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Kalgoorlie Gold Mining Limited ( (AU:KAL) ) has issued an update.
Kalgoorlie Gold Mining Limited has completed its most extensive aircore drill program at the Lighthorse site, with 99 holes drilled over a 2.5 km strike. The company anticipates assay results within 6 to 8 weeks, which will guide further exploration efforts. The successful completion of this program is a significant step in defining the potential gold mineralization at Lighthorse, enhancing KalGold’s strategic positioning in the gold mining industry. Additionally, the company is evaluating geophysical techniques to identify buried structures, which may further aid in exploration.
More about Kalgoorlie Gold Mining Limited
Kalgoorlie Gold Mining Limited (KalGold) is an ASX-listed resources company focused on low-cost gold discovery. With a large portfolio of projects in Western Australia, the company boasts a total gold resource exceeding 214,000 ounces. KalGold is committed to defining shallow, potentially open-pittable gold resources at costs below A$4.60 per ounce. Its key projects include the Pinjin Project, located within the Laverton Tectonic Zone, and the Bulong Taurus Project near Kalgoorlie-Boulder.
Average Trading Volume: 4,485,541
Technical Sentiment Signal: Sell
Current Market Cap: A$15.64M
See more insights into KAL stock on TipRanks’ Stock Analysis page.