THE DRILL SERGEANT: Kalgoorlie Mining Company has reported the latest instalment of drilling results of the East Lode at the company’s Bullant gold mine.
KMC has completed a further 22 holes, which have provided the final drill results from an exercise the company carried out that was aimed at defining extensions along strike and at depth of its East Lode.
Long section showing drill hole location. Source: Company announcement
The latest results have returned grades up to 9.77 grams per tonne gold across a recorded true thickness of 2.40 metres.
The company said the latest results, combined with the 30 drill holes that it has previously released to the market, have been able to demonstrate that mineralisation of the East Lode still occurs.
Other results from the final stage of underground diamond drilling program include:
– 1.68m @ 12.94g/t Au for true thickness of 0.92m; and
– 2.76m @ 6.84g/t Au for 1.80m true thickness.
“Since the acquisition of the Bullant mine, KMC have been continuously testing areas of the East Lode that had previously remained un‐tested,” the company said in its ASX announcement.
“Over a period of 10 months, the company has successfully drilled 5,942 metres and intersected the East Lode in 52 drill holes.
“The outcome of the recent drill results highlight that there is still continued growth and mineralisation associated with the lode.
“Results also indicate that the East Lode mineralisation is persisting at depth and is not closed off, with the deepest intercept approximately more than 200 metres below the current development.”
KMC announced an upgrade on the resource in October.
The company said its next step will be to incorporate the newly released drill holes into an updated resource model, which it anticipates to have completed and released by the end of the year.
Planning is currently underway to allow for further testing of the East Lode early next year.
A drill platform is currently being developed on the 6014RL Level that will allow for a comprehensive campaign to test the southern region of the East Lode.