Kalgoorlie Gold Mining (ASX:KAL) has received promising RC assay results from a down-dip target at the La Mascotte gold prospect within the Bulong Taurus project, 35km to the east of Kalgoorlie-Boulder in Western Australia.
These are the final results prior to release of the first JORC (2012) Resource Estimate to be calculated at the outcropping La Mascotte prospect, due this quarter.
“Results from the most recent round of RC drilling at La Mascotte provide huge encouragement for the continuity of gold mineralisation to depth,” MD and CEO, Dr Matt Painter, said.
“KalGold’s drilling indicates a broad zone of gold mineralisation continuing to the northwest and open at depth. It seems likely that we’ve hit the southern side of the mineralised zone.
These new results are currently being incorporated into the first ever JORC (2012) Resource Estimate at La Mascotte, due for release this quarter.
“As one of the few outcropping gold prospects in the Eastern Goldfields, the resource will integrate extensive historic drilling data with the company’s recent work, illustrating KalGold’s cost efficient approach to building a JORC (2012) Resource base.
KalGold has begun the new year with a busy exploration schedule. Results from its reconnaissance auger geochemistry program at Pianto project (E29/1125) are currently being assessed.
“Reconnaissance and target generation and refinement are also ongoing at Zelica, near the Eucalyptus mining centre, at Perrinvale west of Leonora, and at KalGold’s Pinjin project. It is anticipated that several applications in the highly prospective Pinjin area will be granted in the coming months.
“In addition, the company is continually reviewing and assessing opportunities throughout the Eastern Goldfields to maximise value for our shareholders. We look forward to updating shareholders of our progress on this front. 2023 will be a busy year with strong news flow.”
La Mascotte drill results
A total of four RC holes for 880m were drilled during the Phase 4 drill programme at La Mascotte. The program was designed to test the down-plunge extent of gold mineralisation from historic high-grade mineralisation. The holes effectively provide a north-south fence of some 80m strike coverage across an area of the projected down plunge mineralised zone.
Highlights
Results from Phase 4 RC drilling at the outcropping La Mascotte prospect confirm extension of gold mineralisation at depth
o 3m at 6.43g/t Au from 61m including 1.0m at 17.9g/tAu from 62-63m (BLRC220092)
o Down-plunge mineralisation shows continuity and is open at depth
o Refined targets to the northwest, south, and at depth are being evaluated
• Results are being incorporated into the first JORC (2012) Resource Estimate for the La Mascotte prospect, due this quarter
• Phase 4 RC drilling at the Knockhill and Royal Star prospects intercepted further mineralisation, supporting KalGold’s discovery holes
o 6mat1.24g/tAu from 76m(BLRC220081)
• Assay results from reconnaissance auger geochemistry program at the Pianto project
(E29/1125) received and currently being assessed
• Initial field reconnaissance trips to the Perrinvale project area completed with work ongoing.
