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Kalgoorlie Gold Mining Limited (ASX:KAL)

ALERT: Price-sensitive ASX Announcement for KAL
Current share price for KAL : $0.023 -0.007 (-23.33%)+
Announcement
Release
27 Jul 2026 8:45AM
Price at Release
$0.030
Full Release
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Summary
Kalgoorlie Gold Mining Limited (KalGold) has announced the recommencement of Reverse Circulation (RC) drilling at their Pinjin Gold Project, aiming to drill up to 19 holes over a 3,200-meter span at the Lighthorse gold prospect. Concurrently, aircore drilling progresses over the Laverton Tectonic Zone (LTZ) Flexure targets with over half of the planned program completed. The current RC program includes infill and extensional drilling across the northern Lighthorse area to tighten drill spacing. Encountered geology aligns with KalGold's predictions, although industry-wide demand has led to extended assay turnaround times, affecting recent program results. Positioned near Ramelius Resources' Rebecca Gold Project, Pinjin is a strategic location for KalGold's focus on low-cost, open-pittable gold resources.
Key Points
  • RC drilling has recommenced at Pinjin with a rig mobilising to the site on 24th July 2026.
  • Up to 19 holes for 3,200 meters are planned across the Lighthorse gold prospect.
  • Aircore drilling continues over Laverton Tectonic Zone (LTZ) Flexure targets, with the program over halfway completed.
  • The RC program at Lighthorse targets infill and extensional drilling in the northern area, with drill spacing tightened to 50 × 40 meters.
  • Aircore drilling has completed approximately 55% of the planned program, encountering consistent geology with KalGold's interpretation.
  • Extended assay turnaround times are noted due to high industry demand, affecting the Kirgella Gift and Providence RC program completed in May 2026.
  • The Pinjin Gold Project is strategically located near Ramelius Resources’ Rebecca Gold Project.
  • KalGold focuses on defining shallow, open-pittable gold resources at low costs, with the Pinjin Project being a significant part of its portfolio.
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.