Exploration Success at the Chatree Gold Mine
| Stock | Kingsgate Consolidated Ltd (KCN.ASX) |
|---|---|
| Release Time | 2 Jun 2025, 9:02 a.m. |
| Price Sensitive | Yes |
Exploration Success at the Chatree Gold Mine
- Significant gold intersections at the Chatree South-East Complex and Chang Puek Prospect
- 91% of 2025 planned drilling in the South-East Complex completed to inform an inaugural resource estimate
- Geochemical sampling completed at the Nueva Esperanza Development Project in Chile
Kingsgate Consolidated Limited (ASX: KCN) is pleased to announce exploration success at the Chatree Gold Mine in Thailand. The company's subsidiary, Akara Resources, has continued to intersect significant gold mineralization in the well-endowed Chatree South-East Complex, located approximately 3km from the Chatree Gold Mine. Kingsgate also reports further gold and silver continuity in the Chang Puek Prospect. The exploration programs have been focused on assessing exploration targets and characterizing mineralized zones within the Chatree South-East Complex, as well as testing the Southern and Middle Zones of the Chang Puek Prospect. Significant intercepts have been returned from various zones within the Chatree South-East Complex, including the Main Zone, Western Zone, Northern Zone, and Northeastern Zone. The company has completed 91% of the 2025 planned drilling in the South-East Complex, which will inform an inaugural resource estimate for this area later this year. Additionally, Kingsgate is pleased to report that geochemical sampling has now been completed at the Nueva Esperanza Development Project in Chile, with analytical results expected within the next two months.