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 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.