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Kalamazoo Resources Ltd.
Summary
| Project: | Snake Well | |
|---|---|---|
| Deposit: | Mixy | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-5-2018: Kalamazoo Resources Ltd. announces an Exploration/Drilling Update report for its Mixy deposit at the Snake Well project. Drilling results incl. 1m @ 18.95g/t Au from 224.0m. Gold and base metal exploration company, Kalamazoo Resources Limited (A | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Lance Govey (BinEx Consulting) | |
| ABSTRACT: | Gold and base metal exploration company, Kalamazoo Resources Limited (ASX: KZR) (“Kalamazoo”), today announced results of the extension drilling program at the Mixy gold lode, part of its flagship Snake Well Project in the Murchison region of Western Australia (Figure 2). The recently completed drilling program tested for extensions of the high grade Mixy lode along almost 500m of strike, east to west, and down dip to 350m below surface. Six widely spaced drill holes with Reverse Circulation (RC) pre-collars and diamond core tails were completed for a total of 1,597m. The holes ranged in downhole depth from 78m to 394m. Collar locations are shown in Figure 3, pierce points are shown in the longitudinal section (Figure 4), drill hole details and assays are listed in Tables 1 and 2 respectively and a cross section is shown in Figure 5. The JORC Code (2012) Table 1 compliance details are appended to this report. Shearing, alteration and veining were observed in five of the six holes giving a strong indication that the Mixy main zone structure continues and remains open at depth and along strike to the east and west. High gold grades ranging from 5.1g/t to 18.9g/t Au, albeit over narrow intervals, were intersected in three holes, further evidence that the structure is well mineralised (Table 2). Hole 17KZRC035D intersected a gabbro/dolerite unit where the Main Zone was modelled, indicating that possible post mineralisation intrusive activity has stoped out the shear zone at this shallow level | |
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