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Kalamazoo Resources Ltd.
Summary
| Project: | Snake Well | |
|---|---|---|
| Deposit: | Mixy | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 14-11-2017: Kalamazoo Resources Ltd. announces a Resource Estimation report for its Mixy deposit at the Snake Well project. Mineral Resource update for Mixy deposit. Gold-copper exploration company, Kalamazoo Resources Limited (ASX: KZR) (“Kalamazoo”), to | |
| Resources: | (Resource, Total): 470Kt @ 4.3g/t Au for 65Koz contained at Mixy | |
| CP/QP: | [Resources]: David Reid (Ravensgate Mining Industry Consultants) | |
| ABSTRACT: | Gold-copper exploration company, Kalamazoo Resources Limited (ASX: KZR) (“Kalamazoo”), today announced an updated Mineral Resource estimate at its Mixy Gold Project (“Mixy”) deposit – part of its flagship Snake Well Project in Western Australia - reported in accordance with the JORC Code, 2012. This follows the completion of an initial drilling program at the Mixy Project followed by a comprehensive review of the historical drilling results which has led to a new and more robust interpretation of the Mixy mineralised lode. The 15-hole drilling program totaling 2,069 metres was reported to the ASX on 5 May and 14 June 2017. The results indicated the main Mixy lode extends approximately 150 metres east of the existing trial pit. Deeper drill holes intersected the interpreted lode, at about 200 metres below surface to the east along strike of the main mineralised shoot, indicating the controlling structure persists to the east. Kalamazoo subsequently reviewed (in conjunction with Kalamazoo’s independent geologist, Ravensgate Mining Industry Consultants) all available drilling and geological database material for the Mixy prospect to enhance its understanding of the gold mineralisation. This new interpretation, reported to the ASX on 19 October 2017, resulted in an improved and more robust interpretation of the Mixy Lode and has resulted in the single main lode zone being split into three distinct zones - the Main Zone and two more lower grade mineralised zones - Footwall (FW) and Hangingwall (HW). | |
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