Increased Mineralisation at Chatree South-East Complex
| Stock | Kingsgate Consolidated Ltd (KCN.ASX) |
|---|---|
| Release Time | 3 Mar 2025, 9:04 a.m. |
| Price Sensitive | Yes |
Increased Mineralisation at Chatree South-East Complex
- Significant gold intercepts across multiple zones at Chatree South-East Complex
- Mineralisation associated with quartz stockwork veining and pyrite clots
- Exploration program focused on assessing targets and characterising mineralised zones
Kingsgate Consolidated Limited (ASX: KCN) is delighted to announce that Akara Resources continues to intersect significant gold in the well-endowed Chatree South-East Complex near the Chatree Gold Mine in Thailand. The Reverse Circulation (RC) and Diamond Drilling (DD) exploration program has been focused on assessing exploration targets and characterising mineralised zones within the Chatree South-East Complex. Several significant intercepts were returned from all zones within the mineralised structure, with gold mineralisation associated with quartz stockwork veining and pyrite clots both disseminated and fractured filled, hosted within intense fractures of phyllic to silicified altered sedimentary rocks and rhyolitic breccias. The main mineralisation zone is trending to NNW and shallow dipping 20°E, sub-parallel to lithological units at the main zone, and from gentle to sub-vertical west dipping at the western zone. The exploration drilling program for the remainder of the financial year 2025 will continue to focus on testing mineralisation extensions, characterisation, and anomalies across the Chatree SE Complex, Chang Puek, Jorakae, Mangkorn, and Singto areas. Additionally, the Company is progressing geochemical assessments and preparations for sampling at the Nueva Esperanza Development Project in Chile.