Market Alert: Gold and Silver Continue to Outperform with Robust Gains.
Kingsgate Consolidated Limited (ASX: KCN) announced the completion of planned drilling at the Chatree South-East Complex, near the Chatree Gold Mine, aimed at generating its inaugural resource estimate later this year. Drilling included both reverse circulation and diamond holes, with notable intercepts such as 16m at 2.61 g/t gold and 22m at 1.29 g/t gold. Additionally, significant gold and silver continuity was reported at the nearby Chang Puek prospect, with highlights including 32m at 2.94 g/t gold.
CEO Jamie Gibson emphasized the area’s strong potential and the team’s systematic efforts over the past 18 months to confirm mineralization extending from the original Chatree system. The exploration program also involved hydrogeological and geotechnical studies to support ongoing development. Kingsgate views the Chatree South-East Complex and surrounding belt as highly prospective and underexplored, positioning the company for future growth in Thailand.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.