Kingsgate Consolidated (ASX:KCN) is pleased to announce that preliminary assay results from a recently completed reverse circulation drilling campaign at Nueva Esperanza returned significant gold intersections in the new project area of Carachita, within 2 kilometres of the proposed plant site.
Kingsgate Consolidated Limited
Kingsgate Consolidated Limited (ASX:KCN) is a highly successful ASX listed gold company with significant expertise in gold exploration, development and mining, using world's best practice for safe, environmental and socially responsible operations.
The company was listed in 1988 and commenced gold production at its Chatree Gold mine in Thailand in 2002. Today, with geopolitical diversification Kingsgate owns and operates two gold mines, the high quality Chatree mine in Thailand and the underground Challenger mine in South Australia, together producing approximately 200,000 ounces of gold per annum. In addition, the company has two major development projects, the Nueva Esperanza silver/gold project, in the highly prospective Maricunga Gold/Silver Belt in Chile, and the Bowdens silver project in New South Wales in Australia.
From the strong operating and development platform, Kingsgate aims to build value though earnings and dividend growth for the benefit of all shareholders.
The technical evidence is mounting for a significant change in market sentiment for gold and the gold sector in North America and in Australia. The evidence may still be tentative but important changes seem to be underway in a number of markets.
LIVE WEBCAST - Sydney Mining Club Thursday 5th September from Sydney with Indochine Mining (ASX:IDC) and Base Resources (ASX:BSE)
Live Webcast from the Sydney Mining Club in Sydney on 5th September are two advanced Australian explorers boasting exciting projects with exceptional value for Investors.
Indochine Mining Limited (ASX:IDC) Chairmans Address to Shareholders at Annual General Meeting 18 July 2011
Indochine Mining Limited (ASX:IDC) is pleased to release Chairman's address to shareholders at annual general meeting on 18 July 2011.
Kingsgate Consolidated Limited (ASX:KCN) (PINK:KSKGF) is pleased to announce that today its Thai subsidiary, Akara Mining Limited, executed a US$100 million baht denominated syndicated loan facility that completes its funding requirements for the expansion of its Chatree Mine to over 5 million tonnes per annum ore throughput. The participants in the syndicated loan facility are CIMB Thai Bank Public Company Limited (CIMB), the Bangkok branch of Sumitomo Mitsui Banking Corporation (SMBC) and Investec Bank (Australia) Limited (Investec). Participation is US$42 million, US$40 million and US$18 million respectively.
Kingsgate Consolidated Limited (ASX:KCN) Announce High Grade Intersections At Challenger Mine In South Australia
Kingsgate Consolidated Limited (ASX:KCN) (PINK:KSKGF) said today that exploration drilling targeting extensions to the Challenger West shoot at the Challenger Mine in South Australia has intersected spectacular gold mineralisation including 2.16 metres grading 109.83 g/t gold.
Kingsgate Consolidated Limited (ASX:KCN) (PINK:KSKGF) received conditional approval in late March for the amended mine plan for the Chatree Gold Mine which includes access to the higher grade C north pit area. However, the mining approval requires clarification and additional certification from the local and regional Main Roads authorities. With this additional delay access to higher grade ore in C North is now expected sometime in the June Quarter. The positive impact of the higher grade ore from C North should now be felt in the second half of the calendar year.
Kingsgate Consolidated Limited (ASX:KCN) Appoints Mr Peter Alexander As Independent Non-Executive Director
Kingsgate Consolidated Limited (ASX:KCN) (PINK:KSKGF) is pleased to announce the appointment of Mr Peter Alexander as an independent non-executive director with effect from 22 February 2011.
Kingsgate Consolidated Limited (ASX:KCN) Receives FIRB Approval For Combination With Dominion Mining Limited (ASX:DOM)
Kingsgate Consolidated Limited (ASX:KCN) (PINK:KSKGF) announces it has received confirmation from the Foreign Investment Review Board that it has no objections in terms of the Government's foreign investment policy to the proposed schemes of arrangement with Dominion Mining Limited (ASX:DOM) (PINK:DMNOY), announced to the Australian Securities Exchange on 20 October 2010.
Kingsgate Consolidated Limited (ASX:KCN) Drilling Continues to Extend High Grade Gold Zones at Chatree Gold Mine
Recent resource drilling at Kingsgate Consolidated Limited (ASX:KCN) (PINK:KSKGF) Chatree Gold Mine has confirmed high grade gold structures below the A Pit and continues to extend the high grade zones in S Pit. This further demonstrates progress in the underground mining potential at Chatree.