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Kalgoorlie Gold Mining Completes Initial Drilling at Lighthorse Prospect

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Kalgoorlie Gold Mining Completes Initial Drilling at Lighthorse Prospect

Kalgoorlie Gold Mining Limited ( (AU:KAL) ) just unveiled an update.

Kalgoorlie Gold Mining Limited has completed its first reverse circulation drill program at the Lighthorse gold prospect, overcoming challenges such as rain and groundwater inflows. The program, which consisted of 16 drill holes totaling 2,446 meters, aims to map the three-dimensional distribution of gold mineralization. With assays being fast-tracked, the company anticipates reporting results soon. Additionally, an aircore drill program is set to commence after Easter to explore potential strike extensions, which could enhance KalGold’s strategic positioning in the region.

More about Kalgoorlie Gold Mining Limited

Kalgoorlie Gold Mining Limited (KalGold) is an ASX-listed resources company known for its cost-effective gold discovery operations in Western Australia. The company boasts a substantial gold resource exceeding 214,000 ounces and focuses on defining shallow, potentially open-pittable gold resources at low costs. KalGold’s key projects include the Pinjin Project within the Laverton Tectonic Zone and the Bulong Taurus Project near Kalgoorlie-Boulder, where it continues to explore and define mineral resources.

YTD Price Performance: 260.0%

Average Trading Volume: 6,607,830

Technical Sentiment Signal: Sell

Current Market Cap: A$26.85M

For detailed information about KAL stock, go to TipRanks’ Stock Analysis page.

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