Six Mile Hill Exploration Update - April 2015
Released
Released
Announcement PDF
KINGSTON
RESOURCES LIMITED
ACN 009 148 529
ASX:KSN
9
April
2015
Company
Announcements
Office
Australian
Securities
Exchange
Six
Mile
Hill
Exploration
Update
-‐
April
2015
Highlights:
• Detailed
3D
gravity
and
magnetic
inversion
modelling
results
in
Iron
Oxide
Copper
Gold
(IOCG)
drill
targets
at
Six
Mile
Hill
• South
Australian
government
support
confirms
high
priority
IOCG
targets
selected
by
Kingston
Resources
at
Six
Mile
Hill
• Diamond
drilling
at
Six
Mile
Hill
expected
to
commence
in
June
• Government
sponsored
Mineral
Systems
Drilling
Program
to
deploy
world
first
innovative
technologies
• Kingston
Resources
Executive
Director
to
present
at
South
Australian
Resources
and
Energy
Investment
Conference
(SAREIC
13th
April)
and
feature
in
Paydirt
Kingston
Resources
Limited
(“Kingston”
or
“the
Company”)
(ASX:
KSN)
is
pleased
to
announce
several
significant
developments
concerning
our
100%
owned
Six
Mile
Hill
exploration
project
in
South
Australia.
Figure
1:
Six
Mile
Hill
project
location
NW
of
Port
Augusta
(grid
divisions
10km)
Kingston Resources Limited
25 – 27 Jewell Parade, North Fremantle, Western Australia 6159
t +61 8 9336 6619 w www.kingstonresources.com.au e info@kingstonresources.com.au
Page 1 of 6
3D
Inversion
Modelling
of
Gravity
and
Magnetic
Features
Kingston
has
completed
detailed
3D
inversion
modelling
of
high
resolution
gravity
and
magnetic
data
over
three
key
areas
at
the
Six
Mile
Hill
project.
The
modelling
by
Mr
Barry
Bourne
(previously
Chief
Geophysicist
Global
Exploration
at
Barrick
Gold)
has
revealed
several
compelling
Iron
Oxide
Copper
Gold
(IOCG)
drill
targets.
Figure
2:
Residual
Regional
Bouguer
gravity
(2.67g/cc)
with
gravity
features
from
regional
data
in
blue.
Key
areas
selected
for
3D
inversion
modelling
in
yellow
polygons.
IOCG
targets
as
stars.
Figure
width
~33km.
SM1
SM1
SM2
SM2
Figure
3:
Detailed
image
of
central
target
area.
Residual
detailed
Bouguer
gravity
(2.67g/cc)
with
preliminary
100m
x
100m
x
50m
gravity
model
on
the
right.
Gravity
(blue)
–
Isosurfaces
of
density,
+0.075g/cc
light
blue
outer
shell,+0.15g/cc
in
dark
blue
inner.
Main
target
areas
shown
in
red.
Kingston Resources Limited
25-27 Jewell Parade North Fremantle, Western Australia 6159
t +61 8 9336 6619 f +61 8 9335 3565 w www.kingstonresources.com.au e info@kingstonresources.com.au
Page 2 of 6
Mineral
Systems
Drilling
Program
The
Mineral
Systems
Drilling
Program
2015
(MSDP)
will
assist
with
diamond
drilling
at
least
four
of
Kingston’s
five
IOCG
targets
at
Six
Mile
Hill.
Drilling
is
expected
to
commence
in
June
2015.
The
MSDP
is
a
joint
collaboration
between
the
Department
of
State
Development
(DSD),
the
Deep
Exploration
Technologies
Cooperative
Research
Centre
(DET
CRC)
and
exploration
companies
Kingston
and
Minotaur
Exploration
Ltd.
The
aim
of
the
MSDP
is
to
map
and
understand
various
components
of
mineral
systems
in
the
northern
Eyre
Peninsula
region
with
the
potential
to
lead
to
the
discovery
of
new
mineral
deposits.
DSD
is
providing
$2
million
in
funding
to
MSDP
through
PACE
Frontiers
Initiative,
DET
CRC
is
providing
new
technologies
related
to
drilling
and
real-‐time
analysis
of
the
rocks
being
drilled,
and
Kingston
and
Minotaur
are
providing
the
local
concepts,
resources
and
access.
The
MSDP
will
deploy
world
first
innovative
technologies,
including
Lab-‐at-‐Rig®
(top-‐of-‐hole
XRF
geochemistry
and
XRD
mineralogy
on
drill
cuttings),
AutoSondeTM
(downhole
geophysical
sensing)
and
the
Wireless
Sub
(rig
performance
monitoring).
Further
information
on
these
technologies
is
available
at
the
DET
CRC
website:
www.detcrc.com.au
Figure
4:
Proposed
drillhole
locations
for
the
Mineral
Systems
Drilling
Program
(grid
divisions
10km)
Kingston
Presentation
at
SAREIC
and
interview
with
Paydirt
Kingston
Executive
Director
Stuart
Rechner
will
present
a
significant
update
on
the
Six
Mile
Hill
project
at
the
South
Australian
Resources
and
Energy
Investment
Conference
(SAREIC)
in
Adelaide
on
13
April
2015.
www.saresourcesconf.com
Mr
Rechner
was
also
recently
interviewed
by
Paydirt
Media
regarding
Kingston’s
participation
in
the
MSDP.
The
interview
will
be
published
in
the
April
edition
of
Australia’s
Paydirt.
Kingston Resources Limited
25-27 Jewell Parade North Fremantle, Western Australia 6159
t +61 8 9336 6619 f +61 8 9335 3565 w www.kingstonresources.com.au e info@kingstonresources.com.au
Page 3 of 6
Further
information
on
Kingston’s
Six
Mile
Hill
project
The
Six
Mile
Hill
project
comprises
two
exploration
licences,
EL
4494
and
EL
5498,
and
one
exploration
licence
application,
ELA
2014/225,
with
a
total
area
of
967km2
located
northwest
of
Port
Augusta.
The
project
area
lies
on
the
eastern
margin
of
the
Gawler
Craton
and
straddles
the
boundary
between
the
Spencer
Domain
and
the
Olympic
Domain.
Figure
5:
District
geological
setting
showing
major
structures
and
interpreted
basement
geology
Kingston Resources Limited
25-27 Jewell Parade North Fremantle, Western Australia 6159
t +61 8 9336 6619 f +61 8 9335 3565 w www.kingstonresources.com.au e info@kingstonresources.com.au
Page 4 of 6
The
Olympic
Domain
has
long
been
recognised
as
highly
prospective
for
IOCG
mineralisation,
hosted
in
hematite-‐magnetite
breccia
complexes.
IOCG
mineralisation
on
the
Gawler
Craton
is
related
to
the
Mesoproterozoic
~1590
Ma
thermal
magmatic
event
which
produced
the
Hiltaba
Granite
Suite
and
co-‐magmatic
Gawler
Range
Volcanics.
The
Six
Mile
Hill
project
occupies
a
prime
structural
address
for
potential
mineralisation.
The
Roopena
Shear
Zone
(RSZ),
a
splay
from
the
Kalinjala
Shear
Zone
(a
mantle-‐cutting
regional
tectonic
structure),
runs
through
the
Six
Mile
Hill
project
area.
District
scale
faults
are
predominately
oriented
NE/NW
and
reveal
a
pronounced
NE/SW
oriented
gravity
ridge.
Geophysical
modelling
indicates
the
possible
presence
of
granitic
bodies.
These
are
thought
related
to
the
Hiltaba
Granite
Suite,
host
to
Olympic
Dam
and
Prominent
Hill
mineralisation.
Figure
6:
Residual
Regional
Bouguer
gravity
(2.67g/cc)
with
regional
structure
(black),
interpreted
felsic
intrusives
(pink)
and
gravity
features
(blue).
Note
pronounced
NE/SW
oriented
gravity
ridge.
Although
Upper-‐Gawler
Range
Volcanics
outcrop
in
the
southwest
of
Six
Mile
Hill,
the
majority
of
the
project
area
lies
under
Neoproterozoic
(Adelaidean)
and
younger
sedimentary
cover.
Shallow
drilling
conducted
in
the
1970s
encountered
shallow
sediment-‐hosted
copper
mineralisation
in
the
sediments
above
Kingston’s
priority
target
area.
Further
south
along
the
RSZ
are
several
historic
copper
occurrences
and
modern
copper
prospects.
Next
Steps
The
Company
will
provide
a
significant
technical
update
on
the
Six
Mile
Hill
project
next
week
to
coincide
with
our
presentation
at
SAREIC
2015.
Figure
7:
Copper
occurrences
and
prospects
along
the
Roopena
Shear
Zone
(RSZ)
Kingston Resources Limited
25-27 Jewell Parade North Fremantle, Western Australia 6159
t +61 8 9336 6619 f +61 8 9335 3565 w www.kingstonresources.com.au e info@kingstonresources.com.au
Page 5 of 6
Competent
Persons
Statement
The
information
in
this
report
that
relates
to
Exploration
Results
is
based
on
information
compiled
by
Mr
Barry
Bourne,
who
is
engaged
as
a
consultant
by
the
Company
through
geophysical
/
geological
consultancy
Terra
Resources
Pty
Ltd.
Mr
Bourne
is
a
fellow
of
the
Australian
Institute
of
Geoscientists
and
a
member
of
the
Australian
Society
of
Exploration
Geophysicists
and
has
sufficient
experience
of
relevance
to
the
styles
of
mineralisation
and
the
types
of
deposits
under
consideration,
and
activities
undertaken,
to
qualify
as
a
Competent
Person
as
defined
in
the
2012
Edition
of
the
Joint
Ore
reserves
Committee
(JORC)
Australasian
Code
for
Reporting
of
Exploration
Results,
Mineral
Resources
and
Ore
Reserves.
Mr
Bourne
consents
to
the
inclusion
in
the
report
of
matters
based
on
information
in
the
form
and
context
in
which
it
appears.
JORC
Code
2012
Reporting
The
most
recent
JORC
Code
2012
edition
exploration
results
reporting
on
the
information
contained
within
this
ASX
Announcement
can
be
reviewed
in
the
“KSN
Exploration
Update
–
October
2014”
ASX
Announcement
as
released
to
ASX
on
30th
October
2014.
Kingston Resources Limited
25-27 Jewell Parade North Fremantle, Western Australia 6159
t +61 8 9336 6619 f +61 8 9335 3565 w www.kingstonresources.com.au e info@kingstonresources.com.au
Page 6 of 6
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