KO Gold focuses on identifying reef/shear-hosted gold lode mineralisation in the Carrick Goldfield region. Credit: István Mihály from Pixabay.

KO Gold has secured a five-year exploration permit (EP) for the historic Carrick Goldfield in the Otago Gold District, New Zealand.

Effective 9 May 2024, the exploration permit covers around 105km².

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

KO Gold’s immediate plan is to drill several holes targeting high-angle, lode-style gold mineralisation and low-angle, shear-hosted gold mineralisation within the CPSZ.

A six-week exploration programme on the Carrick Range Prospecting Permit is under way, focusing on geological mapping, rock sampling, and extensive soil and stream sediment sampling to identify potential drilling targets.

The Carrick Range Prospecting Permit is located immediately south of the Carrick EP and both permits include the ‘Carrick Gold Project’.

Furthermore, the company plans to undertake regional exploration and drilling programmes for other permits in the Otago Gold District.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

KO Gold’s management has allocated a C$3m ($2.2m) budget for regional exploration and drilling programmes on its Carrick Range, Rough Ridge South and Tokomairiro prospecting permits as well as reverse circulation and diamond drilling programmes on its Carrick, Hyde, Glenpark and Smylers Gold exploration permits.

The company anticipates finalising access agreements and selecting a drilling contractor in the coming weeks.

RSC Consulting is responsible for managing and supporting the exploration and drilling programmes.

KO Gold president and CEO Greg Isenor said: “We see great potential for gold deposits in the Otago Gold Belt as pointed out by the presence of the many indicators of gold mineralisation, including old gold workings, gold showings, extensive alluvial gold production, geochemical anomalies and structure, etc.

“KO Gold now has four properties at the drill stage. In addition, we also have regional gold exploration programmes working to bring more properties to the drill stage. We are pleased to be working closely with both RSC and Hardie Pacific, both of whom have extensive knowledge and experience in the Otago Gold Belt.”

The Carrick Goldfield, located within the Otago Schist Belt, has seen limited modern exploration until now.

KO Gold aims to discover reef/shear-hosted gold lode mineralisation in this area, which has a history of 98 historical drill holes completed since 1980 using various drilling techniques.