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Kalgoorlie Gold (ASX:KAL) targeting underway at Pinjin and Ninga Mia Projects

ASX News, Mining
ASX:KAL      MCAP $4.121M
13 January 2022 09:38 (AEST)
Kalgoorlie Gold - Managing Director and CEO, Dr. Matt Painter

Source: YouTube

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.

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