- Kaili Resources (KLR) has lodged an application with the WA Department of Mines Industry Regulation and Safety (DMIRS) to drill at its Gindabbie Gold Project
- Planned drilling will include 20 reverse circulation (RC) holes at its Holey Dam and Canegrass tenements
- This program follows on from the September 2020 aircore drilling program
- Once the DMIRS approves the drilling, a field crew will be chosen to begin the program
- On market close for the day, the company is in the grey and trading at 2.6 cents per share
Kaili Resources (KLR) has lodged an application with the WA Department of Mines Industry Regulation and Safety (DMIRS) to drill at its Gindabbie Gold Project.
The drilling program will include 20 reverse circulation (RC) holes at its Holey Dam and Canegrass tenements.
This program follows on from the September 2020 aircore drilling program, which highlighted Holey Dam and Canegrass as potential areas where gold mineralisation has been localised.
From this aircore drilling, significant gold assay results included four metres at 0.42 parts per million of gold, including one metre at 1.088 parts per million.
Gindabbie is located 65 kilometres from gold town Kalgoorlie in the Yilgarn Craton region.
Once the DMIRS approves the drilling, a field crew will be chosen to begin the program.
Last month, the company applied for two exploration licences in the Northern Territory within the Warramunga Province.
The licences are prospective for gold and base metals.
On market close for the day, the company is in the grey and trading at 2.6 cents per share.