Kingsgate Consolidated Limited Update: Significant Gold Intercepts and New Exploration Targets.

Dec 13, 2024

Kingsgate Consolidated Limited (ASX: KCN) announced promising gold exploration results from its Chatree South-East Complex in Thailand and new targets at the Nueva Esperanza Project in Chile. At Chatree, Akara Resources completed 22 RC holes, one diamond hole, and one RD hole, uncovering significant gold intercepts, including 17m@0.48 g/t Au and 51m@0.86 g/t Au, indicating extensive mineralization in the Western and Main Zones. These findings will support an inaugural resource estimate in 2025.

In Chile, a geochemical study identified three new gold-silver exploration targets at Nueva Esperanza. Drilling at the Singto Prospect returned 95m@0.42 g/t Au, further highlighting the region's potential. Kingsgate’s strategic exploration initiatives aim to enhance resource estimates and expand future development opportunities across both projects.

 

 

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