InvestSMART

Kalgoorlie Gold Mining Limited (ASX:KAL)

ALERT: Price-sensitive ASX Announcement for KAL
Current share price for KAL : $0.023 -0.015 (-39.47%)+
Announcement
Release
21 Apr 2026 8:17AM
Price at Release
$0.038
Full Release
download
Summary
Kalgoorlie Gold Mining Limited (KalGold) has initiated an extensive Reverse Circulation (RC) drilling program at the Pinjin Gold Project, strategically located within the prolific Laverton Tectonic Zone in Western Australia. This program, consisting of 41 drill holes totaling 6,850 meters, focuses on the Kirgella Gift and Lighthorse prospects to enhance and extend the existing Mineral Resource Estimates. The project is advantageously positioned near Ramelius Resources' Rebecca Gold Project and is expected to be completed in about six weeks. KalGold continues to build its profile as a low-cost gold discoverer, aiming to define additional shallow, open-pittable gold resources.
Key Points
  • RC drill program at Pinjin focuses on Kirgella Gift and Lighthorse.
  • 41 drill holes planned for 6,850m.
  • Program includes infill and extensional drilling.
  • Pinjin project is in a Tier One location within the Laverton Tectonic Zone.
  • Located near Ramelius Resources' Rebecca Gold Project.
  • Kalgoorlie Gold Mining Limited is involved in low-cost gold discovery.
  • KalGold aims to support a Mineral Resource Estimate update.
  • Strategic location with potential for further gold resource discovery.
  • Program is expected to take about 6 weeks to complete.
  • Preparations for diamond drilling and aircore drilling underway.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.