Kalgoorlie Gold Mining Limited (AU:KAL) has released an update.
Kalgoorlie Gold Mining Limited reports a promising quarter with progress on its Pinjin Gold Project, revealing thick, shallow gold intercepts and similarities to the successful nearby Rebecca Gold Project. The company has initiated an initial JORC Code Mineral Resources Estimate for its Kirgella Gift and Providence targets and is investigating ways to monetize its Bulong Taurus Gold Project’s inferred resources. With a strong financial position, featuring A$1.1 million in cash and no debt, KalGold is advancing exploration to define new gold mineralization along the Laverton Tectonic Zone.
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