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Kaili Resources (ASX:KLR) completes drilling program at Gindalbie
  • Kaili Resources (KLR) has completed its drilling program at the Gindalbie Gold Project in Western Australia
  • The company's field crew has finalised the planned activities at the project with minimal delay
  • The program included 1866 metres of aircore drilling for 25 holes at Canegrass and 25 holes at Holey Dam gold prospects
  • Results are expected to be reported in two to three weeks and will help finalise further drilling plans
  • On market close, Kaili is up 11.1 per cent and is trading at four cents

Kaili Resources (KLR) has completed its drilling program at the Gindalbie Gold Project in Western Australia.

The company's field crew has finalised the planned activities at the project with minimal delay. Kaili used Kalgoorlie-based geological consultancy, BMGS and Raglan Drilling, for the drilling program.

The program included 1866 metres of aircore drilling for 25 holes at Canegrass and 25 holes at the Holey Dam gold prospect.

Work at Holey Dam focused on Area A and E, where the previous drilling outlined areas of elevated gold. While Canegrass focused on Area B which returned between 10 and 25 parts per billion of gold.

On Friday, the company only completed drilling at Holey Dam and began work at Canegrass over the weekend.

Gindalbie is located 65 kilometres north of gold town Kalgoorlie in the Yilgarn Craton region.

Further drilling is planned at the project and will be finalised once the final assay results are completed, expected in two to three weeks time.

On market close, Kaili is up 11.1 per cent and is trading at four cents per share.


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