ASX:KAL

Kalgold’s First Drill Program Hits Gold At Bulong Taurus

Kalgoorlie Gold Mining (ASX:KAL) ('KalGold' or 'the Company') is pleased to advise that the Company's first drill program has intersected gold at its lead project, Bulong Taurus, 35km to the east of Kalgoorlie- Boulder. Two targets were tested, La Mascotte and Great Ophir, with shallow oxide gold confirmed at both.


KalGold's first drill program hits shallow oxide gold at both initial targets within the greater Bulong Taurus project area.

  • Thick zones of near-surface oxide gold mineralisation are punctuated by higher grades at LaMascotte. New results in BLRC210001 include:
    • 18mat1.23g/tAufrom 1mincluding 2mat4.95g/tAufrom 15m
    • 10mat1.29g/tAufrom 23mincluding 1mat8.19g/tAufrom 23m
    • 10mat1.16g/tAufrom 52mincluding 1mat6.5g/tAufrom 52m
  • New results confirm historic 1990s pre-JORC resource drill out results. KalGold is rigorously assessing this historic data in detail to define an initial exploration target at LaMascotte.
  • Confirmatory, first-pass drilling at GreatOphirmineintersects saprock gold mineralisation, including 1mat6.16g/tAufrom13m,in BLRC210005.

Follow-up programs totalling 3,350m are approved for La Mascotte, GreatOphir, and other targets. Commencing mid-December, these programs will begin to define Bulong Taurus's full potential.

KalGold MD and CEO, Dr Matt Painter, said:

"A limited, first-pass drill program at Bulong Taurus has intersected significant oxide gold mineralisation at both targets tested. By drilling prior to listing last week, KalGold is off to a flying start. A second program is scheduled to commence in December with results expected in early 2022. With multi-million-ounce neighbours immediately to the west and south, we plan to rigorously assess dozens of targets at Bulong Taurus to try to unlock similar potential."

Click here for the full ASX Release

This article includes content from Kalgoorlie Gold, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

KAL:AU
Kalgoorlie Gold Mining

Kalgoorlie Gold Mining Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Kalgoorlie Gold Mining Limited

Kalgoorlie Gold Mining

Unlocking gold deposits hidden under shallow cover in the heart of Western Australia’s Eastern Goldfields

Unlocking gold deposits hidden under shallow cover in the heart of Western Australia’s Eastern Goldfields Keep Reading...
Kirgella RC drilling completed, Flexure aircore program next

Kirgella RC drilling completed, Flexure aircore program next

Kalgoorlie Gold Mining (KAL:AU) has announced Kirgella RC drilling completed, Flexure aircore program nextDownload the PDF here. Keep Reading...
Quarterly Activities/Appendix 5B Cash Flow Report

Quarterly Activities/Appendix 5B Cash Flow Report

Kalgoorlie Gold Mining (KAL:AU) has announced Quarterly Activities/Appendix 5B Cash Flow ReportDownload the PDF here. Keep Reading...
Extensive RC drilling program underway at Pinjin

Extensive RC drilling program underway at Pinjin

Kalgoorlie Gold Mining (KAL:AU) has announced Extensive RC drilling program underway at PinjinDownload the PDF here. Keep Reading...
Multiple Pinjin drill programs locked in to commence April

Multiple Pinjin drill programs locked in to commence April

Kalgoorlie Gold Mining (KAL:AU) has announced Multiple Pinjin drill programs locked in to commence AprilDownload the PDF here. Keep Reading...
EIS diamond drilling results, Pinjin

EIS diamond drilling results, Pinjin

Kalgoorlie Gold Mining (KAL:AU) has announced EIS diamond drilling results, PinjinDownload the PDF here. Keep Reading...
Gold bar and nuggets with text reading "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Lighthouse Gold Shines with 78 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.Reuters reported on Friday (June 19) that a Panamanian government-led audit of First Quantum... Keep Reading...
David Nicholas, gold and silver bars.

David Nicholas: Gold's Next 30 Days — 10 Percent Price Pop?

David Nicholas, co-founder of XFunds, shares his outlook for gold, calling it "very constructive." In his view, it wouldn't be surprising to see an 8 to 10 percent price increase in the next 30 days. "I think gold and silver are the next trades to do really well here," Nicholas said.Don't forget... Keep Reading...
three gold bars stacked on top of each other

DGCX Introduces First Same-Day Physical Gold Contract in Gulf

The Dubai Gold and Commodities Exchange (DGCX) will launch the Gulf region’s first same-day physically settled spot gold contract on Monday (June 22), providing bullion dealers a regulated alternative to traditional over-the-counter markets.The Gold Spot T+0 Contract allows refineries, brokers,... Keep Reading...
Gold letters spelling "Fed" in front of a pile of gold dollar coins and US flag.

Gold Price Dips Back Below US$4,300 as New Fed Chair Holds Rates Steady

The US Federal Reserve held its first meeting with new Chair Kevin Warsh from Tuesday (June 16) to Wednesday (June 17) as a US-Iran peace deal is on the table and the US economy is in the midst of a three-year inflation high alongside a resilient labor market. The central bank held the federal... Keep Reading...
Jeffrey Christian, gold bars.

Jeffrey Christian: Gold, Silver, PGMs — My Summer Price Outlook

Jeffrey Christian, managing partner at CPM Group, shares his summer outlook for gold and silver prices, saying he expects consolidation within a volatile range. However, as the year continues, he believes both precious metals could move back toward highs seen earlier in 2026. Platinum and... Keep Reading...
Kalgoorlie Gold Mining

Kalgoorlie Gold Mining Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Interactive Chart

Latest Press Releases

Related News