Last Updated :
13 November 2008 at 12:00 IST
Aussie miner reports major gold find in Thailand
Commodity Online
BANGKOK : Australia’s miner giant Kingsgate Consolidated on Thursday said it has made a major new gold discovery in Thailand.
The discovery, to be known as Chokdee, was been made in the central Thai gold belt, 20 kilometres north of Kingsgate's existing Chatree gold mine north or Bangkok.
Sydney-based Kingsgate said a large gold-in-soil geochemical anomaly, covering approximately 30 square kilometres, surrounds the area of the discovery.
The discovery is larger than the 23 square kilometre anomaly that covers the existing Chatree mine, which has been producing gold for seven years.
Drilling has revealed an intersection of 36.5 metres of 2.9 grams per tonne of gold, including 5.8 metres of 11.7 grams per tonne of gold.
Chatree grew from an initial resource of just under one million ounces of gold to almost five million ounces since the start of mining.
Recent resource development drilling has demonstrated that the Chatree resource will increase significantly, Kingsgate said
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