Assays Imminent For Victorian Gold Project
Kalamazoo Resources Limited (ASX: KZR) has successfully completed a 1,819m, six hole diamond drill programme at the Lightning Prospect within the Castlemaine Gold Project in Victoria.
The Lightning Prospect is located approximately 2km south of the Mustang Prospect, where Kalamazoo completed its maiden diamond drilling program in April 2020.
Drilling at the Lightning Prospect commenced in early October 2020 from within the private Pine Plantation in the northern section of EL006679, primarily to test an interpreted “Wattle Gully” analogue structure near the historic “Nimrod” mining area.
The Lightning Prospect was identified in 2019 as one of Kalamazoo’s top ten prospects located within the Castlemaine Gold Project. This assessment is based on historical gold production and records, historic drilling and the results from recent groundwork, geophysical and geochemical surveys and 3D structural modelling carried out by Kalamazoo. The Lightning Prospect is located less than 5km north of the Wattle Gully Gold Mine, which operated between 1934 and 1969 and produced 1.1Mt for 411,000oz of gold at 11.1g/t Au.
The target model for the Lightning Prospect is similar to both the Fosterville and Wattle Gully Mines which contain high grade mineralisation associated with shallow-dipping fault ramp structures that cross-cut anticline-syncline folds.
Initial geological interpretations of the drilling results and core indicate a “Wattle Gully” analogue structure at the Lightning Prospect that is associated with quartz veining and alteration typical of the Castlemaine Goldfields. Final drill core assays are pending.
