We’ve seen a lot of talk about lithium, oil, and gas over the past few months, however, gold has been quietly climbing due to a variety of reasons. First of all, with the banking crisis and collapse of a number of US regional banks, inflation is still ticking in at around 5%, and the indication that interest rate hikes may begin to decrease by the end of the year has created a support level above $2000 USD/Oz for gold.
https://twitter.com/peterschiff/status/1656317883838783491?s=46&t=_12NCrW7KPg4597YB5445w
Now it’s all about finding the right company at the right valuation and $KALO.V has just that. With 100% ownership in the Vatu Aurum project, they are directly located on a mineralized gold corridor in Fiji.
- There are multiple areas on the property that have yielded high-grade gold with potential for silver and copper as well.
- In April, the improvement of a 2.5 km long historical access road commenced to allow access for one of two of $KALO.V’s diamond drill rigs to the Mouta Prospect for the drill program.
- Additionally, a sampling program at the Qiriyaga Hill and Mouta Prospects has been completed, with 17 samples currently under analysis by ALS Perth, with another 52 samples being analyzed from an infill stream sediment sampling program.
With results from the analysis currently underway and the valuation being just $7M despite the property potential, there’s a lot of upside here. Definitely keep an eye out for continued exploration efforts especially considering the strong management team behind the company.