- Kalgoorlie Gold Mining (KAL) intersects gold mineralisation in all reverse circulation (RC) holes drilled in a phase-two program at the La Mascotte prospect near Kalgoorlie in WA
- The company says the recently completed program comprising 12 RC holes encountered gold mineralisation along strike to the north and south of known mineralisation
- Better assays include two metres grading 16.27 grams per tonne gold from 43 metres, one metre at 7.70 g/t from 56m and 4m at 2.29 g/t from 46m
- Kalgoorlie Gold says the results show the footprint of confirmed gold mineralisation at La Mascotte being extended to a strike length of at least 500m, remaining open in all directions
- KAL shares down 12.1 per cent to 14.5 cents
Kalgoorlie Gold Mining (KAL) has intersected gold mineralisation in all reverse circulation (RC) holes drilled in a phase-two program at the La Mascotte prospect.
La Mascotte forms part of the company’s Bulong Taurus project about 35 kilometres east of Kalgoorlie-Boulder in Western Australia.
Kalgoorlie Gold said the recently completed phase-two program comprising 12 RC holes struck gold mineralisation along strike to the north and south of known mineralisation.
Better assays included two metres grading 16.27 grams per tonne gold from 43 metres, one metre at 7.70 g/t from 56m and 4m at 2.29 g/t from 46m.
According to the company, the results point to an increase of more than 200m in the footprint of confirmed gold mineralisation at La Mascotte to a strike length of at least 500m, remaining open in all directions.
Kalgoorlie Gold said follow-up diamond drilling had already been carried out and a new phase-three RC drilling campaign was under way.
“Drill testing shows that gold mineralisation at La Mascotte is significantly more extensive than previously defined. The shallow depth of these gold intercepts brings the possibility of open-pit mining, something which the company is actively assessing,” Managing Director and CEO Dr Matt Painter said.
“With our prospector partners continuing to unearth near-surface gold specimens at and around La Mascotte, and visible gold intercepted in diamond drill core, it is clear that we have only just begun to uncover the extent of gold mineralisation here.”
KAL shares were down 12.1 per cent to 14.5 cents at 4:09 pm AEST.