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Kalo Gold Announces Drill Results From First Two Holes at Vatu Aurum Gold Project Confirming Multiple Thick, Near-Surface Gold Intersections
Release Highlights: First hole drilled, KGD-01, recorded multiple thick, near surface ...
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[{"type":"text","content":"Kalo Gold Announces Drill Results From First Two Holes at Vatu Aurum Gold Project Confirming Multiple Thick, Near-Surface Gold IntersectionsRelease Highlights:First hole drilled, KGD-01, recorded multiple thick, near surface gold intersections, over an interval of 101m averaging 0.94 g/t Au, starting at surfaceKGD-01 intersected multiple higher-grade intersections, including 2m at 6.00 g/t Au at 8m depth, 16m at 2.08 g/t Au at 69m depth including 2m at 5.36 g/t Au at 69m depth.Two new targets were identified within the 2.5 km Qiriyaga Zone priority areaVANCOUVER, BC / ACCESSWIRE / March 29, 2021 / KALO GOLD HOLDINGS CORP. (TSXV:KALO) (\"Kalo,\" \"Kalo Gold,\" or the \"Company\"), a discovery-driven company with high-grade gold opportunities in Fiji, is pleased to announce initial assay results from the first two holes from recent drilling activities in the Qiriyaga Zone on Kalo Gold's 100% owned Vatu Aurum Gold Project. Initial drilling results help confirm the presence of near-surface gold mineralization.KGD-01 and KGD-02 were each drilled at the same angle and depth of -50 degrees and 200 metres, respectively. KGD-01 was drilled between KCD-17 and KCD-25 and confirmed the continuity of mineralization between these holes (refer to the Company's website (https://kalogoldcorp.com/project-maps/) for the locations of these drill holes. KGD-01 intersected 101 metres of gold mineralization averaging 0.94 g/t from surface. Gold mineralization occurs within intercalating fiamme breccia and mudstone-siltstone and several hydrothermal breccias (intersected between 74m-87m) that are generally highly oxidized. The zones of higher-grade gold mineralization are generally characterized by more intense silicification and of mm-think quartz veinlets stockworks. The zones of low gold grades exhibit weak silicification.The significant intervals are shown in the table below.Hole IDDrill Core Interval *Au (g/t)From (m)To (m)Width (m)KGD-010.00101.00101.000.94 4.0013.009.002.29including8.0010.002.006.00 29.0043.0014.001.19 69.0085.0016.002.08including69.0075.006.003.39including69.0071.002.005.36KGD-02200m depth; no significant results*Insufficient data to determine true width. No cut-off grade or internal dilution was applied in the calculation.The location of KGD-02 was approximately 35 metres to the south of KGD-01. It did not intersect the minera...