Kalamazoo starts 14,000m infill drilling to advance Mt Olympus PFS

Kalamazoo Resources Ltd. ( (AU:KZR) ) has shared an announcement.

Kalamazoo Resources has launched a major ~14,000-metre infill drilling campaign at its Mt Olympus deposit within the Ashburton Gold Project in Western Australia, with reverse circulation drilling underway and diamond drilling to follow. The program is designed to increase geological confidence in the existing resource model by tightening drill spacing to approximately 20 metres by 20 metres across key areas of the deposit.

The company aims to upgrade Inferred resources to the higher-confidence Indicated category, providing the drilling density needed to support future ore reserve estimates and mine planning. Results from this resource definition work, together with those from the recently completed Phase 1 growth drilling, will feed directly into the ongoing Pre-Feasibility Study, representing a significant step toward potential development and future production decisions at Mt Olympus.

The most recent analyst rating on (AU:KZR) stock is a Sell with a A$0.12 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 gold exploration and development company focused on its Ashburton Gold Project in the Pilbara region of Western Australia. The project hosts mineral resources of 16.2 million tonnes at 2.8 grams per tonne gold for 1.44 million ounces across four mining leases, with the flagship Mt Olympus deposit containing an estimated mineable inventory of 772,000 ounces at 2.53 grams per tonne gold at a gold price assumption of AUD$4,500 per ounce.

Average Trading Volume: 1,028,112

Technical Sentiment Signal: Sell

Current Market Cap: A$40.84M

For a thorough assessment of KZR stock, go to TipRanks’ Stock Analysis page.