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Kalo Gold Drills Additional Thick, Near-Surface, High-Grade Gold Mineralization, with 69m at 0.91 G/T Au (Including 4m of 5.11 G/T Au), at Vatu Aurum Gold Project in Fiji
VANCOUVER, BC / ACCESSWIRE / JULY 13, 2021 / KALO GOLD HOLDINGS CORP. (TSX.V: KALO) (" Kalo ...
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[{"type":"text","content":"Kalo Gold Drills Additional Thick, Near-Surface, High-Grade Gold Mineralization, with 69m at 0.91 G/T Au (Including 4m of 5.11 G/T Au), at Vatu Aurum Gold Project in FijiVANCOUVER, BC / ACCESSWIRE / JULY 13, 2021 / KALO GOLD HOLDINGS CORP. (TSX.V: KALO) (\"Kalo Gold,\" or the \"Company\"), is pleased to announce the results from two additional drill holes which both intersected thick, near surface, gold mineralization at Qiriyaga Hill at Kalo Gold's 100% owned, large 36sqkm, Vatu Aurum gold project in the South Pacific's Ring of Fire, in Fiji. The drill holes are part of the Phase 1 Program, where a total of 4 holes have now been reported of the 8 hole, 1,800m program.Highlights:Drill Hole KGD-04, an in-fill drill hole to the northeast of Qiriyaga Hill, recorded multiple thick, near surface high-grade gold intersections, over an interval of 69m averaging 0.96 g/t Au, starting at 21m, including 4m of 5.11g/t Au.Drill Hole KGD-03, a step-out drill hole to the northwest of Qiriyaga Hill, located 40m to the northwest of closest hole (TDD-02), recorded multiple thick intersections, over an interval of 24m averaging 1.01 g/t Au, starting at 21m, including 2m of 6.27g/t Au.Results provide further confirmation of the continuity of epithermal-type mineralization, with the deposit open in multiple directions.Fred Tejada, Kalo Gold Chief Executive Officer, commented: \"The results from the first four holes of the Phase 1 Drill Program and property-wide exploration campaign have been highly encouraging. Step-out drilling has continued to intersect wide near-surface gold mineralization in Qiriyaga Hill, and remains open in multiple directions, highlighting the potential for further expansion. While conducting the drilling at Qiriyaga Hill, a large focus has also been on geochemical sampling and geophysical surveys regionally and around Qiriyaga Hill. Initial results have shown significant regional target potential, particularly the Mouta target which reported, 2g/t Au, 645g/t Ag and 3.12% Cu (19.3g/t AuEq) from rock chip outcrop sampling and 3.06g/t Au, 819g/t Ag and 1.63% Cu (16.6g/t AuEq) from a historical stockpile grab sample(1). We look forward to reporting additional survey results focused on the Qiriyaga Zone near-term.\"Note (1): See May 26, 2021 Press Release, Kalo Gold Reports High-Grade Gold-Silver-Copper Mineralization at Mouta P...