Kalgoorlie Gold Mining (ASX:KAL) Expands Exploration Efforts at Pinjin Project

2 min read | September 27, 2024 04:27 PM AEST | By Team Kalkine Media

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Kalgoorlie Gold Mining (ASX:KAL) Expands Exploration Efforts at Pinjin Project — Image source: Shutterstock

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Highlights

Kalgoorlie Gold initiates detailed geophysical survey at Pinjin Project.

Focus is on high-resolution mapping for better exploration targeting.

Results from Phase 2 drilling at Wessex expected soon.

Kalgoorlie Gold Mining Ltd (ASX:KAL) has commenced a geophysical survey across the northern portion of its Pinjin project in Western Australia. This survey represents the first detailed aeromagnetic coverage of the Laverton Tectonic Zone, stretching between the southern Edjudina Goldfield and the northern Pinjin Goldfield.

The company already possesses a tailored dataset of the Pinjin project, and this new survey will integrate with existing regional datasets to enhance the resolution and accuracy of the exploration area. The new high-resolution data will allow Kalgoorlie Gold to refine its gold exploration targets more effectively, surpassing the information provided by broader state-wide regional datasets.

A key area of focus for the survey is Jungle Dam, which is characterized by a northwest-southeast trending structure running through the Jungle Dam Granite. Kalgoorlie Gold is also examining the lateral extension of the Edjudina Goldfield, hoping to identify promising gold targets within the region.

Kalgoorlie Gold’s ongoing exploration work includes compiling targets based on previous successes, such as discoveries near Hawthorn Resources’ Anglo Saxon gold deposit. Notable areas of interest include Wessex and Kirgella Gift, where past drilling has already shown potential.

Data from the current geophysical survey is expected to be finalized by the end of September. Additionally, results from the Phase 2 aircore drilling conducted earlier in the month at Wessex are anticipated to be released soon. This follows promising gold intercepts discovered in May during the first pass drilling.

Further aircore drilling is scheduled to commence in October, with exploration continuing over the next few months. Kalgoorlie Gold plans to build on its progress, with potential reverse circulation (RC) drilling at Wessex and other prospects in the pipeline.

Kalgoorlie Gold shares have remained steady, trading at 2.4 cents.

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