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An update from Kalamazoo Resources Ltd. ( (AU:KZR) ) is now available.
Kalamazoo Resources has reported strong initial assay results from its Phase 1 growth diamond drilling program at the Mt Olympus deposit within the Ashburton Gold Project in Western Australia. The campaign, aimed at extending mineralisation below and down plunge of the existing pit shell, delivered several high-grade intersections from five of eight completed holes, validating the geological model and confirming that the mineralised system remains open at depth.
The drilling supports Kalamazoo’s strategy to expand the Ashburton resource base beyond the current 1.44 million ounces and to delineate more than 1 million ounces into a production profile as it transitions from explorer to developer. With a resource definition drilling program set to commence shortly and further growth drilling planned, the results reinforce the project’s underground resource potential and provide a stronger foundation for future development studies and stakeholder confidence in the asset’s scalability.
The most recent analyst rating on (AU:KZR) stock is a Hold 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 Ltd. is an Australian gold exploration company focused on advancing its 100%-owned Ashburton Gold Project in the Pilbara region of Western Australia. The company is progressing from pure exploration toward project development, targeting resource growth at the Mt Olympus deposit to underpin future gold production.
Average Trading Volume: 1,028,112
Technical Sentiment Signal: Sell
Current Market Cap: A$40.84M
Find detailed analytics on KZR stock on TipRanks’ Stock Analysis page.