Kalamazoo Advances Mallina West Drilling Near Hemi Gold District

The latest update is out from Kalamazoo Resources Ltd. ( (AU:KZR) ).

Kalamazoo Resources has completed a drilling program at the Wattle Plains prospect within its Mallina West Gold Project in the Pilbara, Western Australia, comprising five reverse circulation holes and one diamond tail hole. The campaign was designed to test a Hemi-style intrusion-hosted gold target and to follow up a previous high-grade intercept, but the latest best results were relatively modest, with narrow intervals grading up to 0.74 g/t gold. Despite the lack of standout intercepts, the project’s location along the same major shear zone as Northern Star’s world-class Hemi discovery and near the Toweranna prospect underscores its ongoing exploration appeal. Following a detailed review of the results, Kalamazoo plans to further test several geophysical targets within a significant 2.7km by 1km gold-in-soil anomaly, work that is being partially supported by a Western Australian Government co-funded Exploration Incentive Scheme grant, which reduces exploration risk and cost for the company and its stakeholders.

The most recent analyst rating on (AU:KZR) stock is a Hold with a A$0.24 price target. To see the full list of analyst forecasts on Kalamazoo Resources Ltd. stock, see the AU:KZR Stock Forecast page.

More about Kalamazoo Resources Ltd.

Kalamazoo Resources Limited is an Australian mineral exploration company focused on gold projects, with key assets in Western Australia’s Pilbara region. Its Mallina West Gold Project, comprising four tenements over about 118km², targets intrusion-hosted and related gold mineralisation along the Wohler Shear Zone, near Northern Star Resources’ large-scale Hemi and Toweranna gold deposits, positioning the company in a highly prospective gold district.

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Technical Sentiment Signal: Buy

Current Market Cap: A$66.43M

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