Kalgoorlie Gold Mining Ltd Strikes Gold with Lighthorse Discovery at Pinjin

Key Highlights

• Kalgoorlie Gold Mining (ASX: KAL) announces a major high-grade gold discovery at Pinjin, named 'Lighthorse.'
• Drill results include 17m at 4.81 g/t Au, with sections as high as 9.21 g/t Au.
• Lighthorse extends over a 600m strike and remains open in multiple directions, signaling a significant gold system.
• Fast-tracked RC drilling program planned for March 2025 to define the full extent of mineralization.

KalGold Uncovers High-Grade Gold System at Pinjin

Kalgoorlie Gold Mining Ltd (ASX: KAL) has made a significant gold discovery at its Pinjin project in Western Australia, with thick, high-grade gold intercepts that highlight the untapped potential of the region. Dubbed the 'Lighthorse' discovery, the find underscores the company's strategic focus on systematic exploration and its growing footprint in one of Australia’s most prolific gold belts.

The standout drill results include:

1. KGAC24152: 17m at 4.81 g/t Au from 48m, including 8m at 9.21 g/t Au from 52m (ending in mineralization).

1. KGAC24153: 4m at 4.72 g/t Au from 52m (ending in mineralization).

These results follow earlier drilling that revealed gold mineralization at Kirgella Gift and Providence, reinforcing KalGold’s belief in Pinjin’s resource potential.

Strategic Positioning in a Hotbed of Gold Discoveries

The Lighthorse discovery is strategically located within a key exploration corridor, just 1km west of Kalgoorlie Gold Mining (ASX: KAL) Kirgella Gift and Providence deposits. The area is quickly emerging as a focal point for gold exploration, with proximity to other major discoveries, including:

1. 12km south of Hawthorn Resources’ Anglo Saxon Gold Mine.

1. 22km northwest of Ramelius Resources’ Rebecca Gold Project.

1. 30km east of OzAurum Resources’ high-grade Mulgabbie North discovery.

Given the size of Lighthorse’s mineralized footprint—surpassing that of Kirgella Gift or Providence—the company is accelerating its follow-up RC drilling program, scheduled for March 2025, pending rig availability.

The Potential of Lighthorse: A Game-Changer for KalGold?

The mineralized system at Lighthorse extends along a 600m northwest-southeast strike, with additional crosscutting structures extending over 800m. This suggests that the high-grade gold mineralization is not only extensive but also structurally controlled, increasing the chances of further economic deposits being uncovered.

Kalgoorlie Gold Mining (ASX: KAL) Managing Director, Matt Painter, emphasized the significance of the discovery, stating, "Our systematic approach to exploration has delivered exactly what we’ve been chasing at Pinjin. Lighthorse is a 100% KalGold-generated discovery that reinforces the exceptional growth potential of this underexplored region. Given its scale and proximity to other major deposits, we are fast-tracking our next phase of drilling to unlock its full potential."

Market Reaction and Future Outlook

Kalgoorlie Gold Mining (ASX: KAL) stock has been on a tear, surging 290.91% over the past year, with an impressive 437.50% gain in just one week. The company's market cap now stands at $23.49 million, and its shares have traded within a 52-week range of $0.013 to $0.086.

With a continued pipeline of exploration activities, Kalgoorlie Gold Mining (ASX: KAL) is positioning itself as a serious contender in Western Australia’s gold sector.

What’s Next?

March 2025: Fast-tracked RC drilling to refine mineralization zones and test depth extensions.

Regional Exploration: Follow-up drilling at Wessex and other nearby targets.

Resource Definition: If RC results confirm a large gold system, systematic resource modeling and economic evaluations will follow.

With the Lighthorse discovery adding momentum to Kalgoorlie Gold Mining (ASX: KAL) exploration success, investors and industry players will be keenly watching the next phase of drilling. If the upcoming campaign confirms significant extensions to the mineralization, Kalgoorlie Gold Mining (ASX: KAL) could be on the path to defining one of the Eastern Goldfields' next major gold deposits.