Kalamazoo Resources reports 74g/t gold in Mt Piper rock chips
Multiple rock chip samples at Mt Piper have produced “exceptional” gold assays from historic mining dumps for Kalamazoo Resources (ASX: KZR).
The assays, up to 74 grams per tonne gold, were collected from waste dump rocks associated with history workings at the Goldie North prospect, now part of the company’s Mt Piper project in central Victoria.
The area was mined for gold as early as the 1860s.
Seventeen rock samples were collected over an area of 60m adjacent to the old Goldie North mine, with two other samples returning 72g/t (with visible gold) and 42g/t.
Located in sought-after gold region
In addition, a further eight samples assayed at between 16.8g/t and 8.4g/t gold.
The company says that the high-grade mineralised samples are coincident with the historical mine workings, with an interpreted 60m-long tensional link structure.
Mt Piper is located adjacent to the large landholding controlled by Canadian major, Agnico-Eagle Mines. It is also 30km from the large Fosterville gold mine.
Plus, Mt Piper lies between the Costerfield gold-antimony mine owned by Toronto-listed Mandalay Resources and the Sandy Creek project owned by Southern Cross Gold (ASX: SXG) where recent drilling returned 119.2m at 3.2g/t gold and 0.4% antimony.
Kalamazoo says it is following up these chip assays with further field mapping and surface sampling.
Previous owner also found high-grade rock assays
Kalamazoo Resources last year acquired the Mt Piper gold project in Victoria from Coda Minerals (ASX: COD).
The 1,609km sq km project is located 75km north of Melbourne and is traversed by the Hume Freeway
Kalamazoo considers all its tenements there to be under-explored. Previous drilling has been only at shallow depths and the area has not subjected to modern exploration techniques.
Rock chip sampling by Torrens Mining at the south-western Goldie prospect produced assays up to 31.1g/t. Torrens was later taken over by Coda Minerals.
There are no known records of any historical drilling or gold production from that prospect sampled by Torrens, Kalamazoo stated.