Kalo Gold Corp V.KALO

Phase 2 could be precursor for more impactful drilling

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Last week, Kalo Gold Corp ($KALO.v) announced it has commenced its Phase 2 drill and surface exploration program at its 100% owned, 36,700-hectare Vatu Aurum Gold Project in Fiji!

The Phase 2 program is focused on the Qiriyaga Zone, which delivered promising results from the the Phase 1 program, including:

• KGD 01: 101m @ 0.94g/t gold from 0-101m including 2m @ 6.00g/t gold from 6m-8m; 2m @ 5.36g/t gold from 69m-71m;
• KGD 03: 24m @ 1.01g/t gold from 21m-45m, including 2m @ 6.27g/t gold from 37m-39m; and
• KGD 04: 69m @ 0.96g/t gold from 21m-90m including 2m @ 5.11g/t gold from 34m-38m.

The Zone has the potential to be a much larger system, as shown by the airborne IP, ground magnetic geophysical survey results, soil geochemistry, trenching, and diamond drilling program. Notably, the geophysical results indicate that past drilling was too shallow resulting in missing an extensive IP geophysical anomaly.

Plus, the results of the recent magnetic survey indicate a potential copper-gold porphyry system underlying the previously defined, large IP anomalies.

The Phase 2 Exploration program will:

• Drill the high-priority targets previously identified which could be a precursor to more impactful drilling if results are positive;
• Continue to confirm the lateral and vertical mineralization of Qiriyaga Hill and Vuinubu Ridge;
• Continue to expand the footprint of Qiriyaga Zone with additional survey, sampling, and mapping
• Selected prospects with survey, mapping, and trenching to develop a pipeline of drill-ready exploration targets.

This was a promising update from $KALO given the potential of this project IMO
https://kalogoldcorp.com/2022/01/12/kalo-gold-corp-commences-phase-2-drill-program-at-vatu-aurum-gold-project/