A new drilling campaign at Red 5’s King of the Hills (KOTH) gold mine in Western Australia has indicated potential extensions to a number of key deposits.
The results of the drilling has indicated the potential to deliver mine life extensions at KOTH underground within the Regal and West Bulk mining areas.
“These drilling results from King of the Hills further reinforce the robustness of the mine plan, while also highlighting the opportunity to extend mine life,” Red 5 managing director Mark Williams said.
The results also confirm the underground mine plan for the 2024–25 financial year (FY25) and identify extensions to the key Regal and West Bulk mining areas, as well as the potential sub-parallel structural repeat that hole KHGC0240 is indicating down plunge from Regal.”
Williams said the campaign has de-risked Red 5’s FY25 mine plan.
“King of the Hills is a large ore body, with significant areas remaining relatively undrilled, providing potential growth opportunities to expand resources and reserves and extend mine life into the future,” he said.
“It is also encouraging to have identified a new mineralised fault structure as part of the Stage 1 cutback of the KOTH open pit.”
The start of 2024 has been a winner for Red 5, with the gold miner marking the fourth consecutive quarter over 50,000 ounces in March.
“All three of our mines – KOTH open pit, KOTH underground and Darlot underground – continued to perform well, delivering the required tonnes and grade,” Williams said.
“KOTH open pit had a standout quarter, with a total of 1.8 million tonnes of ore being mined at an overall grade of 0.81 grams per tonne.”
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