Kalgoorlie Gold Mining’s (ASX:KAL) first drill programme has intersected gold at its lead project, Bulong Taurus, 35km to the east of Kalgoorlie-Boulder in Western Australia. Two targets were tested, La Mascotte and Great Ophir, with shallow oxide gold confirmed at both.
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.”
Work to assess these results is ongoing. Information provided in this release will be followed up with detailed analysis once the results are fully assessed.
Near surface, oxide gold mineralisation was intersected in both drill holes at La Mascotte. Results include:
BLRC210001 18m at 1.23g/t Au from 1m, including 2m at 4.95g/t Au from 15m 10m at 1.29g/t Au from 23m including 1m at 8.19g/t Au from 23m 10m at 1.16 g/t Au from 52m including 1m at 6.48g/t Au from 52m 4m at 1.18 g/t Au from 75m
BLRC210002 4m at 0.82 g/t Au from 24m 12m at 0.85 g/t Au from 35m including 1m at 2.87 g/t Au from 35m and 1m at 2.71 g/t Au from 44m 3m at 1.11 g/t Au from 72m 2m at 1.37 g/t Au from 82m.
Ongoing assessment of data to define an Exploration Target Assessment of historic results is ongoing, but it is clear that these new results are consistent with and confirm closely spaced drilling at La Mascotte, which was used to define a pre-JORC resource in the 1990s.
These new results fall within the mineralised envelope that was depicted by drill programs where collars were spaced as tightly as 20m apart.
Modelling of this dataset is underway, but it is already apparent that gold mineralisation is open in every direction with expectations that a significant mineralised system is emerging. KalGold intends to use this information to define a new exploration target for La Mascotte once this assessment in completed.
JORC resource in development, beginning at La Mascotte The Company aims to utilise historic data to define an initial JORC Code (2012) resource beginning at La Mascotte.
Detailed historic drilling at La Mascotte covered roughly 300x300m, showing gold mineralisation throughout.
To this end, new drill holes are required to confirm historic results and extend the known footprint of gold mineralisation. The company has conducted field confirmation of historic localities and acquired associated laboratory certificates to validate the inclusion of historic data into a potential JORC (2012) resource.
An initial resource at La Mascotte, which constitutes around 1% of total Bulong Taurus project area, will mark a significant step in the assessment and expansion of the project
The company’s upcoming second RC drill programme will build on these first-pass results. Scheduled to commence shortly, the Company anticipates results in early 2022 will provide targets for diamond drilling to help define controls on gold mineralisation and allow smarter and more efficient targeting.
This second phase of drilling will include:
• Pattern drilling at Great Ophir to provide first ever systematic assessment of this historic mine site.
• Further selected confirmation of near surface gold mineralisation at La Mascotte by new holes that will extend high-grade zones to the west, northwest and south.
This new drilling at La Mascotte is expected to provide additional certainty regarding tightly spaced 1990s drill programs. The Company aims to incorporate historic resource drill out programs into a new, expanded JORC resource beginning at La Mascotte in 2022.
For further information please visit: https://www.kalgoldmining.com.au/
