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

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TSXV:KALO - Post Discussion

Kalo Gold Corp > Vatu Aurum Gold Project Phase 3 Exploration

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Post by StockHawk1 on Jan 06, 2023 5:06pm

Vatu Aurum Gold Project Phase 3 Exploration

Kalo Gold (KALO.v KLGDF) is planning to do more drilling at its Vatu Aurum Gold Project this year.

The company is currently raising $2 million through a private placement to cover expenses for the next phase of exploration, which will include:

- Diamond drill testing

- Following up on significant high-grade gold targets identified at the Qiriyaga and Mouta zones

- And geochemical & geophysical work (including a BLEG program & CSAMT survey)

https://www.digitaljournal.com/pr/kalo-gold-announces-up-to-2000000-non-brokered-private-placement-share-offering

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Comment by XeniaTechie on Jan 09, 2023 2:03pm

KALO’s $2M Non-Brokered private placement will accelerate their phase 3 exploration program at their 100% owned Vatu Aurum Gold project, a 367km2 land package located in the Ring of Fire. This project shares the same trend host to other major gold deposits including Vakukola Gold Mine still producing 7M oz+ since 1937. https://kalogoldcorp.com/project/

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