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Kalo Gold Provides Vatu Aurum Gold Project Exploration and Geological Update
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRE SERVICE VAN...
About this update from Kalo Gold Corp
[{"type":"text","content":"Kalo Gold Provides Vatu Aurum Gold Project Exploration and Geological UpdateNOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH UNITED STATES NEWSWIRE SERVICEVANCOUVER, BC / ACCESSWIRE / June 14, 2022 / KALO GOLD CORP. (\" Kalo\", \"Kalo Gold \" or the \" Company \") is pleased to provide an exploration and geological update of the Company's wholly owned Vatu Aurum Gold Project (the \"Project\") located in the Republic of Fiji.Highlights:Kalo Gold holds a 100% interest in the 367 square kilometers (\"km2 \") Vatu Aurum Gold Project that hosts a minimum of seven volcanic arc related calderas (see figure 1), ranging between 1 kilometer (\"km\") to 10 km in diameter in a geological setting directly analogous to the alkaline related low sulphidation epithermal gold deposits of both the Vatukoula and Tuvatu Gold Deposits. The giant Vatukoula Gold Deposit, or Emperor Mine, is associated with the 5 km wide Tavua caldera and has produced over 7 million ounces of gold since 1937. The Tuvatu Gold Deposit is associated with the 7 km wide Navilawa caldera.The Project sits within a 300 km long northeast trending extensional fault zone (see figure 2) which contains multiple Eocene age calderas, two of which host both the Vatukoula and Tuvatu Gold Deposits.Exploration on the Project has identified extensive areas of hydrothermal alteration, including silicification, argillic and propylitic alteration and several areas of intense clay-sulphate alteration interpreted to represent steam heated alteration associated with several low sulphidation epithermal gold systems (see figure 3).Large gold and epithermal pathfinder element soil anomalies have been identified along with a significant number of gold in rock and trench sample results have identified fifteen named prospects including two known gold deposits which are open along strike and at depth.Work completed to date in 2022 consisted of geological and alteration mapping, rock and trench sampling and a 992.5-meter (\"m\") three-hole diamond drilling program. Analytical results will be announced upon receipt of final certified assays. The Company intends to continue its methodical exploration approach to advance the Project with next steps to include ongoing field exploration and importantly a remote spectral geology and structural studies to integrate remote sensing data with the current exp...