Gold Rush: Lighthorse Strike Extends to 1,450m as KalGold Prepares Major Drilling Campaign
Kalgoorlie Gold Mining's Lighthorse drilling expansion has announced a significant expansion of its Lighthorse gold prospect, with recent aircore drilling more than doubling the strike length to 1,450 meters. This expanded footprint, now substantially larger than the company's nearby Kirgella Gift and Providence deposits, sets the stage for KalGold's most extensive reverse circulation (RC) drilling campaign to date.
Drilling Results Reveal Extensive Gold System
The latest aircore program, comprising 99 holes for 4,710 meters, successfully achieved its primary objective of defining widespread gold anomalism to guide upcoming deeper drilling. The results revealed:
- A strike length extension from 600m to over 1,450m, including a second strong anomaly 800m north of the original discovery
- Width measurements of up to 1,150m along late-stage cross-cutting structures
- Thick, shallow gold intercepts including:
- KGAC25040: 15m at 0.41 g/t Au from 36m to end of hole
- KGRC25056: 25m at 0.21 g/t Au from 28m to end of hole
"This aircore drill program has successfully validated KalGold's geological model, identifying a substantial strike length of strongly anomalous gold mineralisation over approximately 1,500m," said Matt Painter, KalGold Managing Director. "When combined with earlier data, the size, distribution, and intensity of gold mineralisation at Lighthorse is consistent with the potential for significant gold mineralisation at depth."
The Bigger Picture: A 6km Gold Corridor
The significance of Kalgoorlie Gold Mining's Lighthorse drilling expansion extends beyond the immediate prospect area. When combined with historic drilling, KalGold has now defined gold anomalism over 6km north-south along what the company is calling the Lighthorse Corridor. This expansive mineralized footprint extends from the T12 prospect in the north, through Lighthorse, Kirgella Gift and Providence, to the T15 target in the south.
According to the company, the broad distribution of gold is "too extensive to be the result of a single deposit," suggesting the possibility of a previously unrecognized gold camp hidden beneath cover within KalGold's Pinjin Tenure.
Understanding Supergene Gold Enrichment
What is supergene gold enrichment?
Supergene enrichment is a geological process where surface weathering concentrates metals, including gold, in the near-surface environment. At Lighthorse, gold anomalism in the oxide zone is laterally extensive and relatively consistent across drilled sections.
While these shallow intercepts represent gold that has been remobilized and concentrated by weathering processes, they serve as important vectors to potentially higher-grade primary gold mineralization at depth. The thick intercepts that terminate in mineralization at the end of holes are particularly encouraging signs of what might lie beneath, similar to promising gold-silver veining discovered in other projects.
Aggressive Growth Strategy Underway
KalGold is now preparing its most extensive RC drilling campaign to date, designed to test multiple targets:
- All significant aircore mineralization throughout the Lighthorse corridor
- Infill and extension drilling around the Lighthorse discovery area
- Thick, shallow gold mineralization at the Wessex prospect
Additionally, diamond drilling will begin this quarter to test a conceptual structural intersection between KalGold's Kirgella Gift and Providence deposits—a program that has been awarded co-funding by KalGold's exploration incentive from the Western Australian Government's Exploration Incentive Scheme.
Investment Thesis: Early-Stage Discovery with Scale Potential
Kalgoorlie Gold Mining's Lighthorse drilling expansion presents a compelling investment case for several reasons:
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Strategic Location: The Pinjin Gold Project is situated within the prolific Laverton Tectonic Zone, home to numerous multi-million-ounce gold deposits including Sunrise Dam, Granny Smith, and Rebecca.
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Resource Base: The company already holds a JORC Code (2012) Inferred Mineral Resource of 76,400 oz at Kirgella Gift-Providence (2.34 Mt @ 1.0 g/t Au) located just 1km southeast of Lighthorse, plus an additional 138,000 oz at La Mascotte (3.61 Mt @ 1.19 g/t Au).
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Low-Cost Discovery: KalGold has demonstrated efficiency in resource definition, with a discovery cost of less than A$4.60 per ounce of gold.
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Growth Pipeline: Only about 10% of conceptual targets have been drill-tested to date, with multiple priority areas identified for future exploration.
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Nearby Development: The project is strategically located near Ramelius Resources' Rebecca Gold Project, where a recent pre-feasibility study outlined a path to gold production by 2027.
Why Investors Should Follow KalGold
For investors seeking exposure to early-stage gold exploration with significant upside potential, KalGold offers several compelling reasons to watch:
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Proven Discovery Model: The company has already demonstrated success in identifying and expanding gold mineralization at Lighthorse.
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Multiple Near-Term Catalysts: The upcoming RC and diamond drilling programs represent significant potential value-driving events.
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Regional Scale Potential: The 6km Lighthorse Corridor could host multiple deposits, providing long-term exploration upside.
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Experienced Management: The team has demonstrated systematic and effective exploration methodology throughout the region.
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Strategic Location: Positioned in a Tier One location with proximity to infrastructure and potential development pathways.
With a market capitalization that remains modest compared to its existing resource base and exploration potential, Kalgoorlie Gold Mining's Lighthorse drilling expansion represents an opportunity to invest in a gold explorer with proven discovery capability and multiple pathways to value creation through continued exploration success, similar to other companies that have identified new gold targets.
Future Exploration Targets
Kalgoorlie Gold Mining's Lighthorse drilling expansion has helped identify several key target areas for future first-pass aircore testing:
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Southern Gap: An undrilled area south of Lighthorse and north of the T15 prospect requires systematic testing.
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Northern Lighthorse Extension: Gold anomalism remains open and increasing along strike to the north.
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Mine Strike Targets: Areas 5-7km north of Lighthorse contain targets along strike from the Anglo Saxon gold mine and Pinjin Goldfield.
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Eastern Flexure Zone: An untested regional-scale reorientation of the Laverton Tectonic Zone approximately 3km southeast of Kirgella Gift.
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Rebecca Sequence: A high-temperature, high-pressure metamorphic rock sequence 2.5-7km east and northeast of Kirgella Gift may correlate with the package hosting Ramelius Resources' 1.4 Moz Rebecca gold deposit.
These targets highlight the substantial exploration upside that remains within KalGold's tenement package, with the company noting that its systematic exploration methodology has proven highly effective throughout the region, consistently delivering high-grade gold results similar to other successful miners in the area.
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