Kalamazoo Resources kicks off gold hunt at Mt Piper
Kalamazoo Resources (ASX: KZR) is preparing to bring in modern thinking and technology to play as it begins a new examination of the highly prospective Mt Piper Gold Project in Central Victoria.
While the project is located in a high-profile gold neighbourhood, it has yet to be tested by modern exploration methods.
That is now set to change with Kalamazoo commencing a 500 metre reconnaissance diamond drilling program to test encouraging coincident high-grade rock chip sample gold assay and anomalous soil geochemistry results at the “Goldie North” prospect at Mt Piper.
This drilling program, which will involve 3 diamond drill holes that will test for reef mineralisation, grade, width, structural style and orientation, is expected to be completed by early to mid-November.
Soil sampling success
The drill campaign comes on the back of Kalamazoo’s recently completed detailed grid soil sampling program across the prospect area.
The company obtained 996 soil samples (plus QAQC samples) collected along E-W oriented 20m to 80m spaced lines with 20m sample spacings over an ~0.7 sq. km area.
Kalamazoo submitted each sample for gold plus multi-element assay with positive gold assay results recently received.
The gold-in-soil results have defined strong anomalism at several sites within the prospect with 13 samples reporting >250 parts per billion (ppb) gold of which 5 samples were >1 parts per million (ppm) gold up to a best result of 8.3 parts per million gold.
Of particular interest was the discovery that a strong coherent gold-in-soil anomaly occurs coincident with the previously reported high-grade rock chip samples from mine waste rocks located adjacent to the Goldie North historical reef workings.
A gold-in-soil anomalism has been found to extend over an approximately 200m strike extent at this location.
The current drilling has been designed with these encouraging rock chip and soil sampling results in mind and it will look to test interpreted mineralised structures closely associated with the Goldie North historical reef workings.
Prime mining location
Located approximately 75km north of Melbourne, the project is considered highly prospective for epizonal, high-grade gold and antimony deposits, with all tenements considered to be under-explored with limited to very shallow drilling and no modern exploration techniques used to date.
The Mt Piper project is strategically located adjacent to Agnico Eagle Mine’s large exploration land tenure and 30km from its world-class Fosterville gold mine in Central Victoria
It is also situated between Mandalay Resources’ high-grade Costerfield gold-antimony mine and Southern Cross Gold’s (ASX: SXG) Sunday Creek project which recently announced significant drilling intersections including 404.4m at 5.1 grams per tonne gold.
Historical rock chip sampling at the Goldie North prospect defined high-grade gold mineralisation with best rock chip assay results including 31.1 grams per tonne and 30.4 grams per tonne of gold.
There are no known records of any historical drilling or gold production from this prospect.
Further exploration plans
Kalamazoo plans to follow up the Goldie North diamond drilling program with further field mapping and surface sampling of the other soil geochemistry anomalies.
The company is also planning to create a 3D structural model and continue its interpretation of gold mineralised structures.