- Kalamazoo Resources (KZR) has commenced drilling at its South Muckleford Gold Project, located near Maldon in Victoria’s Goldfields
- The program will focus on the Fentiman’s Reef, Smith’s Reef and Charcoal Gully prospects, which have been labelled high-priority drilling targets
- Drilling includes around 4000 metres of reverse circulation (RC) drilling and commenced on April 1
- According to the company, the South Muckleford project area is vastly under-explored
- On the market this afternoon, Kalamazoo is up 3.57 per cent and trading at 43.5 cents per share
Kalamazoo Resources (KZR) has commenced drilling at its South Muckleford Gold Project, located near Maldon in Victoria’s Goldfields.
The program will focus on the Fentiman’s Reef, Smith’s Reef and Charcoal Gully prospects, which the company has labelled high-priority drilling targets.
The targets are comprised of highly prospective epizonal gold-antimony mineralisation which is closely analogous to that of the nearby Fosterville and Costerfield deposits in Central Victoria.
Drilling includes around 4000 metres of reverse circulation (RC) drilling and commenced on April 1.
Additionally, Kalamazoo has already completed detailed airborne LiDAR and induced polarisation surveys over these high priority prospects. These results helped design the current drilling program.
According to the company, the South Muckleford project area is vastly under-explored, having not been subject to any modern exploration techniques and only limited shallow drilling.
“This RC drilling program is part of an extensive exploration work program undertaken by Kalamazoo aimed at advancing the significant potential of this broad epizonal gold-antimony mineralised system,” the company explained.
On the market this afternoon, Kalamazoo is up 3.57 per cent and is trading at 43.5 cents per share at 10:56 am AEST.