Kalo Gold Announces Target Size Expansion From IP Survey at Vatu Aurum Gold Project in Fiji - Seite 2

Qiriyaga Zone IP Results

Seventeen lines of induced polarization / resistivity (DCIP) were completed over the Qiriyaga Zone during April through May 2021 by Fender Geophysics of Australia. The Qiriyaga Zone is a 2.5km long mineralization trend identified by anomalous gold in soil geochemistry and trenching. Acquisition parameters comprised 100m dipoles using a dipole-dipole array, reading down to n=16. Results were 2D modelled by Campbell & Walker Geophysics utilizing the UBC DCIP2D inversion software. The results of this modelling indicate a large (~600m diameter), moderately chargeable and relatively resistive anomaly (Target #2) laying just north of the main Qiriyaga Hill zone, coincident with a significant gold in soil geochemical anomaly (see Figure 1). With respect to the limited historical and shallow drilling to date, it appears to have missed the edges of this geophysical anomaly or were not drilled deep enough to fully test the anomaly (see Figures 2 & 4). Additionally, a second moderately chargeable and relatively resistive anomaly (Target 1) occurs slightly northeast of the Vuinubu Ridge (see Figures 1, 3 & 5). This feature occurs over an area approximately ~200m x 600m, trending northeast. No drilling has been conducted in this area. However, a total of 322 soil samples have been collected and sent to ALS laboratory in Brisbane, Australia for analytical testing. The third geophysical anomaly (Target 3) is found on the southeast part of the surveyed area measuring ~300m (defined by two lines) and is open to the south (see Figures 1 & 5).

For recent drill results, refer to news releases dated:

• March 29, 2021 - "Vatu Aurum Gold Project Confirming Multiple Thick, Near-Surface Gold Intersections".
• July 17, 2021 - "Kalo Gold drills additional thick, near-surface, high-grade gold mineralization, with 69m at 0.91 g/t Au (including 4m of 5.11 g/t au), at Vatu Aurum gold project in Fiji."

Figure 1. Map showing modelled IP chargeability and Au soil geochemical map. The contour lines (grey lines) are 5m elevation contours.

Foto: Accesswire

Figure 2. Section along Line 1 looking southeast. Extent of block model on Qiriyaga Hill shown on the upper right side is historical.

Foto: Accesswire

Figure 3. Section along Line 2 looking northwest. No drilling has been undertaken in this part of the Qiriyaga mineralized trend.

Foto: Accesswire

Figure 4. Section along IP Line 11400N.