Kalgoorlie Gold Mining (ASX:KAL) has received a new licence at its Pinjin project covering from the WA Department of Mines, Industry Regulation and Safety (DMIRS).
Covering 38.5 sq. km, 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.
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,” Managing Director Matt Painter said.
“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.”
The grant of E 28/3134 opens a highly prospective area for gold at Pinjin that in the company’s view has not been adequately tested by previous explorers. This covers a distinct regional-scale bend in the Laverton Tectonic Zone.
From the northwest around Hawthorn Resources’ Anglo Saxon Gold Mine, faults and strata of the Pinjin Goldfield strike north-northwest, reorienting clockwise to a north-south orientation to the south toward Ramelius Resources’ Rebecca Gold Project.
The axis of this broad curvature highlights internal structures and bends along with demagnetised magnetic ridges, making this a prime target area for gold mineralisation.
The entirety of E 28/3134 is flat, almost devoid of outcrop, and covered by thin transported sand, clay and sparse scrub. Historic exploration has been very limited.
The company is evaluating the most effective methods to test new target areas, and could include aircore drilling, RC drilling, and other methods like ultrafine surface sampling that effectively “sees” geochemically through transported overburden to provide low-level indicators of underlying gold mineralisation.
The company has also commenced a review of its results from the Kirgella Gift and Providence targets. With three drill programs completed and a critical mass of data now collected, we are statistically analysing all assay results in conjunction with interrogation of drill logs to give us the best possible understanding of the controls on gold mineralisation. Detailed 3-dimensional interro- gation in conjunction with geophysical datasets and an enhanced understanding of the local geology are expected to provide the best possible opportunity to advance the project smartly and efficiently toward a new JORC Code (2012) Mineral Resource Estimate and move the company closer to the farm-in threshold to trigger acquisition of the tenure.
