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Kalamazoo Resources Ltd.
Summary
| Project: | Snake Well | |
|---|---|---|
| Deposit: | A-Zone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 4/11/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Feasibility Study | |
| Report details: | 11-4-2017: Kalamazoo Resources Ltd. announces an Exploration/Drilling Update report for its A-Zone deposit at the Snake Well project. Drilling results incl. 11m @ 6.6g/t Au from 1m. Emerging copper-gold exploration company, Kalamazoo Resources Limited (AS | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Lance Govey (Internal) | |
| ABSTRACT: | Emerging copper-gold exploration company, Kalamazoo Resources Limited (ASX: KZR) (“Kalamazoo”), today reported further significant intersections of gold mineralisation in new results from the Company’s maiden drilling program at its flagship gold project in Western Australia. The results announced today follow the completion by Kalamazoo of the maiden 75 hole RC and diamond drilling program for 3,375 metres at the A-Zone Gold Project (“A-Zone”) which forms part of Kalamazoo’s wholly-owned Snake Well Gold Project (Figure 1), located about 450km north of Perth in the Mid-West region. This drilling was aimed at testing the spatial and general grade ranges indicated by historical drilling. This second and final round of results are from the southwestern end (Figures 1 and 2) of the A-Zone Gold Project. The results of these 56 Reverse Circulation (RC) holes and 4 diamond drill holes indicate many significant intersections of gold mineralisation have been intercepted, supporting the spatial position and tenor of gold grades indicated by the historical drilling (Refer to Table 1 and Figures 2 to 4). Preliminary results were previously announced to the ASX on 29 March, 2017. The drilling is part of an overall works program to complete development studies at AZone, in preparation for a feasibility study for consideration of a decision to mine. Any resultant production would be processed through the Minjar Gold processing plant as part of the Ore Sale and Purchase Agreement (see ASX announcement dated 31 January, 2017), and from which Kalamazoo receives 60% of the free cash flow. | |
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