Kingsgate Nears 2025 Drilling Completion with High-Grade Gold Hits at Chatree SE Complex

Exploration Momentum at Chatree South-East Complex

Kingsgate Consolidated Limited, through its subsidiary Akara Resources, has made notable progress in its 2025 exploration campaign at the Chatree South-East Complex in Thailand. With 91% of the planned drilling now complete, the company is well positioned to deliver an inaugural resource estimate later this year. The drilling program, employing both Reverse Circulation (RC) and Diamond Drilling (DD) techniques, has yielded significant gold intercepts, including standout results such as 15 meters at 5.14 grams per tonne gold from near surface and an 8-meter interval grading 20.02 grams per tonne.

Expanding Mineralisation at Chang Puek Prospect

Alongside the Chatree complex, exploration at the Chang Puek Prospect continues to reveal encouraging continuity of gold and silver mineralisation. Drilling in the Southern and Middle zones has extended known mineralised zones beyond 250 meters, with assays confirming multiple intercepts of economic interest. The geological setting, dominated by silicified rhyolitic tuff interspersed with quartz veins and sulfide minerals, supports the potential for further resource growth.

Supporting Technical Studies and Infrastructure

To underpin future development, Kingsgate has initiated geotechnical drilling and hydrogeological studies at the Chatree South-East Complex. Eight geotechnical holes have been completed to inform a planned Pre-Feasibility Study, while hydrogeological drilling is scheduled for June 2025 to refine water management strategies. These efforts demonstrate a methodical approach to advancing the project from exploration to potential production.

Progress at Nueva Esperanza Project in Chile

In Chile, Kingsgate’s Nueva Esperanza Development Project has completed its 2025 geochemical sampling program, collecting 725 samples across target areas. These samples have been dispatched for laboratory analysis, with results anticipated within the next two months. This program aims to identify subsurface gold and silver mineralisation in a high sulphidation system, complementing Kingsgate’s broader portfolio of exploration assets.

Outlook and Next Steps

While some drilling was delayed due to seasonal weather and farming activities, Kingsgate’s comprehensive exploration and technical programs position it well for upcoming resource estimates and feasibility assessments. Investors will be watching closely for the release of assay results from Chile and the formal resource estimate for the Chatree South-East Complex, which could mark a significant milestone in Kingsgate’s growth trajectory.