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The latest announcement is out from Kalgoorlie Gold Mining Limited ( (AU:KAL) ).
Kalgoorlie Gold Mining has commenced an extensive 6,850-metre reverse circulation drilling program at its Pinjin Gold Project, targeting the Kirgella Gift and Providence deposits and the nearby Lighthorse prospect. The campaign includes 22 holes within and around the existing Kirgella Gift-Providence inferred resource of 76,000 ounces to infill and extend mineralisation, and 19 holes at Lighthorse to tighten previous coverage and test northern extensions linked to geophysical anomalies.
The six-week program aims to support an updated mineral resource estimate and better define growth potential at Pinjin, which lies along the highly endowed Laverton Tectonic Zone about 140 kilometres northeast of Kalgoorlie. Preparations are also advancing for diamond drilling at Kirgella Gift and first-pass aircore work over a structural flexure to the east, underscoring the company’s strategy to systematically build scale in a Tier One gold district near Ramelius Resources’ Rebecca development.
More about Kalgoorlie Gold Mining Limited
Kalgoorlie Gold Mining Limited is an Australian gold exploration company focused on advancing its portfolio of projects in Western Australia. Its key assets include the Pinjin Gold Project in the prolific Laverton Tectonic Zone northeast of Kalgoorlie, where it is targeting near-surface and structurally hosted gold mineralisation close to existing and emerging regional gold operations.
Average Trading Volume: 601,931
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$18.23M
For an in-depth examination of KAL stock, go to TipRanks’ Overview page.