Kalgoorlie Mining Company upgrades Measured, Indicated Resources at Bullant Gold Mine
Kalgoorlie Mining Company (ASX: KMC) has upgraded the Measured and Indicated Resources at the East Lode zone of the Bullant Gold Mine.
The Measured Resource within the East Lode has been upgraded by 15.51% to 48,400 tonnes from the previous resource statement, while the Indicated Resource increased 5.2% to 109,100 tonnes.
These upgrades provide greater certainty on the resource inventory at the Bullant Mine, where Kalgoorlie Mining has intercepted high grades of gold, including one impressive result of 4.6 metres at 26.19 grams per tonne (g/t) gold from 12.17 metres in the latter half of 2011.
Since the completion of the previous resource model in October 2011, new development has been identified on one new level within the East Lode, along with south ore drive development.
Significantly, the East Lode runs parallel to the Main Lode, with areas of high grade gold mineralisation in very close proximity to the current Bullant mine workings.
The new resource model will assist in the extraction of current stopes and future stoping areas.
Kalgoorlie Mining CEO Chris Daws said: "We are very pleased with the results of the latest Resource update and model for the East Lode. The increase in the Measured and Indicated resources provides additional certainty around our Resource inventory, which will in turn feed into our production profile from the East Lode."
Kalgoorlie Mining now plans to expand the East Lode Resource, with expansion drilling planned to commence on the southern extent, to test for a possible southern plunge trend, in January.
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