Kalamazoo set to grow 1.65M ounce Ashburton gold project

Headshot of Matt Birney
Matt BirneySponsored
The Ashburton gold project continues to grow for Kalamazoo Resources.
Camera IconThe Ashburton gold project continues to grow for Kalamazoo Resources. Credit: File

Gold and lithium explorer Kalamazoo Resources says it has significant potential to expand resources at its already well endowed, 1.65-million-ounce Ashburton gold project. Drilling results from 18 RC and 70 aircore holes at five greenfield sites have provided encouragement for an aggressive phase three exploration programme in early 2022. Exciting results have already been received from the Annie Oakley, St Helens and Petra prospects.

At Annie Oakley, Kalamazoo boosted the shallow oxide gold potential with significant results including 4 metres grading 2.67 g/t gold from only 17m, 2m going 4.09 g/t and 3m returning 1.63 g/t gold.

Annie Oakley sits some 800m from the 68,000 ounce Waugh resource grading 3.6 g/t gold. Encouragingly both sit within a 2.5 kilometre long gold anomaly and the company considers the results to show great potential for a new resource discovery.

At Petra, a new 500m wide gold anomaly is a high priority target for ‘Carlin type’ gold akin to Kalamazoo’s one-million-ounce Mt Olympus deposit. Mt Olympus is located only 3km away in the same major fault corridor.

By developing a conceptual target and then locating the Petra anomaly in an area of transported cover, Kalamazoo is showing off its exploration skills as it seeks to narrow in on the money pots.

The Carlin trend in Nevada USA has produced over 80 million ounces of gold and production in the region is ongoing.

New results from 57 aircore holes at St Helens reveal significant intersections along strike from the nearby West Olympus pit and recent high-grade drill intercepts.

Significant results at St Helens include 6m grading 2.2 g/t gold, 4m at 1.46 g/t and 1m with 1.99 g/t gold.

Further multi-element geochemical investigations are planned for drill pulps from the Triple M and Mae West prospects.

Kalamazoo’s Ashburton gold projects current JORC resource of 1.65 million ounces comprises of 20.8 million tonnes at the very respectable open pit grade of 2.5 g/t gold. The company says the grade compares favourably with its Pilbara peers and it is aiming to expand the resource well past 2 million ounces.

Gold deposits within Kalamazoo’s Ashburton gold project are considered by the company to be Carlin type deposits and it will no doubt be hoping for a repeat of the Nevada mother lode down under. With an aggressive exploration programme ready to go, the results will start piling up soon.

Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au

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