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Kalamazoo Resources Ltd.
Summary
| Project: | Snake Well | |
|---|---|---|
| Deposit: | A-Zone | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-3-2017: Kalamazoo Resources Ltd. announces an Exploration/Drilling Update report for its A-Zone deposit at the Snake Well project. Drilling results incl. 10m @ 2.27g/t Au from 50m. Emerging copper-gold exploration company, Kalamazoo Resources Limited ( | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Lance Govey (BinEx Consulting) | |
| ABSTRACT: | Emerging copper-gold exploration company, Kalamazoo Resources Limited (ASX: KZR) (“Kalamazoo”), today announced it had intercepted several significant intersections of gold mineralisation during its maiden drilling program at its flagship gold project in Western Australia. Kalamazoo has now completed a 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 first round of results come from the northeastern end (Figure 2) of the A-Zone gold project. The results of the first 20 drill holes (19 Reverse Circulation (RC) and one diamond drill indicate several significant intersections of gold mineralisation have been intercepted, generally supporting the position and tenor of gold grades indicated by the historical drilling. 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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