| Announcement Date: | 2021-11-29 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Kalgoorlie Gold Mining Ltd. |
| Project name: | Bulong Taurus |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 18m @ 1.23g/t Au from 1m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | 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 KalgoorlieBoulder. Two targets were tested, La Mascotte and Great Ophir, with shallow oxide gold confirmed at both. KalGold MD and CEO, Dr Matt Painter 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 (as defined in Appendix 3) (Figure 1) that was depicted by drill programs where collars were spaced as tightly as 20m apart (Figure 2). 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. 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 (Figure 2). |
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