Shallow gold in all directions for KalGold
Kalgoorlie Gold Mining or KalGold has spotted a near surface open pit mining opportunity at its La Mascotte gold system near Kalgoorlie after reviewing a grab bag of historical bonanza near surface gold hits. The La Mascotte prospect sits within the Bulong Taurus gold project area approximately 35 kilometres to the east of Kalgoorlie and boasts a plethora of historically anomalous drill results.
Over 90 historical drillholes from the La Mascotte prospect were analysed primarily consisting of RC drilling with limited diamond drilling data. Drill hole spacing was approximately 40mx20m providing KalGold with a thorough and systematic dataset to interpret. KalGold says the shallow nature of mineralisation represents a great opportunity to sink an economically viable open pit into the La Mascotte prospect.
Any open pit mining opportunity would also have the potential to grow with mineralisation remaining open along strike in both directions. Additionally, the fantastic grades intercepted at depth provide the company with confidence that an underground mining extension is also a viable option. Mineralisation at La Mascotte represents a meagre 1 per cent of KalGold’s Bulong Taurus project area and is just one of dozens of historical mines and structural targets in the area.
Having just arrived on the scene, this junior explorer seems to have muscled in on some prime real estate where it will be looking to write its own chapter in 2022.