Kalo Gold Announces Target Size Expansion From IP Survey at Vatu Aurum Gold Project in Fiji - Seite 3

Foto: Accesswire

The gold soil geochemical map shown in Figure 1, includes the assay results from 1,173 recently collected samples to both expand and infill the target area. The sampling program covered Qiriyaga Hill, Vuinubu Ridge, Qiriyaga East, Vunikulukulu and Namalau. The modelled IP chargeability shows coherence with the broad soil anomaly at the center from Qiriyaga East to Namalau, which remains untested to date by drilling.

Figure 5. 3D model showing IP chargeability and alteration zones - viewed looking SE (bearing 145 deg) at -35-degree angle.

Foto: Accesswire

The silica and silica-clay alteration zones were defined by mapping along the soil geochemical and IP lines. The zones show a NE-SW trend, generally coinciding with the soil gold anomalies. The broad zones of silicification at Vunikululu and Namalau areas consist of strongly silica altered float train and possible sub-crops of altered volcanic rocks and hydrothermal breccia. Strong silica alteration was also recognized at Urabuta Creek located ENE of Vuinubu Ridge characterized by floats of silica altered volcanic and occasional boulders of hydrothermal breccia. The silica alteration further strengthens the prospectively of these areas and the need to confirm this by drilling.

The holes that were drilled in Qiriyaga East area were either shallow (FCD-24 drilled to 101m depth and FCD-02 drilled to 148m; holes bearing WNW at -60 deg inclination) or offset and did not intersect the high chargeability zone which starts to manifest at 150m and at its strongest, at around 250m depth (see Figure 4). To confirm the presence of mineralization in this area, the Company plans to drill deeper holes located close to the high chargeability zone.

Update on Mouta Prospect

Following up the most recent rock sampling of the Company which identified Mouta as a high-grade gold-silver-copper prospect (see news release dated May 26, 2021), the Company has completed a grid soil sampling program over an area of 1.2km² centered around the high grade Mouta mineralization. The samples had been sent to ALS Minerals Laboratory in Brisbane, Australia ("ALS" for analysis. Two test IP lines were also completed before the Fender Geophysics survey team returned to Australia. Mapping along the IP and soil sampling lines identified several zones of clay±silica and silica alteration within the sampled area. Mapping will continue to define the alteration zones.