Kalgoorlie Gold - Managing Director and CEO, Dr. Matt Painter
Managing Director and CEO, Dr. Matt Painter
Source: YouTube
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Kalgoorlie Gold Mining (KAL) begins assessments on Pinjin and Ninga Mia projects in the Eastern Goldfields region to define potential gold mineralisation for drill testing
  • The Pinjin project’s initial assessment is underway, following along strike from Ramelius Resources’ Lake Rebecca Project
  • Reinterpreting subsurface geology at Ninga Mia is establishing new targets where faults that regulate gold mineralisation at the Mt Charlotte gold mine propagate into KalGold’s Ninga Mia tenura
  • New targets at the intersections of Ninga Mia’s structures are being investigated
  • Kalgoorlie Gold last traded at 14.5 per share before the market opened on January 13

Kalgoorlie Gold Mining (KAL) begins assessments on Pinjin and Ninga Mia projects to define potential gold mineralisation for drill testing.

Kalgoorlie Gold holds tenements in key locations of the Eastern Goldfields in Western Australia that have not been adequately explored due to transported cover concealing the prospective geology.

Pinjin is along strike from Ramelius Resources’ (RMS) recently acquired Lake Rebecca Project, while the Pinjin project’s initial assessment is underway following along strike from the Lake Rebecca Project.

Ninga Mia is adjacent to the Mt Charlotte and the supergiant Golden Mile deposits at Kalgoorlie.

Targets are being defined under transported cover near the Pinjin and Edjudina mining centres

At Ninga Mia at Kalgoorlie, a detailed reinterpretation of the subsurface geology of the project area is underway to define new targets where faults that control gold mineralisation at the Mt Charlotte gold mine propagate into KalGold’s Ninga Mia tenure.

New targets at the intersections of these structures are being investigated.

Matt Painter, Kalgoorlie Gold MD and CEO, said some of the structures that control gold mineralisation within the Golden Mile at Kalgoorlie appear to propagate into the Ninga Mia tenure.

“These are being vigorously assessed. KalGold’s Pinjin project is in the Laverton Tectonic Zone along strike from million-ounce deposits that have been the subject of recent corporate activity,” Dr Painter said.

“Pinjin is showing great potential. Targets have already been identified for testing in future drill programs.”

Kalgoorlie Gold last traded at 14.5 per share before the market opened on January 13.

KAL by the numbers
More From The Market Online

Streamplay enters into Middle East market via UAE gateway

Gaming and tech provider Streamplay is set to formally enter the UAE market with the launch…

Prominence impresses the market with uranium grading 5,269ppm in Kazakhstan

Prominence Energy has seen shares rise 33% on news of uranium grading up to 5,269ppm from…

Peninsula Energy’s Ross Central Plant expansion on track at Lance Projects, US

Peninsula Energy and its wholly owned subsidiary, Strata Energy have provided an update on the construction…
The Market Online Video

Market Update: Industrials and energy set the pace on a slow day

The ASX200 is up .05 of a per cent – coming in lower than future’s predictions this morning.