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An update from Kalgoorlie Gold Mining Limited ( (AU:KAL) ) is now available.
Kalgoorlie Gold Mining Limited is set to commence its largest Reverse Circulation (RC) drilling program at the Pinjin Gold Project, targeting three key areas: Wessex, Lighthorse, and Providence South. This extensive drilling initiative aims to confirm primary orogenic gold mineralization and follows promising aircore drilling results. The program, involving 50 RC holes over approximately 6,200 meters, is expected to enhance the company’s understanding of gold distribution and potentially lead to a Mineral Resource Estimate. The rapid turnaround of gold fire assays will facilitate swift follow-up actions, potentially impacting the company’s operational focus and strategic positioning in the gold mining sector.
More about Kalgoorlie Gold Mining Limited
Kalgoorlie Gold Mining Limited operates in the mining industry, focusing on gold exploration and development. The company is primarily engaged in identifying and developing gold mineralization projects, with a significant emphasis on the Pinjin Gold Project in Western Australia.
Average Trading Volume: 858,809
Technical Sentiment Signal: Hold
Current Market Cap: A$15.78M
Learn more about KAL stock on TipRanks’ Stock Analysis page.