Bulong Taurus Gold Project

Gold mineral rights

The Bulong project consists of 39 granted tenements, covering an area of approximately 81 km², located about 25–35 km east to east south-east from Kalgoorlie.

The main group of tenements – consisting of 35 tenements – are located just to the east and south of the Bulong Nickel Project processing plant and associated pits. These tenements also contain a pronounced line of northeast trending historical gold workings. Historical records indicate grades of around 13 g/t Au were recovered. There have been extensive more recent gold mining activities (mainly based on eluvial occurrences and detection of nuggets by private individuals since the 1980s) in this area.

Recent activity

KalGold MD and CEO, Dr Matt Painter, said:

“Systematic appraisal of the La Mascotte project and its surrounds continues. With outcropping and shallow gold mineralisation extended to 700m strike length, down-dip extension of high-grade fresh mineralisation is next on our list. Structural analysis of drill core should provide clear targets for KalGold’s next phase of drilling. Excitingly, recently discovered gold mineralisation unearthed by prospectors immediately west of KalGold’s drilling can also be targeted by this program.”

Definition of down-dip targets at La Mascotte is ongoing:

Recently discovered, outcropping gold mineralisation at La Mascotte west of recent drilling:

March–May 2022

Results from KalGold’s 400-hole auger drill program defined extensive gold anomalism from an unexplored part of the Bulong Taurus project near La Mascotte (ASX announcement, 15 March 2022).

Phase 2 RC drill program completed in early 2022, with assay results reported in April (ASX announcement, 20 April 2022). Phase 2 RC drill program significantly extends footprint of confirmed gold mineralisation at and around La Mascotte.

Diamond drill program completed at La Mascotte.

Follow-up La Mascotte Phase 3 RC program is underway.

December 2021

Prior to KalGold’s exploration programs, a review of historical data from La Mascotte (also known historically as “Central” and “Central Taurus”) showed that gold mineralisation outcrops over an area of around 200x200m and is open down-dip to the west, as well as along strike to the north and south. La Mascotte therefore represents an open ended open pit mining opportunity with potential for underground extension.

Highlights of this review: