Kingston Resources Limited Boosts Mineral Hill’s Outlook with High-Grade Gold & Copper Intercepts and Strategic $50M Cash Milestone

Wednesday, July 23, 2025
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8:15 am
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Kingston Resources Limited reports robust high-grade gold and copper assay results from its underground drill program at the Southern Ore Zone. These promising findings strengthen its Mineral Hill mine plan and boost confidence in near-term production, potentially accelerating early cash flow and future asset growth.

Kingston Resources Limited has reported a series of high-grade assay results from its ongoing underground drilling at the Southern Ore Zone within its Mineral Hill operation. The company’s latest set of eight drill holes, completed as part of a program initiated in February 2025, have returned multiple strong intercepts. One notable intersection from drillhole KSNDDH034 yielded 4.0 meters at 12.89 grams per tonne gold, accompanied by 0.73% copper, including a premium sub-interval recording 1.0 meter at 48.8 grams per tonne gold and 2.05% copper. Additional drillholes have delivered encouraging results, such as 14 meters grading 19.35 grams per tonne gold from KSNDDH041 and several intercepts along the G and H Lodes reinforcing the high-grade nature of the mineralisation. The technical details underline the robustness of the deposit. In situ copper equivalent calculations—which consider gold, silver, copper, lead, and zinc using company-specific price and recovery assumptions—support the significant recoverable potential of the mineralisation. High silver grades are also promising, as they contribute to the recoverable metals in the concentrate products and gold dore. With infrastructure already in place and dewatering of historical workings progressing below the 1080 level, the project appears well positioned to convert these promising drill results into early cash flow and extend its production life. Kingston Resources is actively refining its mining schedule to fast-track underground development while continuing exploration across its mining and exploration leases. The ongoing campaign, originally budgeted for 3000 meters of drilling, aims to infill planned stopes for the first 12 months of underground production and to test southern extensions of the SOZ ore zone. Assays from eight additional drill holes are anticipated by the end of the third quarter of 2025, potentially adding further clarity to the resource model and operational outlook. The outlook from these developments presents a mixed sentiment. On the bullish side, the multiple high-grade intercepts and confirmed stope designs boost confidence in the deposit’s economic potential and suggest that high-margin production areas are on the horizon. The refined metallurgical recoveries and established infrastructure further enhance the prospect of near-term cash flow and long-life operations. Conversely, cautious views remain due to the fact that current production plans only utilise approximately 27% of the known Mineral Resources, and several assay results remain pending, which maintains an element of uncertainty. Additionally, operational risks inherent in underground development, such as dewatering and schedule adjustments, underscore the need for careful monitoring amidst fluctuating commodity prices. Overall, the drilling results bolster the narrative of a growing, high-potential asset at Mineral Hill, positioning Kingston Resources Limited to capitalize on both current production and future exploration upside amid a dynamic market environment.

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