Continued Exploration Success at the Chatree Gold Mine
Key points
- Successful drilling at Chatree South-East Complex, with significant gold intercepts
- Continued exploration success at Chang Puek prospect, with additional gold mineralization identified
- Hydrogeology and geotechnical studies underway to support future development
Full summary
Kingsgate Consolidated Limited (ASX: KCN) announced continued exploration success at the Chatree Gold Mine in Thailand. The company has completed planned drilling to inform an inaugural resource estimate for the Chatree South-East Complex, a prospective area located approximately 3km from the Chatree Gold Mine. Drilling highlights at the South-East Complex include 16m@2.61 g/t Au, 16m@0.92g/t Au, and 22m@1.29g/t Au. Kingsgate also reported further significant gold and silver continuity at the Chang Puek prospect, with drilling highlights including 32m@2.94g/t Au, 15m@0.91g/t Au, and 10m@2.36g/t Au. The company has engaged consultants to conduct hydrogeology and geotechnical studies for the Chatree South-East Complex to support future development. Exploration activities are also ongoing at the Nueva Esperanza Development Project in Chile, with geochemical assessment of rock chip and soil samples in progress.
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