Accelerate Resources has reported impressive high-grade gold assay results from its newly acquired Balagundi Gold Project near Kalgoorlie, with grades reaching up to 32.9 g/t Au. The company is gearing up for maiden drilling in November 2025 to further explore these promising targets.
- High-grade gold assays up to 32.9 g/t from rock chip sampling
- Two sub-parallel gold lodes identified with combined 2 km strike
- Balagundi project located near major Kalgoorlie gold operations
- Maiden reverse circulation drilling planned for November 2025
- Ongoing soil sampling and structural mapping to refine targets
Balagundi Project, A New Gold Frontier Near Kalgoorlie
Accelerate Resources (ASX, AX8) has revealed compelling early-stage exploration results from its Balagundi Gold Project, situated just east of Kalgoorlie in Western Australia. The project lies within the prolific Norseman–Wiluna belt of the Yilgarn Craton, a region renowned for hosting world-class gold deposits. Balagundi’s proximity to Northern Star’s Kanowna Belle and the KCGM Super Pit, which collectively boast multi-million-ounce gold resources, underscores the strategic potential of this underexplored tenure.
High-Grade Rock Chip Sampling Highlights
The gold mineralisation is hosted in sheared and veined mafic volcanic and sedimentary units, consistent with orogenic gold systems typical of the region. The presence of multiple high-grade zones, supported by both recent and historic data, suggests continuity and scale that warrant further detailed investigation.
Strategic Exploration and Upcoming Drilling
Accelerate Resources is actively advancing its exploration program with ongoing soil sampling and structural mapping aimed at refining drill targets along the Balagundi–Paris corridor. The company has engaged respected geological consultants to enhance its understanding of mineralisation controls, which will guide the imminent drilling campaign.
Maiden reverse circulation (RC) drilling is scheduled to commence in November 2025, pending contractor availability and permitting. This initial drilling phase will test high-priority targets identified through mapping and sampling, marking a critical step in validating the project’s resource potential.
Historical Context and Future Potential
Balagundi has a history of gold production, with approximately 4,000 ounces extracted from underground workings historically. The area features narrow, high-grade quartz veins with grades ranging from 5 to 30 g/t Au, hosted within structurally complex shear zones and tension vein arrays. Despite its location near a major gold mining hub, much of the project area remains underexplored, with many prospective zones untested in recent decades.
Accelerate’s acquisition and systematic exploration efforts could unlock significant value by tapping into this underexplored gold system. The company’s methodical approach, combining modern sampling techniques with historical data integration, positions it well to delineate a meaningful gold resource.
Bottom Line?
As Accelerate Resources prepares for maiden drilling, the Balagundi project stands poised to reveal its true gold potential in one of Australia’s richest mining districts.
Questions in the middle?
- Will the upcoming RC drilling confirm the continuity and scale of the high-grade gold zones?
- How might Accelerate Resources leverage historical data alongside new exploration to accelerate resource definition?
- What are the potential challenges in accessing and developing the identified lodes given the structural complexity?