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Kalamazoo Resources Ltd.
Summary
| Project: | Snake Well | |
|---|---|---|
| Deposit: | A-Zone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 6/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 2-6-2017: Kalamazoo Resources Ltd. announces a Resource Estimation report for its A-Zone deposit at the Snake Well project. 9% increase in contained gold in updated resource estimate at A-Zone. Emerging copper-gold exploration company, Kalamazoo Resources | |
| Resources: | (Resource, I+I): 932kt @ 2.10g/t Au for 63koz Au contained at A-zone | |
| CP/QP: | [Resources]: David Reid (Ravensgate Mining Industry Consultants) | |
| ABSTRACT: | Emerging copper-gold exploration company, Kalamazoo Resources Limited (ASX: KZR) (“Kalamazoo”), today reported an updated Mineral Resource estimate from its A-Zone Gold Project (“A-Zone”) deposit, reported in accordance with the JORC Code, 2012. This follows the completion of a maiden drilling program at the Project undertaken and fully-funded by Minjar Gold Pty Ltd (“Minjar”). Minjar completed a maiden 75 hole Reverse Circulation (“RC”) and diamond drilling program for 3,375 metres at 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 tested the spatial location of the gold mineralised lodes and general grade ranges previously indicated by historical drilling. These drilling results were previously announced to the ASX on 29 March, 2017 and 11 April, 2017 and have been utilised by Kalamazoo to upgrade the Mineral Resource estimate at A-Zone. Updated Mineral Resource estimate - reported in accordance with JORC 2012 - completed at A-Zone Project results in a favourable 30% increase in grade and a 15% decrease in tonnages for a total increase in contained metal of 9%. A recently completed drilling program confirms the general position and tenor of (historical) mineralisation for up to 11 mineralised zones at A-Zone - with mineralisation open at depth. | |
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