King River fast-tracks hunt to unlock historic WA gold camp potential

The West Australian07-02

King River Resources has completed a first-pass exploration campaign ahead of schedule at the historic Mindoolah gold project near Cue in WA’s Murchison region ahead of schedule, drilling 1583 metres ...

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potential\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-02 03:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://thewest.com.au/business/bulls-n-bears/king-river-fast-tracks-hunt-to-unlock-historic-wa-gold-camp-potential-c-22520883><strong>The West Australian</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>King River Resources has completed a first-pass exploration campaign ahead of schedule at the historic Mindoolah gold project near Cue in WA’s Murchison region ahead of schedule, drilling 1583 metres ...</p>\n\n<a href=\"https://thewest.com.au/business/bulls-n-bears/king-river-fast-tracks-hunt-to-unlock-historic-wa-gold-camp-potential-c-22520883\">Source 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at its Mindoolah project near Cue in WA, with assays from the program due from late July.","collect":0,"end_time":0,"defaultTopTitle":"thewest.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"GLL":"2倍做空黄金ETF-ProShares","XME":"金属与采矿指数ETF-SPDR","GLD":"黄金ETF-SPDR","GDXU":"MicroSectors Gold Miners 3x Leveraged ETN","IAU":"黄金信托ETF-iShares","KGLD":"Kurv Gold Enhanced Income ETF","GBUG":"Sprott Active Gold & Silver Miners ETF","YGLD":"Simplify Gold Strategy PLUS Income ETF","BGLD":"FT Vest Gold Strategy Quarterly Buffer ETF","JNUG":"金矿指数二倍做多ETF","BTGD":"STKD Bitcoin & Gold ETF","IAUI":"NEOS Gold High Income ETF","GDXY":"YieldMax Gold Miners Option Income Strategy ETF","DGZ":"做空黄金ETN(德银)","SGOL":"Abrdn Gold ETF Trust","RC":"Ready Capital Corp","BK4504":"桥水持仓","DUST":"二倍做空黄金矿业指数ETF-Direxion","JDST":"金矿指数二倍做空ETF","IAUM":"ISHARES GOLD TRUST MICRO","GLDM":"SPDR Gold MiniShares Trust","GLDY":"Defiance Gold Enhanced Options Income ETF","GOLY":"Strategy Shares Gold Enhanced 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dumps followed King River’s May review of Mindoolah, in which a drone LiDAR survey and volumetric analysis identified a major mismatch between official historical production records and the amount of material physically excavated from the old pits.The review estimated about 746,000 tonnes of surface stockpiles and waste dumps remained on site – almost 340,000 tonnes more than reported - setting the platform for the now-completed drilling campaign.The company says the drilling covered the main historical surface dumps and stockpiles at its Excelsior, Cundy and Mindoolah Main Reef mine workings. The program was designed to pin down gold distribution, test grade variability and establish baseline grades across previously excavated material left behind by earlier miners.The first sample batches are now on their way to the laboratory, with initial assays expected from late July. King River says the early completion of the stockpile and dump work has allowed its lightweight mobile RC rig to move straight into the next phase of the campaign.Part two of the program is aimed at drilling beneath old workings where exploration by previous owners may have missed the true orientation of mineralised structures. It will also test shallow extensions and reconnaissance targets next to and beneath 1980’s-era open-cut pit floors and old underground workings, including shafts dating back to the early 1900’s.Priority areas include the historic Excelsior, Cundy, Bertram’s and Mindoolah Main Reef mining areas. King River hopes the work will prove up previous drillhole logging, confirm gold-lode continuity and build its understanding of the structural corridors that control and host primary gold mineralisation.In its latest field update, the company says ongoing mapping has added more spice to the story by sniffing out more structural and lithological targets across the old pit areas. At Cundy, the team has mapped a prominent anticline, with folded banded iron formation (BIF), chert horizons and quartz-vein repetitions, providing insights into the target geometry.King River has also completed raw data collection from its low-altitude aeromagnetic geophysical survey, which was used to map concealed structures and lithological contacts across 9.5 square kilometres of the project.The speed and precision with which our exploration team has advanced field activities at the Mindoolah Mining Centre is an excellent achievement, putting our Phase 1 campaign well ahead of schedule. By rapidly concluding the high-density grid drilling phase across the historical waste dumps and stockpiles, completing 1,583 metres across 169 holes, we have successfully dispatched our first physical batches of drill samples to the laboratory weeks earlier than initially projected. King River Resources managing director Graham GadsbyThe company expects the fully processed data to be delivered by the contractor, Magtech Surveys, next week. The information will then be integrated with other analytical, mapping and geological datasets to work up the next round of drilling targets.With samples already on their way to the laboratory and the rig now chasing deeper and potentially harder rock targets below the old workings, King River has quickly shifted gears at Mindoolah. What began as a historical assessment of old dumps and mined material is now rolling into a more active test of the goldfield’s future potential.The next few weeks should show whether the old goldfield still has a few new tricks left up its sleeve. If the assays and geophysics start to line up with the company’s fresh structural thinking, Mindoolah could quickly become more than a clean-up job around old workings.Is your ASX-listed company doing something interesting? Contact:matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2648576764","isCrawlerRequest":true}