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KalGold rolls out detailed aeromagnetic survey across Pinjin project

ASX News, Materials
ASX:KAL      MCAP $4.915M
27 September 2024 13:25 (AEDT)
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Kalgoorlie Gold Mining (ASX:KAL) has kicked off a geophysical survey across the northern parts of its Pinjin project in Western Australia – marking the first detailed aeromagnetic coverage of the Laverton Tectonic Zone between the southern end of the Edjudina Goldfield
and the northern end of the Pinjin Goldfield.

Kalgoorlie Gold already has a tailored dataset of the Pinjin project area, and the new survey data will be integrated into this, as well as other regional datasets to ensure the whole territory is defined better through high resolution coverage.

It will also go beyond the information currently available through state-wide regional datasets, as these lack the resolution for detailed exploration targeting.

The new high-resolution aeromagnetic geophysical survey will focus on Jungle Dam – an anomalous northwest-southeast trending structure through the Jungle Dam Granite – together with the lateral extension of the Edjudina Goldfield.

Kalgoorlie Gold is hoping the detailed survey will support its compiling of gold targets, and yield results already evidenced in the discovery of targets south of Hawthorn Resources’ Anglo Saxon gold deposit, including Wessex, Kirgella Gift and Wessex.

The data is set to be confirmed on-site by the end of September, and Kalgoorlie Gold also intends to release results from Phase 2 aircore drilling at Wessex which was done earlier in the month.

The latter work was testing thick and shallow gold intercepts discovered in May during first pass drilling at Wessex.

Aircore drilling will also be carried out on additional targets across the Pinjin project in October, with more work in the following two months to build on this, with reverse circulation (RC) drilling at Wessex and other prospects also potentially on the cards.

Kalgoorlie Gold has been trading flat at 2.4 cents.

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