Kalo Discovers New Epithermal Gold and Copper Mineralization at Vatu Aurum Gold Project, Fiji

Release Highlights:

• Drilling at Drudrusavu has discovered a new epithermal vein system two kilometers east of the Qiriyaga Hill and Vuinubu Ridge Gold Deposits clearly associated with a prominent CSAMT high resistivity anomaly.
• Drudrusavu mineralization is associated with at least two stages of epithermal mineralization, characterized by the presence of quartz sulfide veinlets and hydrothermal alteration, that have been documented over three intervals totaling 87.1 meters in KGD-2023-08 and 65.0 meters in KDG-2023-09.
• Drilling at Mouta Prospect intersected two styles of mineralization primarily consisting of a broad zone of multi-directional epithermal sulfide veinlets consisting of zinc sulfides including sphalerite and marmatite, pyrite, and minor chalcopyrite with some caldera margin related shear-style mineralization.

VANCOUVER, BC / ACCESSWIRE / September 27, 2023 / KALO GOLD CORP. ("Kalo", "Kalo Gold" or the "Company") is pleased to provide an update on the exploration program at Vatu Aurum Gold Project ("Vatu Aurum" or the "Project"), Republic of Fiji. Kalo has completed four diamond drill holes in the 2023 exploration program: two at Drudrusavu ("Drudrusavu") located within the Qiriyaga Hill Prospect ("Qiriyaga") and two at Mouta Prospect ("Mouta") for a total of 432.0 meters ("m").

Mr. Terry L Tucker, P.Geo, President and CEO of Kalo Gold, commented "The two drill holes at Drudrusavu successfully confirmed the Controlled-Source Audio-frequency Magnetotellurics ("CSAMT") geophysical survey has identified zones of hydrothermal alteration and silicification. Both holes drilled had between 65 and 87 m of silicification and hydrothermal alteration and that included one interval that returned 4 meters averaging 1.23 g/t Au and 1 metre averaging 4.17 g/t Au. Given the shallow level of erosion that has been interpreted this indicates there is excellent potential for mineralization at depth at Drudrusavu. The positive correlation between the CSAMT and the drilling at Drudrusavu will give us the confidence to expand exploration at Qiriyaga. Previous drill results at Qiriyaga intersected thick, near-surface, high-grade gold mineralization, particularly drill hole KCD-17 that returned 8.75 metres at 36.02 g/t Au (61.25 to 70 m) and 10 m at 27.18 g/t Au (76-86 m) including 120 g/t Au between 81 to 82 m."