Kalgoorlie Gold Mining Limited

Thick Gold Intercepts from Initial Drilling at Wessex Near Anglo Saxon Gold Mine

Kalgoorlie Gold Mining (ASX:KAL, ‘KalGold’ or ‘the Company’), is pleased to announce results of its recent aircore drilling at Wessex and Harbour Lights, within the Pinjin project, around 140 km northeast of Kalgoorlie-Boulder.


Highlights:

  • Extensive, thick gold mineralisation and anomalism has been discovered at KalGold’s Wessex target at Pinjin following the first pass aircore drill program (ASX: KAL 5 April 2024, Drilling commences at shallow gold targets, Pinjin Project).
  • New intercepts include:
    • PSAC24001: 28 m at 1.27 g/t Au from 36m
      • including8 m at 1.90 g/t Au from 44 m
        • and8 m at 2.15 g/t Au from 56 m
    • PSAC24029: 12 m at 1.17 g/t Au from 52 m
      • including4 m at 3.07 g/t Au from 56 m
  • These results are exceptional for aircore drilling, illustrating the enormous potential of KalGold’s Pinjin Project at the southern end of the Pinjin Goldfield.
  • The Wessex prospect shows evidence of being part of the broader Anglo Saxon gold mineralised system, with Hawthorn Resources’ (ASX:HAW) open pit mine located less than 1 km from the drill program.
  • Results along the southern extension of KalGold’s Harbour Lights target are more typical of an aircore drilling program. Indicators of gold mineralisation include low level gold and arsenic anomalism, quartz veining, and associated pyrite mineralisation.
  • KalGold will undertake follow-up exploration at Wessex and Harbour Lights. This will comprise additional aircore and RC drilling.
For MD and CEO Matt Painter’s thoughts on the results of the drill program, see a video on the KalGold Investor Hub at https://investorhub.kalgoldmining.com.au/link/NPwl6y

Commenting on the results, KalGold Managing Director Matt Painter said:

“KalGold’s drill program at its Wessex prospect has delivered excellent results. Thick, coherent zones of shallow gold mineralisation were defined across the tenement boundary from historically recorded gold anomalism. The shape, geometry, and style of gold mineralisation at Wessex displays parallels with Hawthorn Resources’ neighbouring Anglo Saxon gold deposit, located less than 1 km to the northeast. Mineralisation at Wessex is open along strike both to the north and south, and down-dip to the east.

This discovery at Wessex requires follow-up aircore and/or RC drilling to define the full extent of the mineralisation footprint. These results, in addition to the shallow gold mineralisation currently being incorporated into an initial JORC Code (2012) Mineral Resource Estimate at Kirgella Gift and Providence, highlight the incredible prospectivity of KalGold’s Pinjin Project.”


Click here for the full ASX Release

This article includes content from Kalgoorlie Gold Mining Limited, 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.

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