Bullboard - Stock Discussion Forum Kalo Gold Corp V.KALO

Alternate Symbol(s): KLGDF

Kalo Gold Corp is a Canada-based gold exploration company. The Company is focused on exploration for low sulphidation epithermal gold deposits on the Vatu Aurum Project located on the island of Vanua Levu (North Island) in the Republic of Fiji and the AxelGold Property, an alkaline gold system, located in British Columbia. The Vatu Aurum Gold Project covers an area of approximately 367 square... see more

Add To Watchlist

TSXV:KALO - Post Discussion

Kalo Gold Corp > gold grades from World Gold Council

View:

Post by Gbathat on Nov 11, 2021 9:57am

gold grades from World Gold Council

Underground Mine:

Low grade	0 - 5 gold grams per tonne
Average grade	5 - 8 gold grams per tonne
High grade	8 + gold grams per tonne
'Bonanza' grade	Troy Ounces (31.1 grams) per tonne

So at the last drilling site, Kalo found some bands (about 2 m in depth) at 6 g/t ... average grade.

Hopefully at the next site they find 'bonanza' grade- that would be epic given the market cap on this gem is only $9m (soon to be $12m after ongoing financing round).

This is a ground floor opportunity. Not risk free... and a long way to go to production, but they seemed to think this next site has a good chance of being high grade... exciting months ahead.

cheers

142

Comment

Comment by Gbathat on Nov 11, 2021 10:05am

thos previous numbers were for undergorund mining. Since Kalo found some bands 6 g/t at 6-8 m of depth, those might be considered high grade if an open pit approach is used... some of the bigger gold mines in the world are hundreds of meters deep, so 6-8m seems like it would be in striking distance. for open pit, Open Pit: Low grade 0 - 0.5 gold grams per ...more

Comment

Kalo Gold Corp