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ASX small cap stock explodes 290% on new gold discovery

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Kalgoorlie Gold Mining Ltd (ASX: KAL) shares are having an incredible finish to the week.
In afternoon trade, the ASX small cap stock is up almost 290% to a 52-week high of 8.9 cents.
Why is this ASX small cap stock rocketing?
With the gold price trading at a record…
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