed to date and assays pending for eight more. Following the recent sale of the Misima Gold Project, Kingston plans to ramp up exploration efforts at Mineral Hill, extending the current drilling campaign beyond the initial 3,000 metres. This expanded program aims to target additional production areas and further resource extensions, underpinning the company’s growth ambitions.

Robust Metallurgical and Resource Framework

Kingston Resources benefits from a well-established metallurgical circuit at Mineral Hill, including CIL gold recovery and flotation circuits for copper, lead, and zinc concentrates. Historical metallurgical recoveries underpin the economic assumptions used in resource calculations, lending credibility to the potential value unlocked by these new drilling results. The company’s comprehensive approach to sampling, assay quality control, and resource modelling aligns with industry best practices, ensuring reliable data for future resource updates.