Lighthorse Discovery Yields 17m at 4.81 g/t Gold in KalGold’s Pinjin Project

• Discovery of thick, high-grade gold intercepts at Lighthorse, including 17m at 4.81 g/t Au
• Lighthorse footprint larger than KalGold’s Kirgella Gift and Providence deposits
• Gold mineralisation open along strike and at depth over a 600m strike length
• Follow-up reverse circulation drilling fast-tracked for March 2025
• Lighthorse located in a burgeoning gold exploration hotspot near established mines

A Breakthrough Discovery at Pinjin

Kalgoorlie Gold Mining (ASX: KAL) has revealed a major new gold discovery at its Pinjin project, christened 'Lighthorse'. This greenfields find is distinguished by thick, high-grade gold mineralisation intercepted beneath transported cover, marking a pivotal moment for the company’s exploration efforts in the Eastern Goldfields region.

The standout drill results include a 17-metre intercept grading 4.81 grams per tonne (g/t) gold from 48 metres depth, with an impressive 8 metres at 9.21 g/t within that interval. Notably, these holes ended in mineralisation, indicating the system remains open at depth and suggesting a potentially larger resource footprint than initially mapped.

Expansive Mineralised System with Strong Growth Potential

Lighthorse’s mineralised footprint extends over a 600-metre strike length parallel to the Laverton Tectonic Zone and is open both northwest and southeast. Crosscutting mineralised structures stretch over 800 metres, also open to the northeast. This scale surpasses KalGold’s existing Kirgella Gift and Providence deposits, underscoring the discovery’s significance.

The mineralisation occurs beneath 30 to 40 metres of transported cover, obscuring the gold system from surface detection and explaining the lack of historic drilling in the area. The discovery highlights the value of KalGold’s systematic exploration approach, combining wide-spaced aircore drilling with geophysical data to identify targets beneath cover.

Strategic Location in a Hotspot for Gold Exploration

Lighthorse is situated just one kilometre west of KalGold’s Kirgella Gift and Providence deposits and lies within a corridor increasingly recognised for its gold potential. Nearby operations include Hawthorn Resources’ Anglo Saxon Gold Mine and Ramelius Resources’ Rebecca Gold Project, both within 20 kilometres. This cluster of discoveries is cementing the southeastern Eastern Goldfields as a focal point for exploration and development.

KalGold’s Managing Director Matt Painter emphasised the discovery’s importance, noting it “reinforces the exceptional growth potential at Pinjin” and praised the company’s methodical exploration strategy. The naming of Lighthorse pays homage to the historical significance of the Pinjin area, linking the discovery to Australia’s heritage.

Next Steps: Follow-Up Drilling and Resource Definition

To capitalize on this momentum, KalGold is fast-tracking a reverse circulation (RC) drilling program scheduled for March 2025, pending rig availability. This program aims to infill and extend the initial wide-spaced aircore results, tighten drill spacing, and penetrate below the supergene gold blanket to test primary mineralisation at depth.

Success in this phase could lead to systematic drilling campaigns to define a resource and potentially advance the project toward development. The company also plans to follow up on other promising targets nearby, including the Wessex prospect adjacent to the Anglo Saxon mine.

Implications for KalGold and the Eastern Goldfields

The Lighthorse discovery marks a significant step forward for KalGold, which already holds a substantial portfolio of gold projects in Western Australia with a combined resource exceeding 214,000 ounces. The thick, high-grade intercepts at Lighthorse could materially enhance the company’s resource base and market profile.

In addition, the discovery underscores the potential of the Laverton Tectonic Zone as a prolific gold province, particularly in areas previously overlooked due to transported cover. KalGold’s success may prompt renewed interest and investment in this historically underexplored corridor.

Bottom Line?

Lighthorse’s promising intercepts set the stage for a defining drilling campaign that could reshape KalGold’s future.

Questions in the middle?

• How extensive and continuous is the primary gold mineralisation beneath the supergene blanket?
• What are the potential resource size and grade implications if follow-up drilling confirms current trends?
• How will KalGold’s upcoming drilling program at Wessex complement the Lighthorse discovery?