Kalamazoo Cod acquisition

Kalamazoo completes acquisition of Mt Piper Gold Project from Coda Minerals

Kalamazoo Resources Limited (ASX:KZR) reports it has completed the acquisition from Coda Minerals (ASX:COD) of the highly prospective Mt Piper Gold Project in Victoria.

The company acquired the 1,609km-square Mt Piper Gold Project from Coda Minerals (ASX: COD) as it is strategically located adjacent to Agnico Eagle Mine’s (NYSE: AEM) large exploration land tenure and 30km from its ‘world-class’ Fosterville gold mine in Central Victoria.

Kalamazoo reports the Mt Piper tenements EL6775, EL7331, EL7337, EL7366 and EL7380 have now been transferred and registered to Kalamazoo and are 100% owned Kalamazoo will immediately start the community engagement process before commencing with an initial “low impact” exploration program and advancing prospects towards drilling.

Kalamazoo drill targets

The project is situated about 75km north of Melbourne, is traversed by the Hume Freeway and has access to local infrastructure.

Located along the western margin of the Melbourne Zone and adjacent to the Bendigo Zone in the Central Victorian Goldfields, the Mt Piper Gold Project is considered ‘highly prospective’ for epizonal, ‘high-grade gold’ and antimony deposits (i.e., Fosterville-style).

All tenements are considered under-explored, limited to very shallow drilling, and not subjected to modern exploration techniques.

Kalamazoo considers the Mt Piper Gold Project to be an excellent fit with the company’s strategy of acquiring and exploring ‘high-quality’ gold projects in Victoria with a target threshold of 1Moz at grades >10 g/t Au.

Included with Kalamazoo’s existing projects, the company’s extensive ground holding has now increased to 2,006km2 and is the largest exploration holding in the southern section of the Central Victorian Goldfields. This portfolio includes the 100% owned Castlemaine (historical production of 5.6Moz Au), South Muckleford, Myrtle and Tarnagulla Gold Projects which are all subject to ongoing exploration programs.

The prospectivity of the area is supported by recent systematic rock chip sampling by the previous owners at the south-western Goldie prospect (EL6775).

This sampling has defined ‘high-grade’ gold mineralisation with best rock chip assay results including 31.1 g/t and 30.4 g/t Au.

In recent months, field activity to the southern border of the Mt Piper Gold Project, has also seen major gold exploration success by Southern Cross Gold at its Sunday Creek Project which recently announced significant drilling intersections including 119.2m @ 3.2 g/t Au and 0.4% Sb (3.9 g/t Au-Eq).

Kalamazoo’s priority at the Mt Piper Gold Project is to continue with the community engagement process; expand the target generation analysis; design initial “low impact” exploration programs for high priority target areas; and advance prospects towards a drill-ready status.

Kalamazoo is an ASX-listed exploration company with a portfolio of high-quality gold and lithium projects in Victoria and the Pilbara, WA. Kalamazoo is exploring at its 100% owned  Castlemaine Goldfield (historical production of 5.6Moz Au) and south of the Maldon Goldfield (historical production of 2Moz) near the world class Fosterville gold mine in Victoria.

Write to Adam Orlando at Mining.com.au

Images: Kalamazoo Resources Limited
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Written By Adam Orlando
Mining.com.au Editor-in-Chief Adam Orlando has more than 20 years’ experience in the media having held senior roles at various publications, including as Asia-Pacific Sector Head (Mining) at global newswire Acuris (formerly Mergermarket). Orlando has worked in newsrooms around the world including Hong Kong, Singapore, London, and Sydney.