HomeFinTechKingston Resources: Restarts drilling at Misima Project

Kingston Resources: Restarts drilling at Misima Project

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  • Kingston Resources (KSN) has recommenced drilling at its Misima Gold Project in Papua New Guinea (PNG) following lifted COVID-19 travel restrictions
  • The company will commence an 8000 metre diamond drilling program, which will focus on the Kulumalia area
  • The program includes infill and extensional drilling at the southeast end of the proposed Umuna pit and follow-up drilling at the Abi Discovery
  • Additionally, Misima’s pre-feasibility study (PFS) has entered into the final stages and is on track to completed in the current quarter
  • The on-site lab expected to reduce costs and improve assay turnaround times
  • On market close for the day, Kingston is up 5.88 per cent and is trading for 27 cents per share
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