Kalgoorlie Gold Mining boosts resource estimate prospects at Kirgella Gift with new key zones
Kalgoorlie Gold Mining (ASX: KAL) has achieved a number of positive results from drilling and new studies at the Kirgella Gift and Providence prospects within its Pinjin project in Western Australia.
The new results have helped the company identify strong similarities to deposits at the nearby Rebecca gold project and boost confidence as it prepares to complete a new mineral resource estimate (MRE) at Kirgella Gift.
“As gold prices surge, we believe that there is a clear pathway for KalGold to access its gold resources to realise maximum benefit for shareholders,” managing director Matt Painter said.
“The company is defining thick, shallow gold mineralisation within our projects that is either outcropping (at La Mascotte deposit near Kalgoorlie) or near surface (at Kirgella Gift and Providence, Pinjin).”
“This provides a unique and exciting opportunity for inexpensive free digging into highly prized oxide gold mineralisation for rapid monetisation of the Company’s gold assets.”
Strong comparisons
Mr Painter said the company has undertaken a full reassessment of the Kirgella Gift and Providence gold prospects, enabling it to draw strong comparisons to the gold deposits at the Rebecca project.
Rebecca lies 21 km along strike to the south, where Apollo Consolidated had reported extensive anomalous gold mineralisation as a halo to higher grade mineralisation.
“We are focused on defining a shallow, first-pass […] MRE at Kirgella Gift in the Pinjin gold project to advance assessment for open pit gold mining.”
Kalgoorlie Gold has incorporated all data from its three drill programs to date in its recently completed full assessment of the Kirgella Gift and Providence gold systems.
A new view
Mr Painter says the identification of a “Rebecca-style” lens in the study of its dataset has allowed the company to identify key features of the mineralising system that aid further exploration and resource definition, including unveiling three main zones of gold mineralisation at Kirgella Gift and two main zones of gold mineralisation at Providence.
The studies have also identified numerous footwall and hanging wall lodes which have shown varying degrees of lateral continuity.
A structural break at Kirgella Gift that aligns with regional magnetic data is also well-illustrated by this new perspective.
Certainty and clarity
Kalgoorlie Gold says it is now able to model these clearly-defined features with certainty and clarity, supporting definition of further exploration targets as well as three-dimensional (3D) triangulations to construct a first MRE at Pinjin.
The 3D geological model of gold mineralisation at Kirgella Gift and Providence will utilise data from both the company’s 2023 drill programs as well as the completely redigitised and verified historic dataset.
Mr Painter said this will help minimise resource definition costs in a similar way to the company’s initial MRE at La Mascotte released in March 2023.
“It also aligns with the company’s strategy of defining shallow, low-cost resources in the Eastern Goldfields.”