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Coolgardie Minerals has kicked off a near-mine exploration drilling program at its operating Geko gold mine near Coolgardie in WA, with the aim of extending mineral resources beyond the limits of the existing open pit. The work will target areas east and west of the open pit at depth and also along strike west of a high-grade supergene oxide pod of gold mineralisation noted from earlier grade control drilling.

Coolgardie Minerals has commenced open pit mining at its flagship Geko gold project near Coolgardie in the Goldfields region of W.A. The company listed on the ASX this week after it closed out an over-subscribed IPO in July, that put over $4m in its coffers. It will now look to create an early cash flow position from the mine by investigating toll treating options.

Coolgardie Minerals will look to create an early cash machine from the Bullabulling Gold Project near Coolgardie to fund its exploration program on a number of other exciting prospects that it will take to IPO in July. The Neil Warburton-chaired company is targeting the Bullabulling shear zone that already hosts millions of ounces in the region.