ASX-listed Kalgoorlie Gold Mining has begun assessing drill targets over its highly prospective but vastly under-explored Pinjin and Ninga Mia gold projects in Western Australia’s Goldfields. The Pinjin project occupies prime real estate along strike from Ramelius Resources’ Lake Rebecca project and Ninga Mia is no slouch either sitting adjacent to Kalgoorlie’s fabled super pit.
The Pinjin gold project sits on the Laverton Tectonic Zone. Its main target areas sit under transported cover immediately south of the Zelica open cut gold mine and west of the historic Pinjin gold mining centre. The project recently had a spate of metal detected gold nugget discoveries in areas of virtually no historic drill exploration.
Several north-northeast and north-northwest striking faults and shears propagate through the Laverton Tectonic Zone, an area that hosts millions of ounces of gold mineralisation including the Granny Smith and Sunrise Dam gold mines.
KalGold holds all of the mineral rights on its Pinjin tenure and will systematically test other mineral opportunities at the project. Updated geophysical datasets of the area are also being acquired that are expected to assist in increasing the accuracy of drill targeting in the area, according to the company.
The Eastern Goldfields explorer is busily reinterpreting historically unloved datasets at Ninga Mia and defining a cornucopia of prospective targets in the process. Its primary targeting criteria is based on following faults that control mineralisation at the adjacent Mt Charlotte gold mine and mapping where they propagate into KalGold’s tenure. Several new targets are being identified where the Mt Charlotte faults intersect porphyries, late-stage conglomerates and other faults that the company says have not felt the bite of the drill bit historically.
A previous outdated geological interpretation showed the gold mineralisation at the Mt Charlotte fault terminates to the north before entering KalGold’s Ninga Mia tenement portfolio. However the company says new geological interpretations using detailed geophysical datasets have identified that several faults controlling the mineralisation appear to propagate further north than originally thought, opening up a plethora of drill targeting opportunities for KalGold.
Pinjin and Ninga Mia are the first of its projects to undergo detailed assessment outside of the flagship Bulong Taurus project just east of Kalgoorlie where drilling is currently underway following up recent gold mineralised discoveries.
Kalgoorlie Gold Mining’s Managing Director, Dr Matt Painter said:
“Targeting at the Ninga Mia (Kalgoorlie) and Pinjin projects has begun. Importantly, some of the structures that control gold mineralisation within the Golden Mile at Kalgoorlie appear to propagate into the Ninga Mia tenure. These are being vigorously assessed.”
“KalGold’s Pinjin project is in the Laverton Tectonic Zone along strike from million-ounce deposits that have been the subject of recent corporate activity. Pinjin is showing great potential. Targets have already been identified for testing in future drill programs.”
Not content with the work going on at the Bulong Taurus project area, KalGold appears keen to roll up its sleeves and get the drill bit into the ground at two projects that might not be accurately described as “under-explored” for much longer. Things might start getting very busy at the fledgling company.
Ninga Mia in particular is notable in so much as it is only a geological stone’s throw from the massive Kalgoorlie Super Pit – home to one of Australia’s largest ever gold deposits. In fact it is curious that KalGold has even managed to pick up ground just 6km from the Super Pit.
It is even more curious that KalGold says its Ninga Mia tenure already has a historic anomalism that was never followed up, numerous old workings at surface and outcropping geology that looks promising – no doubt the first set of drill results from Ninga Mia will be highly anticipated by the market.
Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au
By Matt Birney
