- Kalgoorlie Gold Mining (KAL) announces start of a diamond drill program at the La Mascotte prospect within the company’s Bulong Taurus project
- The program will comprise up to seven diamond drill holes for 875 metres with the planned holes to complement recent reverse circulation (RC) drill programs
- Results of the recent RC program will help to delineate the best drill holes from several alternatives designed to test the La Mascotte gold mineralisation
- This diamond drill program is part of KalGold’s broader strategy to discover and define new gold deposits near Kalgoorlie-Boulder
- KAL shares are up 6.25 per cent, trading at 17 cents
Kalgoorlie Gold Mining (KAL) has started a diamond drill program at the La Mascotte prospect within the company’s Bulong Taurus project.
The program will comprise up to seven diamond drill holes for 875 metres. The planned holes will complement recent reverse circulation (RC) drill programs with some of the new diamond holes to be drilled adjacent to pending RC results, if returned in time.
It is anticipated that the new diamond drill holes will intersect strong alteration consistent with gold mineralisation.
Results of the recent RC program will help to delineate the best drill holes from several alternatives designed to test the La Mascotte gold mineralisation.
“This diamond drill program at the outcropping La Mascotte gold prospect will provide detail needed for the KalGold Team to accurately characterise gold mineralisation, both in the oxide zone and in fresh rock,” said KalGold Managing Director and CEO Dr Matt Painter.
“KalGold expects analysis of the drill core to assist in clearly defining controls on gold mineralisation, provide geotechnical data and define new targets.
“We aim to define the extent of near-outcropping gold mineralisation and its depth extensions within the Bulong Taurus project so that we can define a maiden JORC 2012 resource estimate.”
This diamond drill program is part of KalGold’s broader strategy to discover and define new gold deposits near Kalgoorlie-Boulder.
KalGold expects that the diamond drill data will inform the design and implementation of the forthcoming RC phase 3 program at Bulong Taurus scheduled between late April to May.
Following the scheduled Bulong Taurus drilling, the RC rig will test several newly generated targets at the Ninga Mia gold project on the northern outskirts of Kalgoorlie-Boulder.
KAL shares were up 6.25 per cent, trading at 17 cents at 10:04 am AEDT.