Kalamazoo Resources completes acquisition of Mount Piper Gold Project

With the new project under its belt, Kalamazoo Resources now has the largest exploration holding in the southern part of the Central Victorian goldfields.

Diversified explorer Kalamazoo Resources (ASX: KZR) has announced the complete acquisition of the Mount Piper Gold project from copper-concentrated Koda Minerals (ASX: COD) in Victoria.

As part of its plan to expand its footprint in the Central Victorian goldfields, Kalamazoo agreed in July to acquire 100% interests in the five tenements that make up the 1,609 square kilometer project.

The project is located 30 km from the large exploration site of the Agnico Eagle Mine (NYSE: AEM) and the world-class Fosterville gold mine.

It is also located between the Mandalay Resources (TSX: MND) high-grade Coasterfield Gold-Antimony Mine and the Southern Cross Gold (ASX: SXG) potential Sunday Creek Project.

Gold and Base Metals Explorer said it would immediately begin a significant community engagement process, beginning with an initial “low-impact” exploration program and prospects to move forward towards drilling.

As a result of the complete acquisition, Kalamazoo now has the largest exploration portfolio in the southern part of the Central Victorian goldfields, increasing its footprint to 2,006 km.

The portfolio includes the 100% owned Castlemine (with historical production of 5.6 million ounces of gold), the South Macalford, Myrtle and Tarnagulla gold projects, all of which are subject to ongoing exploration projects.

mount piper prospect

The Mount Piper project is located approximately 75 km north of Melbourne via the Hume Freeway and has access to local infrastructure.

Located along the western margin of the Melbourne area and adjacent to the Bendigo area in the goldfields, the project is considered to have high potential for Fosterville-style epizonal, high-grade gold and antimony deposits.

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All five tenements are considered less explored, limited to very shallow drilling, and not subject to modern exploration techniques.

The prospects of the field are supported by the recent systematic rock chip sampling carried out by KODA on south-western Goldie Prospect, which yielded high grade gold with best rock chip assay results including 31.1 g/t gold and 30.4 g/t gold. mineralization is defined.

To the southern extent of the project, recent field activity by Southern Cross in its Sunday Creek project has recovered 119.2m including 3.2 g/t gold and 0.4% antimony (3.9 g/t gold equivalent) at critical drilling intersections.

next steps

Kalamazoo said its priority in the Mount Piper Gold project is to continue the critical community engagement process before expanding its target production analysis.

It then seeks to design an initial “low impact” exploration program for high priority target areas, and advance prospects toward a drill-ready state.

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