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Kalo Gold Reports High-Grade Gold-Silver-Copper Mineralization at Mouta Prospect, IP Survey Results Expand Qiriyaga Hill Target Size and Exploration Activities Update
Release Highlights: Completed drilling on KGD-03 and KGD-04. At 345 meters, KGD-03 enc...
About this update from Kalo Gold Corp
[{"type":"text","content":"Kalo Gold Reports High-Grade Gold-Silver-Copper Mineralization at Mouta Prospect, IP Survey Results Expand Qiriyaga Hill Target Size and Exploration Activities UpdateRelease Highlights:Completed drilling on KGD-03 and KGD-04. At 345 meters, KGD-03 encountered the deepest mineralized breccia zone to date, over 18m down-dip thickness, extending the zone by 130 metres vertically that was documented in previously reported hole KGD-01 (see March 29, 2021 Press Release, \"Vatu Aurum Gold Project Confirming Multiple Thick, Near-Surface Gold Intersections\"). Samples are at ALS laboratory in Brisbane, Australia and the Company is awaiting the results.Confirmed presence of high-grade gold-silver-copper mineralization at the Mouta prospect, including: 6.2g/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 historical stockpile grab sample.Completed Geophysical/IP survey of Qiriyaga Zone. Basic 2D inversions indicate a larger prospective target area, particularly at the underexplored Vuinubu Ridge, and a new subparallel target to the Vuinubu Ridge.VANCOUVER, BC / ACCESSWIRE / MAY 26, 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 provide an update on exploration and drilling activities at the Vatu Aurum Gold Project.Fred Tejada, Kalo Gold CEO commented, \"The progress to date has been very encouraging through multiple concurrent exploration programs, including drilling, geochemical sampling and geophysical survey. From drilling, we continue to test the limits of the Qiriyaga Hill and step-out drilling has shown strong extensional potential along strike and at depth. Geophysical programs have shown the potential for a larger system around Vuinubu Ridge, with multiple underexplored and untested targets being identified from initial results. The surface sampling program has encountered significant high-grade mineralization at the Mouta prospect, located 9km from Qiriyaga Hill, on potentially our third caldera system within the large 360km2 Vatu Aurum Project, recording high gold-copper-silver grades including 6.2g/t Au, 645g/t Ag and 3.12% Cu (19.3g/t AuEq) from outcrop and 3.06g/t Au, 819g/t Ag and 1.63% Cu (16.6g/t AuEq) from histo...