KALAMAZOO HITS 20 METRES AT 19G/T GOLD FROM 2 METRES

Near-surface drilling returns high-grade gold as the Mt Olympus resource update advances

Kalamazoo Resources Limited (ASX:KZR) has reported new high-grade gold intersections from its Mt Olympus deposit within the Ashburton Gold Project in Western Australia.

The latest assays include a standout shallow result from KARC0206, while broad mineralised zones were also returned from drilling across the deposit:

20m @ 19g/t Au from 2m in KARC0206
69m @ 3.0g/t Au from 149m in KARC0207, including 7m @ 10g/t Au from 150m
43m @ 3.8g/t Au from surface in KARC0194, including 8m @ 7.0g/t Au
30m @ 5.7g/t Au from 193m in KADD0021
44m @ 3.5g/t Au from 15m in KARC0204

Kalamazoo reports the significant intersections as down-hole lengths and says their relationship to true width is uncertain.

Cross-section through drill hole KARC0206 at Kalamazoo Resources' Mt Olympus deposit — Cross-section through KARC0206 at Mt Olympus, showing the 20-metre intersection at 19g/t gold. Source: Kalamazoo Resources.

The current program comprises 72 holes for 13,726 metres. Results have been received for 62 holes, with assays from 10 holes pending.

The results will feed into an updated Mineral Resource Estimate targeted for the fourth quarter of 2026 and the Ashburton Gold Project pre-feasibility study, which Kalamazoo expects to complete in the first quarter of 2027.

Kalamazoo chief executive officer Andrew McDougall:
The combination of exceptional near-surface grades, broad mineralised intervals and increasing geological confidence further strengthens Mt Olympus as the foundation asset for potentially long-life Ashburton gold operations. These results will be incorporated into the updated Mineral Resource Estimate and ongoing Pre-Feasibility Study, where the improved understanding of the high-grade structures has the potential to support resource growth and an enhanced future mining inventory.

Read the full announcement.