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- Kalamazoo Resources (KZR) has wrapped-up its maiden drilling program at the Ashburton Gold Project in Western Australia
- All up, 5677 metres of reverse circulation and 104 metres of diamond drilling was completed with focus at the Waugh, Connie’s Find, Peake, and Peake West prospects
- An additional two holes were drilled at the project area to provide bulk samples for gold studies and metallurgical testwork
- Final assay results are pending and will be reported on in due course
- Kalamazoo is up 4.92 per cent on the market and shares are trading at 64 cents
Kalamazoo Resources (KZR) has wrapped-up its maiden drilling program at the Ashburton Gold Project.
Ashburton lies on the southern edge of the Pilbara Craton in Western Australia and covers an area of 217 square kilometres.
Kalamazoo acquired the project in June 2020 from Northern Star Resources (NST) for a contingent cash consideration of $17.5 million.
All up, 5677 metres of reverse circulation (RC) and 104 metres of diamond drilling was completed with focus around the Waugh, Connie’s Find, Peake, and Peake West prospects.
These prospects were chosen due to their current resources of 3.7 million tonnes at 3.3g/t gold for 399,000 ounces at Peake and 0.59 million tomes at 3.6g/t gold for 68,000 ounces at Waugh.
The prospects have also been sparsely tested along strike and down dip and have potential to host oxide and sulphide gold mineralisation.
At Peake West, drilling intersected broad zones of siltstones (form of rock) below anomalous surface rock chip samples.
Additionally, work at Waugh and Connie’s Find intersected prospective thick quartz and ironstone mineralised units.
An additional two RC holes were drilled at the project area to provide bulk samples for gold studies and metallurgical testwork.
Final assay results are pending and will be reported on in due course.
Kalamazoo is up 4.92 per cent on the market and shares are trading at 64 cents at 2:41 pm AEDT.
