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Kalamazoo Resources about to begin maiden drill program at Ashburton Gold Project

The 7,000-metre drilling program, which is likely to start in early November, will be the first drilling program to be carried out on the Ashburton project since 2013.

Kalamazoo Resources Ltd - Kalamazoo Resources about to begin maiden drill program at Ashburton Gold Project
Track clearing undertaken at the Peake West Prospect to target shallow oxide gold mineralisation.

Kalamazoo Resources Ltd (ASX: KZR) is set to begin its maiden drill program early next month at the Ashburton Gold Project in Western Australia and it will be the first drilling program at the project since 2013.

Led by WA project manager and NED Paul Adams, the company will undertake 4,500 metres of reverse circulation (RC) and 2,500 metres of diamond drilling focusing on the Peake, Peake West, Waugh, Connie’s Find and Petra prospects.

The primary aim of the program is to extend and infill known mineralisation around the Peake and Waugh pits, targeting new extensions to oxide gold mineralisation, as well as the primary sulphide gold resources at depth below the mined pits.

In addition, a new buried induced polarisation (IP) target at the Petra Prospect will be drilled for the first time.

Maiden campaign

Kalamazoo’s director and Ashburton project manager Paul Adams said: “We are very excited to announce the imminent start of our maiden drilling campaign at our recently acquired Ashburton Gold Project.

“This is the culmination of a lot of hard work behind the scenes from our WA-based exploration team to have our first RC and diamond drilling program in place just weeks after having settled this major project acquisition from Northern Star.”

Pilbara Craton location map showing Kalamazoo’s Pilbara gold projects.

Strategy for Ashburton

Kalamazoo’s project strategy for the Ashburton Gold Project is to make discoveries, substantially increase the 1.65-million-ounce oxide and sulphide gold resource and advance project development plans.

The company has also entered into a consultancy agreement with Paul Adams, Kalamazoo’s director and former managing director of Spectrum Metals Limited, to lead the exploration team at Ashburton.

Kalamazoo believes Adams’ experience will be invaluable in assisting the company in unlocking further value at the project.

Peake and Peake West prospects

Peake Prospect has recorded historical production of 18,000 ounces at 7 g/t gold and has a current resource of 3.7 million tonnes at 4 g/t for 399,000 ounces.

The company has planned around 2,500 metres of RC and diamond drilling to follow-up historical high-grade sulphide gold drill intersections below the western end of the Peake pit.

This drilling will also target shallow high-grade oxide gold mineralisation, predicted to extend for over 1-kilometre to the west at Peake West.

Peake Prospect comprises a series of siltstones, lithic sandstones and conglomerates crosscut by a steeply south-dipping fault zone.

The proposed drilling plans to target extensions to mineralisation along strike and down dip from intersections identified in the inherited Northern Star drilling database.

Waugh and Connie’s Find

The Waugh Prospect has historical production of 67,000 ounces at 6.0 g/t and has a current resource of 590,000 tonnes at 6 g/t for 68,000 ounces.

At Waugh, northwest-striking normal faults show high-grade gold mineralisation, as do west-northwest trending faults to a lesser degree.

At Connie’s Find, about 400 metres west of the Waugh Pit, surface gold anomalism extends for 250 metres in a north-westerly direction and parallel to the mineralised normal faults in the pit.

The existing drilling has not tested the prospect for ‘Waugh-style’ mineralisation and this will be the target for Kalamazoo’s upcoming drill program.

Petra Prospect

Petra Prospect is based on a gold in soil anomaly generated from an IP survey, completed in September 2018 by Northern Star.

This anomaly is interpreted to dip to the southwest and remains open to the east.

It occurs around the intersection between the WNW-trending Waugh Fault and the NW-trending Breach Fault, in a setting matching the WNW-trending Zoe Fault and NW-trending faults at the Mt Olympus deposit.

Patchy gold anomalism in soils and gold nuggets were found above the chargeability anomaly and further gold anomalism has been found extending 1.2 kilometres to the east in the footwall of the Waugh Fault.

Two diamond drill holes of 350 metres and 450 metres are designed to test the chargeability anomaly.

Quick facts: Kalamazoo Resources Ltd

Price: 0.55 AUD

Market: ASX
Market Cap: $72.02 m

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