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Kalgoorlie Gold Mining Limited ( (AU:KAL) ) has issued an update.
Kalgoorlie Gold Mining Limited has commenced a diamond drilling program at its Pinjin Gold Project, specifically targeting the Kirgella Gift and Providence deposits. This initiative, co-funded by the Western Australian Government’s Exploration Incentive Scheme, aims to enhance the understanding of these deposits and their mineralisation patterns. The drilling program, which includes four holes totaling approximately 1,070 meters, was delayed due to adverse weather conditions but is expected to be completed in three weeks. This development could potentially strengthen KalGold’s position in the gold mining sector by providing valuable insights into the high-grade intersections and mineralisation relationships within the deposits.
More about Kalgoorlie Gold Mining Limited
Kalgoorlie Gold Mining Limited is a company operating in the gold mining industry, focusing on exploration and development of gold deposits. The company is strategically positioned in the prolific Laverton Tectonic Zone in Western Australia, near significant gold projects such as Ramelius Resources’ Rebecca Gold Project.
Average Trading Volume: 1,216,211
Technical Sentiment Signal: Buy
Current Market Cap: A$31.75M
For an in-depth examination of KAL stock, go to TipRanks’ Overview page.