Metals Exploration company Kingston Resources has secured a 12-month option to acquire a 75% interest in the Livingstone Gold Project in Western Australia.
Located northwest of Meekatharra in WA, Livingstone is an advanced exploration project with and existing JORC2004 inferred mineral resource of 49,900 ounces and a number of high-grade drilling intersections that indicate excellent potential for additional discoveries.
Managing Director Andrew Corbett said the option provides Kingston with a 12-month period to explore the project and can be exercised at any time over this period.
“This is a very exciting development for Kingston. The Livingstone agreement represents fantastic value for shareholders, and we intend to demonstrate that value in the short term by building on the work done at Livingstone by previous explorers,” Mr Corbett remarked.
“There are some very significant drill hits on a number of prospects along 31km of strike, and we will be testing these areas. The Homestead deposit also has high-grade mineralisation at surface which we intend to look at in the near future.”
Livingstone is located in the Peak Hill mineral field, on the western arm of the Bryah and Padbury Basins.
Historical drilling has generated widespread gold intersections focused along the Livingstone Shear Zone, with a combined strike length of over 31km.
The tenement application covers 68 graticular blocks, which will cover an area of approximately 204km2 when granted.
