USD $4,165.18
Goldman Kingsgate nears completion of 2025 drilling at South-East Complex
Kingsgate Consolidated Limited (ASX: KCN) has reported continued exploration success at its Chang Puek Prospect and announced that over 90% of the 2025 drilling program at the South-East Complex—approximately 3km from the Chatree Gold Mine—has now been completed.
The company’s subsidiary, Akara Resources, has been drilling to assess and define mineralised zones in the Chatree South-East Complex, including the Southern and Middle Zones of the Chang Puek Prospect.
Key near-surface highlights from recent drilling include:
- 15m @ 5.14g/t Au from 1–16m (8201DD)
- 8m @ 20.02g/t Au from 35–43m (8182DD)
A total of 79 reverse circulation (RC) holes for 8,898m and nine diamond drill (DD) holes for 1,209m have been completed since 1 April 2025. The RC holes showed an average recovery of 63%, while diamond holes achieved a 99% recovery rate.
Eight of ten planned geotechnical holes (totaling 858m) have also been completed to support a Preliminary Feasibility Study for the South-East Complex. Meanwhile, 11 hydrogeological holes are planned for June to improve water management modelling.
At the Nueva Esperanza Development Project in Chile, Kingsgate also reported the completion of a recent geochemical sampling program. Samples have been submitted to a commercial lab, with assay results expected over the next two months.
