Australia

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

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 Ltds (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.

Kalamazoos 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 forRead More – Source/a>

Related Posts