Kalgoorlie Gold Mining First Inferred Mineral Resource for Kirgella Gift and Providence

Kalgoorlie Gold Mining (ASX: KAL) has reported its inaugural Inferred Mineral Resource Estimate for the Kirgella Gift and Providence deposits at the Pinjin project. The estimate reveals 2.34 million tonnes at 1.0 g/t Au, totaling 76,400 ounces of gold, with the resource starting from just 3 meters depth. The mineralisation remains open along strike and at depth, suggesting potential for significant resource expansion.

With a low direct exploration cost of approximately AU$4.20 per ounce, the discovery enhances Kalgoorlie's total resource base to 214,300 ounces. The current high gold price of over AU$3,600 per ounce bolsters interest in these projects, setting the stage for further resource growth and mining studies.

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