Kalamazoo returns high-grade result at Victorian prospect
January 8th, 2020
Kalamazoo Resources capped off 2019 with a promising high-grade gold drill hole intersection at the Castlemaine gold project in Victoria.
The company completed four diamond drill holes at the Mustang prospect, the fourth of which (MU19DD04) uncovered a 1.42 metre intersection at 261.3 grams per tonne of gold at 100.32 metres.
Kalamazoo chairperson and chief executive officer Luke Reinehr said the intersection validated the company’s strategy to focus exploration within the historic Victorian Goldfields region, at sites such as Castlemaine and the nearby South Muckleford project.
“Although we are in the very early days of our maiden drill program at Castlemaine, this exceptionally high-grade assay is extremely encouraging,” Reinehr said.
“This is especially encouraging as the visible gold-bearing quartz vein appears to have only been partially intersected or clipped by drill hole MU19DD04.
“Being more than eight ounces per tonne of gold, an intersection of 1.42 metres at 261.3 grams per tonne supports our exploration strategy in our search for the next world-class gold deposit in Victoria.” Read more…