Given the recent price action and heightened forum activity,...

Given the recent price action and heightened forum activity, it's clear that KAL's Lighthorse discovery at Pinjin has attracted significant attention. Personally, I believe we are still in the early stages of KAL's growth story. Despite the impressive share price rise following the announcement, the potential of the Lighthorse prospect appears far from fully realized.

As we've seen, traders are now locking in some profits, while long-term investors are entering the fray. This dynamic is typical during exploration success stories, and it's likely that future developments will drive even more activity.

I'm particularly excited about the next round of drilling and assay results, which could further confirm the extent and grade of the discovery. Both holes from the recent results ended in mineralization, indicating that there's a lot more to uncover beneath the current drill depth. If further assays continue to deliver strong grades, it could substantially elevate the project’s profile and KAL's market cap.

Looking forward to hearing everyone’s thoughts on where KAL might head from here! Are you adding to your position, waiting for more news, or taking some profits off the table?



The Lighthorse discovery results from Kalgoorlie Gold Mining (KAL) hold significant promise due to several key geological factors that point to strong potential for further gold mineralization:

Key Drill Results Overview:

• Drill Hole KGAC24152:
  • 17 meters @ 4.81 g/t Au from 48 meters, including 8 meters @ 9.21 g/t Au from 52 meters.
  • Hole ends in mineralization, suggesting open potential at depth.
• Drill Hole KGAC24153:
  • 4 meters @ 4.72 g/t Au from 52 meters.
  • Also ends in mineralization, indicating the possibility of further gold at depth.

Why These Results Are Promising:

1. High-Grade Mineralization:

   • Grades above 4 g/t are considered very attractive for open-pit and underground mining, particularly when intersected at shallow depths.
   • Intercepts above 9 g/t Au indicate a robust gold-bearing structure within the target area.

2. Shallow Depth and Open Potential:

   • The mineralization begins at 48 meters, which is shallow and advantageous for lower-cost open-pit mining.
   • Both holes ending in mineralization suggest that gold continues below the current drilling depth, providing further exploration upside.

3. Gold Supergene Blanket Potential:

   • The report hints at a possible gold supergene blanket. These features result from secondary enrichment processes, where gold accumulates near the surface due to chemical weathering.
   • Supergene enrichment zones can yield highly concentrated, economically valuable deposits, often with continuous extensions along structural corridors.

4. Structural Control and Lithogeochemistry:

   • The area shows favorable structural controls that can host extensive mineralization.
   • KAL mentioned the need for detailed lithogeochemical and geological mapping, which points to complex but potentially rich mineral systems.

5. Market Reaction and Stakeholder Confidence:

   • The share price increased by nearly 250% following the announcement. This dramatic reaction indicates strong market confidence in the potential significance of these results.
   • The company halted trading to ensure proper release of critical exploration data, further reflecting the importance of these findings.

Next Steps:

• Further drilling to test the depth and lateral extent of the mineralization.
• Comprehensive geological mapping and structural analysis to refine target zones.
• Additional assays to validate and potentially upgrade the resource estimate.

These factors suggest that the Lighthorse prospect has the potential to evolve into a significant gold resource, warranting continued exploration and investment focus.