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Kalgoorlie Gold Mining (ASX: $KAL) discovers thick gold intercepts at Wessex prospect

Kalgoorlie Gold Mining (ASX: $KAL) announces significant gold discovery at Wessex prospect


Kalgoorlie Gold Mining (ASX: $KAL) has reported extensive, thick gold mineralisation and anomalism at its Wessex target at Pinjin following the first pass aircore drill program. The new intercepts include PSAC24001: 28 m at 1.27 g/t Au from 36m, PSAC24029: 12 m at 1.17 g/t Au from 52 m, and more. The company will undertake follow-up exploration at Wessex and Harbour Lights, comprising additional aircore and RC drilling.

Kalgoorlie Gold Mining (ASX: $KAL) Managing Director's perspective on the results


KalGold's drill program at its Wessex prospect has delivered excellent results. Thick, coherent zones of shallow gold mineralisation were defined across the tenement boundary from historically recorded gold anomalism. The shape, geometry, and style of gold mineralisation at Wessex displays parallels with Hawthorn Resources' neighbouring Anglo Saxon gold deposit, located less than 1 km to the northeast. Mineralisation at Wessex is open along strike both to the north and south, and down-dip to the east.

Summary of Kalgoorlie Gold Mining's discovery and future plans


Kalgoorlie Gold Mining (ASX: $KAL) has made a significant discovery of thick gold mineralisation at the Wessex prospect, indicating the enormous potential of the Pinjin Project. The company plans to undertake follow-up exploration at Wessex and Harbour Lights, with the aim of defining the full extent of the mineralisation footprint. The recent discovery confirms the company's interpretation that gold mineralisation continues southward from the outcropping Pinjin Goldfield under a thin cover of transported sediment, offering substantial opportunity for shallow gold mineralisation through testing the portfolio of defined targets along strike.

KALGOORLIE GOLD MINING LIMITED
KAL | ASX | Materials
0.0290.001(+3.57%)
At close 05/07 (AEDT)
Market cap
$4.4M
Volume
259,947
DY Yield
0
PE Ratio
0
52 Week Range
0.02 - 0.043
1YR Return
N / A

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