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Kalo Gold Confirms Presence of a Large Epithermal Gold System on the Vatu Aurum Gold Project
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About this update from Kalo Gold Corp
[{"type":"text","content":"Kalo Gold Confirms Presence of a Large Epithermal Gold System on the Vatu Aurum Gold ProjectNOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRE SERVICEVANCOUVER, BC / ACCESSWIRE / June 23, 2022 / KALO GOLD CORP. (\"Kalo\", \"Kalo Gold\" or the \"Company\") provides the results of a 992.5 meter (\"m\"), three-hole diamond drilling program completed within the Qiriyaga Hill Prospect on the 100% owned Vatu Aurum Gold Project (the \"Project\") located in the Republic of Fiji. The district scale Project covers 367 square kilometers (\"km2\") and hosts a minimum of seven volcanic arc related calderas ranging between 1 kilometer (\"km\") to 10 km in diameter (see figure 1) in a geological setting analogous to the alkaline related low sulphidation epithermal gold deposits of both the neighbouring Vatukoula and Tuvatu Gold Deposits.Highlights:New diamond drill holes KGD-06 and KGD-07, drilled to test geophysical anomalies at the Qiriyaga Hill Prospect, both intersected pervasive argillic alteration. Argillic alteration can be found associated with epithermal gold veins. KGD-06 and KGD-07 have been presented in a geological model in figure 2 and are interpreted to have been drilled within the alteration envelope surrounding the Vuinubu Ridge Gold Deposit and high-grade epithermal gold mineralization of the Qiriyaga Hill Gold Deposit (see Table 1).Both KGD-06 and KGD-07 have outlined a large 3km by 1.5km argillic alteration zone that indicates the presence of a low sulphidation epithermal gold system.The Qiriyaga Hill and Vuinubu Ridge Gold Deposits sit within this argillic alteration zone and both gold deposits are open along strike and down dip.The Qiriyaga Hill Prospect sits on the boundary of the interpreted Qiriyaga Caldera (see Figure 1), in an analogous geological setting as the alkaline related low sulphidation epithermal Vatukoula Gold Deposit which has produced over 7 million ounces of gold since 1937.Terry L. Tucker, P.Geo. CEO of the Kalo Gold stated \"Alteration halos to the zones of gold ore, particularly in epithermal gold vein deposits, include a variety of temperature-sensitive clay minerals that help to indicate locations of paleo fluid flow which is essential to understand to make a gold discovery. Work to date has identified a large argillic alteration zone on the Qiriyaga Hill Prospect associat...