Kalamazoo Resources Limited (ASX: KZR) has announced very encouraging high-grade rock chip sample gold assay results returned from mine waste rock samples collected at the company’s “Goldie North” Prospect (EL6775), Mt Piper Gold Project, Central Victoria.
The project is situated approximately 75km north of Melbourne, and is considered highly prospective for epizonal, high-grade gold and antimony deposits. All tenements are considered under-explored with limited to very shallow drilling, and not subjected to modern exploration techniques.
Situated in the SW portion of EL6775, the Goldie North Prospect was originally identified by earlier rock chip sampling by the previous owners, Torrens Mining Ltd, at the Goldie North Prospect. This sampling defined high-grade gold mineralization with best rock chip assay results including 31.1g/t and 30.4g/t Au. There are no known records of any historical drilling or gold production from this prospect.
As part of its follow-up field investigations, Kalamazoo, recently collected an additional 17 rock chip samples from mine waste rocks located adjacent to the Goldie North historical reef workings. Of the 17 mine waste rock samples collected, three samples reported exceptional high-grade assay results of 74g/t, 72g/t (incl. visible gold), and 42g/t Au. A further eight rock chip samples returned high-grade assay results ranging from 16.8g/t to 8.4g/t Au.
The associated multi-element assay data for these samples are still pending. The gold mineralized samples consist of micro-fractured quartz veins where fine grained visible gold is observed closely associated with micro-fractures in one of the high-grade samples. Whilst investigations are ongoing, the high-grade mineralized samples are coincident with the historical mine workings that appear to be associated with an interpreted approximately 60m long NNW-striking tensional link structure between two NEstriking structures.
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