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Kalgoorlie Gold Mining (ASX:$KAL) consolidates strategic position at Pinjin over a gold-prone bend

Kalgoorlie Gold Mining (ASX:$KAL) Receives New Licence at Pinjin


Kalgoorlie Gold Mining (ASX:KAL), also known as KalGold, has announced the receipt of a new licence at Pinjin (E 28/3134), covering 38.5 km², from the WA Department of Mines, Industry Regulation and Safety (DMIRS). This tenement is 100% owned by KalGold and is located east of Kirgella Gift and Providence over a distinct regional bend in the Laverton Tectonic Zone, around 140 km east of the City of Kalgoorlie-Boulder.

Executive Commentary on New Licence and Exploration Plans


The grant of E 28/3134 is part of KalGold's plan to consolidate our strategic position in the Laverton Tectonic Zone. This new tenement provides KalGold access to a highly prospective, almost unexplored part of the Eastern Goldfields. We have already started to identify several compelling gold targets, including just to the east of Kirgella Gift and Providence. These are located in a bend in the highly prolific, gold-mineralised Laverton Tectonic Zone. E 28/3134 appears to contain the same strata as the Anglo Saxon Gold Mine to the north, and the Rebecca Gold Project to the south. KalGold will shortly begin on-ground assessment via several station tracks to refine and rank targets for exploration in 2024. We also look forward to receiving approval of our final application at the Pinjin Project. We are also undertaking a comprehensive review of the Kirgella Gift and Providence targets where we have collected a significant amount of new data. We expect this to provide us with an updated understanding of the gold mineralisation, its controls, geometry, and the best drill targets to efficiently advance the project towards its first JORC Code (2012) Mineral Resource Estimate in 2024.

Summary of Kalgoorlie Gold Mining's Strategic Position Consolidation


Kalgoorlie Gold Mining (ASX:KAL), through the grant of the new licence at Pinjin, has expanded its access to highly prospective gold targets in the Laverton Tectonic Zone. The company plans to refine and rank targets for exploration in 2024, with a focus on identifying compelling gold targets in the Eastern Goldfields. The strategic consolidation of its position in the Laverton Tectonic Zone aligns with KalGold's ambitions to advance the project towards its first JORC Code (2012) Mineral Resource Estimate in 2024. The company's comprehensive review of the Kirgella Gift and Providence targets aims to provide an updated understanding of the gold mineralisation and its controls, further supporting its exploration and development plans.

Sourcehttps://announcements.asx.com.au/asxpdf/20231214/pdf/05yk9gw9kv1x0j.pdf

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