Kalgoorlie gold strike tipped

Press, 2 May 1984, Page 28

Kalgoorlie gold strike tipped

NZPA Perth Kalgoorlie’s Famous Golden Mile has again lived up to its reputation as the richest stretch of dirt on earth. An extensive exploration programme by a junior explorer is proving up new zones of auriferous ore right in the middle of one of the world’s most enduring goldfields. Central Kalgoorlie Gold Mines NL’s latest drilling programme has produced promising results from the Hidden Treasure and Sunrise Prospects on its southern block of tenements. The drilling rigs which have been probing the new targets are virtually a stone’s throw from the township, and prove many of the old-timers’ theories about the potential of the

mile. The likelihood of substantial ore bodies grading less than half an ounce of gold to the ton has always been suspected but lack of suitable technology, a fickle gold price (and hence exploration and development capital) has prevented its extraction. Central Kalgoorlie has drilled only a quarter of its 250 hectare southern block which is sandwiched between the major gold producers on the mile — North Kalgurli’s Fimiston and CSR’s Paringa operations in the south and Kalgoorlie Mining Associates’ efficient Mt Charlotte mine to the north. But several mining analysts are already tipping Central Kalgoorlie has a good chance of proving up two million tonnes of goldbearing ore.