logo-loader
Mining
viewKalamazoo Resources Ltd

Kalamazoo Resources identifies high-priority gold anomaly in sampling program at Marble Bar

The reconnaissance sampling program was conducted along 12 east-west traverses spaced at 1-kilometre and across the strike of the Warrawoona Group stratigraphy.

Kalamazoo Resources Ltd - Kalamazoo Resources identifies high-priority gold anomaly in ongoing sampling program at Marble Bar
Follow up sampling and mapping is planned for the December quarter

Kalamazoo Resources Ltd (ASX:KZR) has identified a soil gold anomaly at the Marble Bar Gold Project about 6.5 kilometres east of Marble Bar and 18 kilometres northwest of Calidus Resources Ltd’s (ASX:CAI) Warrawoona Gold Project.

The southern boundary of tenement E45/4724 and the newly defined gold anomaly are adjacent to Calidus’ tenure where a PFS and a JORC indicated and inferred mineral resource of 1.25 million ounces of gold were recently announced.

Kalamazoo’s review of the data for the tenement indicates it contains a sheared meridional greenstone belt over which there has been no reported gold exploration or historical mining despite the large number of small gold leases throughout the area.

“Very encouraging” for ongoing program

Chairman Luke Reinehr said: “Having identified a high priority soil gold anomaly in our initial program at Marble Bar along strike from Calidus’ Warrawoona Gold Project is very encouraging for our ongoing WA exploration program.

“Recent outstanding shallow drill intersections by Calidus supports our program to increase the sampling density this quarter to confirm the extent of the gold anomaly.

“Combining this activity with our Victorian Goldfields exploration work makes for a very busy upcoming quarter and I look forward to reporting our findings as these program progress.”

Gold values

Gold values up to 261ppb in an anomalous zone stretching over 500 metres along an east-west grid line have been recorded with no systematic modern exploration techniques for gold carried out to date.

Other strong samples include 104ppb and 176ppb.

Follow-up sampling and mapping is planned for the December quarter to increase the sampling density and to confirm the extent of the gold anomaly.

Quick facts: Kalamazoo Resources Ltd

Price: 0.23 AUD

ASX:KZR
Market: ASX
Market Cap: $22.9 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Investor Update: Salt Lake Potash unveils 'outstanding' BFS for its Lake Way...

Headlines from the Proactive UK newsroom. A Bankable Feasibility Study (BFS) has valued Salt Lake Potash’s (LON:SO4) Lake Way project at £259mln based on production of 245,000t per year. Oil rig contractor ADES (LON:ADES) has won its second deepwater drilling campaign in the Egyptian...

3 days, 3 hours ago

2 min read