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Kalgoorlie Gold Mining (ASX:KAL) has further identified depth potential at the Kirgella Gift and Providence gold deposits, with new results confirming primary gold extends at depth, with drilling intersecting thick gold mineralisation.
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The Exploration Incentive Scheme (EIS) co-funded program reported strong intercepts and orogenic gold mineralisation below previous results at the two targets.
Kalgoorlie Gold’s MD, Matt Painter, told shareholders the mineralised system remains open at depth, beneath the 76,000 ounce inferred mineral resource estimate (MRE) of 2.34 million (Mt) at one gram per tonne (g/t).
“We are extremely pleased with the results of our first pass diamond drilling program, which delivered key structural, geotechnical, and density data to support future resource upgrades,” he explained.
“We’ve intersected thick gold mineralisation in previously untested areas. Intercepts at depth hint at the potential for vertical extension of the orogenic gold mineralised system at Kirgella Gift-Providence, beneath known resources.”
KalGold has also identified new targets directly below the near-surface MRE, which it says warrants follow-up drill testing.
“Advancing gold exploration and resource definition to depth at Kirgella Gift and Providence will complement KalGold’s exploration field programs defining the extent of gold mineralisation at Lighthorse and testing additional new targets across the broader Pinjin project area,” Mr Painter said.
The Western Australian company’s upcoming drilling includes expanded first-pass aircore drilling to test new conceptual gold targets throughout the Pinjin project area, with a focus on targets east of Kirgella Gift.
KalGold is also considering further drilling at and around Kirgella Gift and Providence to test the vertical continuity and/or repetition of high-grade mineralisation. Studies to facilitate higher-certainty resources and reserves at the deposits are expected to include metallurgical, geotechnical and mining.
KAL is up +6.67% to 4.8c today, with a market cap of $18.23 million.
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