Kalgoorlie Mining Company upgrades 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 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 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.
Courtesy: proactiveinvestors

Tags: Bullant gold mine, Gold, Gold mining, Gold mining companies, Gold mining industry, Kalgoorlie Mining Company

Posted by admin on Jan 3 2012. Filed under Gold mining. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry