Kalgoorlie Gold Mining expands exploration

Kalgoorlie Gold Mining (ASX:KAL) has announced the acquisition of a new tenement for the Pinjin Gold Project. The tenement, E 31/1262, was acquired from Solstice Minerals (ASX:SLS) and is strategically significant for the company's exploration efforts in the Laverton Tectonic Zone. KalGold has issued shares valued at A$70,000 and agreed to a 1% net smelter royalty.

Strategic significance and future outlook

Kalgoorlie Gold Mining's acquisition of the E 31/1262 tenement strengthens its position in the Pinjin Gold Project, increasing the total area to approximately 360 km². With 100% control over nine of the sixteen tenements, the company aims to finalize a farm-in agreement for the remaining tenements by mid-2025. Recent drilling at Kirgella East and West demonstrates KalGold's commitment to scientific exploration, focusing on shear-hosted styles and granite uplift-related mineralization. The company's future plans include a detailed review of the newly acquired area's minimal historical data, with exploratory efforts geared towards understanding the Laverton and Celia Tectonic Zones' gold potential. KalGold is poised to advance its low-cost, shallow gold resource strategy in Western Australia's promising gold-producing regions.

Executive insights on strategic acquisition

The acquisition of E 31/1262 is a major step forward in our strategy to build a significant exploration footprint in the Pinjin area. This tenement provides critical strategic continuity between our existing tenements, enhancing our ability to explore for shear-hosted gold mineralization and early-stage mineralization linked to granite uplift.