| Further Strong Gold and Silver Assay Results at Chimberos West, Chile | |
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Kingsgate Consolidated Ltd (ASX: KCN) is pleased to announce new assay results from the ongoing drilling program at its Nueva Esperanza project in Chile, which commenced in August 2014. To date, 9,120 metres have been drilled in 41 holes, supported by a program of high-resolution ground magnetics and induced polarisation/resistivity.
The latest results include:
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48m @ 7.65g/t gold & 94g/t silver (9.2g/t AuEq60) from 142 metres,
including 4m @ 38.24g/t gold & 76g/t silver (39.5g/t AuEq60) from 159 metres in ECHR-47;
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25m @ 1.07g/t gold and 317g/t silver (6.3g/t AuEq60) from 99 metres;
including 3m @ 1.25g/t gold & 2,187g/t silver (37.7g/t AuEq60) from 118 metres
in ECHR-47;
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100m @ 1.96g/t gold & 152g/t silver (4.5g/t AuEq60) from 92 metres in ECHR-55,
including 34m @ 3.92g/t gold & 332g/t silver (9.5g/t AuEq60) from 126 metres,
including 6m @ 5.28g/t gold & 1,157g/t silver (25.1g/t AuEq60) from 142 metres;
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17m @ 4.55g/t gold & 72g/t silver (5.8g/t AuEq60) from 129 metres in ECHR-38;
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24m @ 2.98g/t gold & 45g/t silver (3.7g/t AuEq60) from 202 metres in ECHR-52;
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12m @ 2.40 g/t gold & 47 g/t silver (3.2g/t AuEq60) from 135 metres in ECHR-48;
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10m @ 3.87g/t gold & 11g/t silver (4.0g/t AuEq60) from 230 metres in ECHR-53; and,
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5m @ 7.38g/t gold & 26g/t silver (7.8g/t AuEq60) from 229 metres in ECHR-54.
Drilling continues to intersect significant and consistent gold and silver mineralisation to the immediate west of the existing Chimberos Pit in an area named Chimberos West. While mineralisation remains open at depth and laterally, geological interpretation shows well defined structural control, which can now be used to target extensions to this highly prospective area.
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Kingsgate Consolidated Ltd
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PRODUCER |
CODE : KCN.AX |
ISIN : AU000000KCN1 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Kingsgate is a zinc and lead producing company based in Australia. Kingsgate produces zinc, lead, gold and silver in Thailand, develops lead, silver and zinc in Australia, and holds various exploration projects in Australia. Its main asset in production is CHATREE in Thailand and its main asset in development is BOWDENS in Australia. Kingsgate is listed in Australia, in Germany and in United States of America. Its market capitalisation is AU$ 364.4 millions as of today (US$ 237.9 millions, € 222.3 millions). Its stock quote reached its highest recent level on January 07, 2011 at AU$ 9.90, and its lowest recent point on October 21, 2016 at AU$ 0.13. Kingsgate has 223 580 000 shares outstanding. |