The Asia Miner

JUL-SEP 2018

The ASIA Miner - Reporting Important Issues to Mining Companies in the Asia Pacific Region

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Page 16 of 55

the asia miner • volume 15 • issue 3 15 FEATURE: All that glitters is gold Kalamazoo Resources signalled its further push into the gold space by announcing that it had exercised its opঞon to acquire equity in three highly prospecঞve gold projects in Western Australia (WA) as well as being granted and exploraঞon covering the Wale Gully Gold Project in Victoria, Australia. Since lisঞng on the ASX in early 2017, the Australian gold and base metals explorer and developer has been conঞnually invesঞgaঞng the acquisiঞon of assets with inherent potenঞal that can be exploited by advanced exploraঞon and development technologies. Following this strategy, Kalamazoo idenঞfied the highly prospecঞve Bendigo Zone in Victoria as the focus for securing an extensive and promising tenement posiঞon, as well as making a push for an 80-100 per cent equity in Pilbara's minerals rich region. The tenements – previously owned by companies associated with WA resources industry stalwarts, Denis O'Meara and Bre Keillor – have the potenঞal to host significant gold mineralisaঞon. VICTORIA The granted Exploraঞon Licence EL006679 covers the Wale Gully Gold Project, near the town of Castlemaine, in Victoria. In addiঞon, Kalamazoo has made a further exploraঞon licence applicaঞon EL006752, to the east and south of the granted tenement, covering regional geological structures known to be associated with gold potenঞal. Granted Exploraঞon Licence 006679 ("Wale Gully") lies immediately east and south of the town of Castlemaine and covers almost the enঞre historic Castlemaine Goldfield with a total area of 70km 2 . An applicaঞon for a second Exploraঞon Licence 006752 ("Wale Gully South"), covers an area of 218km 2 , thus taking the total tenement holding (once granted) to 288km 2 . "Our project generaঞon team idenঞfied an opportunity to secure the Castlemaine Project at minimal cost. Concurrently, our due diligence and technical assessment has confirmed our belief in the project's significant potenঞal," said Kalamazoo's Managing Director, Peter Benjamin. What aracted Kalamazoo to the Castlemaine Goldfield was it being the third largest gold field in Victoria, producing an esঞmated 5.6Moz of gold. "In parঞcular, the Wale Gully Gold Mine had our interest, as it produced 411,000oz of gold, from underground mining from 1.1Mt, at a very aracঞve, recovered grade in excess of 11g/t Au, during the period between 1934 and 1969," said Mr Benjamin. "Other underground operaঞons in the area produced approximately another 700,000ozs, across up to four known lines of reef, which were mined to a maximum depth of approximately 400 metres." Wale Gully adds a significant gold project to Kalamazoo's porolio, at an extremely low cost. The asset is in a supporঞve mining region which is becoming increasingly acঞve with significant exploraঞon and development success across mulঞple projects including Fosterville, Tandarra and Costerfield. Strategically, the Castlemaine region is well supported with a number of gold processing plants within 80km haulage distance of the Wale Gully Gold Project. WESTERN AUSTRALIA DOM's Hill Gold Project (E45/4722, E45/4887 and ELA45/4919) The DOM's Hill Gold Project now consists of two granted exploraঞon licenses and two exploraঞon license applicaঞons located 110km south east of Port Hedland within the Archaean East Pilbara Region. The project overlies the Warralong, Doolena Gap and Marble Bar Greenstone belts as well as the unconformably overlying Gorge Range Group, the younger Lallah Rookh Synclinorium and the overlying Fortescue Group. The tenements cover the major domain bounding Gorge Range, Muccan South and Bamboo Creek Shear Zones as well as numerous second order shear zones including the Dom's Hill Shear Zone and the North-East Fault. Kalamazoo braces for a gold bonanza A poron of the-extensive core-farm at the Wale Gully Gold Project DOMs Hill Prospect looking south

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