Overview of Kingsgate Consolidated's latest announcement

Kingsgate Consolidated Limited (ASX: $KCN) has reported continued significant gold and silver exploration results near the Chatree Gold Mine. The exploration was conducted by Akara Resources, with significant gold and silver intersected in the highly prospective Jorakae and Kumpee prospects, located approximately 7km northeast and 2-3km east of the Chatree Gold Mine.

Executive commentary on the exploration results

The RC drilling conducted by Akara Resources has yielded promising results, with medium grade gold mineralization and narrow, high-grade zones up to 15.40 g/t Au. The significant intercepts in the Jorakae prospect include 19m at 1.18 g/t Au and 7m at 0.67 g/t Au, while the Kumpee prospect revealed intercepts such as 36m at 0.78g/t Au, 22m at 1.34g/t Au, and 37m at 1.37 g/t Au. These results indicate the potential for further mineralization in the area.

Summary of Kingsgate Consolidated's exploration update

Kingsgate Consolidated's latest announcement highlights the continued success of gold exploration near the Chatree Gold Mine. The significant gold and silver intercepts near the Jorakae and Kumpee prospects demonstrate the prospectivity of these areas. The company remains optimistic about the potential for further mineralization based on the drilling results. Kingsgate Consolidated's commitment to ongoing exploration reflects its dedication to maximizing the potential of its mining assets and contributing to the long-term growth of the company.