Latest news with #WAGovernmentExplorationIncentiveScheme
West Australian
15-07-2025
- Business
- West Australian
KalGold's Eastern Goldfields gold strike soars to 1450m
Kalgoorlie Gold Mining has significantly expanded its Lighthorse prospect within its Pinjin gold project, 140 kilometre northeast of Kalgoorlie in Western Australia's prolific Laverton Tectonic Zone. A recent air core drilling campaign, comprising 99 holes for 4710 metres, has more than doubled the strike length of Lighthorse to 1450m from an initial 600m. This program identified a second strong gold anomaly 800m north of the original discovery and confirmed mineralisation up to 1150m wide along cross-cutting structures. The expanded footprint now exceeds KalGold's nearby Kirgella Gift and Providence deposits, which host a JORC inferred mineral resource of 2.34 million tonnes at 1 gram per tonne (g/t) gold for 76,400 ounces. Key intercepts include 15m at 0.41g/t gold from 36m and 25m at 0.21g/t gold from 28m, both ending in mineralisation, suggesting potential for higher-grade zones at depth. The gold is primarily hosted in a dacitic sequence, with thicker intercepts near lithological contacts with ultramafic units, influenced by cross-cutting structures identified through geophysical reinterpretation. Gold anomalism extends along 6km of the Lighthorse Corridor, based on the integration of historic and recent drilling data, with minor gaps due to limited drilling coverage. Multi-element geochemistry, including arsenic and antimony enrichment, aligns with gold trends, particularly near Providence South, reinforcing the region's prospectivity. Painter said that when combined with earlier data, including the very high-grade initial discovery intercepts, the size, distribution and intensity of gold mineralisation at Lighthorse is consistent with the potential for significant gold mineralisation at depth. KalGold's systematic exploration approach, using a 0.1g/t cut-off for significant intercepts and tracking 50 parts per billion gold distribution, highlights vectors towards primary mineralisation targets. The company believes the extensive anomalism indicates a potential gold camp hidden beneath cover at Pinjin. To capitalise on this, KalGold is preparing its most extensive reverse circulation drilling program to date to target the new northern and southern anomalies, fill in the Lighthorse discovery zone and test shallow anomalies at the company's nearby Wessex prospect. Additionally, diamond drilling, co-funded by a WA Government Exploration Incentive Scheme grant, will commence this quarter to test a structural intersection between Kirgella Gift and Providence. KalGold aims to complete the project by November. The Pinjin project's prospectivity is further underscored by untested targets, including the Southern Gap, Northern Lighthorse extension and areas along strike from the Anglo Saxon gold mine. The Eastern Flexure Zone and Rebecca Sequence, which potentially correlate with Ramelius Resources' 1.4-million-ounce Rebecca deposit 19km south, also offer significant opportunities. With only 10 per cent of conceptual targets drill-tested, KalGold's systematic methodology continues to yield new prospects, positioning the project as a high-potential exploration hub. KalGold's expanded Lighthorse prospect signals a promising future for the Pinjin project. With robust drilling plans and a strategic approach, the company is well-placed to unlock further value in this richly endowed gold region. Is your ASX-listed company doing something interesting? Contact:
West Australian
05-05-2025
- Business
- West Australian
Venus locks in $52,500 grant for Murchison copper drilling program
Venus Metals subsidiary Redscope Enterprises has locked in a $52,500 WA Government Exploration Incentive Scheme (EIS) co-funded grant towards drilling costs to test its Pincher copper-zinc project, which is part of the company's Youanmi base metals project in Western Australia's Murchison region. The grant for the maximum amount applied for of $52,500 will cover 50 per cent of the co-funded diamond drilling costs and up to $5000 in drill rig mobilisation costs. Venus plans to plunge the drill bit into a previous reverse circulation hole drilled to a depth of 150 metres as a pre-collar. A follow-up diamond tail will test a conductor of 5000 siemens at 400m depth. Drilling costs are reduced because the pre-collar hole tested the first 150m of a much deeper hole. The company's diamond drilling program is expected to begin in June. Venus will take the opportunity to obtain core samples for metallurgical testwork planned on its zinc mineralisation identified within two holes and will complete downhole electromagnetic surveying. The EIS initiative was launched in 2009 to encourage exploration in WA and to trigger private sector resource exploration for new mineral and energy discoveries. Venus conducted ground gravity surveys on its ground across the prospective northern extension of its Pincher North Dome base metal find, which is considered to be a volcanogenic massive sulphide (VMS) system. The company encountered several gravity anomalies in the system, which contains copper, zinc and lead mineralisation. Subsequent moving loop electromagnetic survey lines were flown across the gravity anomalies using a Jessy Deeps SQUID sensor at low base frequency to achieve a maximum investigative depth. The SQUID sensor is an ultra-sensitive receiver for ground transient electromagnetic measurements with supposed unrivalled sensitivity. It can record data up to 10 times longer or three times deeper than conventional coil receivers. Management says a broad late-time response was evident on one line and modelled at 400m depth as a flat-lying, high-conductance plate at 5000 siemens, a unit of conductive measurement to determine how well a material allows electricity to flow through it. It believes the modelled plate is significant and is champing at the bit to test it in the upcoming co-funded drill program. Previous solid results at Pincher include gold hits at the Linda Gossan prospect, where the company has a 50 per cent interest through a joint venture in the regional gold rights, intersecting 9m at 15.6 grams per tonne (g/t) gold from surface, including a 3m hit of 35.2g/t from 1m. Venus is in the enviable position of holding 55 million shares in gold explorer Rox Resources. Those shares are currently valued at near $17M. Venus last week revealed a high-tech collaboration with leading science research organisation CSIRO to ramp up the hunt for more gold in WA's richly endowed Sandstone region. The company has inked a deal through the CSIRO's Kick-Start program, securing a $47,426 voucher to fund a six-month research project to home in on gold and copper alteration zones at the Bellchambers deposit, within its Sandstone gold deposit. Venus plans to use a combination of hyperspectral satellite imagery, downhole scanning and handheld spectrometers to rigorously map the deposit's mineral system with highly detailed 3D accuracy. Sitting 23 kilometres southwest of the historic Sandstone gold-rush township and 70km from Rox Resources' Youanmi gold mine, Bellchambers has a modest but promising gold resource of 722,000 tonnes grading 1.31g/t gold for 30,500 ounces. The company is conducting a 2000m reverse circulation drilling campaign that will plunge 26 holes into the prospective ground to test for gold outside the known resource and around the Bellchambers deposit. All the reverse circulation chips and core samples will feed directly into the CSIRO's project to refine its advanced minerals mapping. The CSIRO collaboration comprises next-generation hyperspectral satellite sensors that can scan the Earth's surface in unprecedented detail, creating mineral maps that dovetail with subsurface data from Venus' drilling program. By integrating HyLogger-3TM downhole imagery and surface spectrometry, the project aims to generate a holistic view of the mineralising system, potentially kicking-up new gold-copper zones across the 125 square kilometre tenement. Wisely, Venus has targeted the available government funding to help it pursue a coveted potential, new copper-zinc deposit in WA. Is your ASX-listed company doing something interesting? Contact:
