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News Update

Multiple Exploration Programs Result in 'Encouraging' Progress at Fiji Gold Project
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Kalo Gold Holdings conducted rock chip sampling, and it confirmed high-grade gold-silver-copper mineralization is present in Vatu Aurum's Mouta prospect, and also conducted drilling and a geophysical/IP survey.

Kalo Gold Holdings Corp. (KALO:TSX.V) described in a news release the exploration work it has done at its Vatu Aurum gold project in Fiji.

"The progress to date has been very encouraging through multiple concurrent exploration programs, including drilling, geochemical and geophysical," CEO Fred Tejada said in the release.

In terms of drilling, the Canadian exploration company completed two more holes, KGD-03 and KGD-04, in Qiriyaga Hill, the most advanced target on the southern end of the Qiriyaga zone.

Kalo placed hole KGD-03 135 meters (135m) northwest of KGD-01 and drilled it down to 345 meters, making it the deepest hole drilled thus far at Qiriyaga Hill. KGD-01 hit the deepest mineralized breccia zone to date and extended the mineralized zone encountered in KGD-01. As for hole KGD-04, the company placed it in the northern end of the Qiriyaga zone. Results for KGD-03 and KGD-04 are pending.

"From drilling, we continue to test the limits of the Qiriyaga Hill, and stepout drilling has shown strong extensional potential along strike and at depth," Tejada noted.

Kalo conducted rock chip sampling at the Mouta prospect, in the northwest part of the property about 9 km from Qiriyaga Hill. Samples from outcrop confirmed the presence of high-grade gold-silver-copper mineralization, including 6.2 grams per ton (6.2 g/t) gold, 645 g/t silver and 3.12% copper, or 19.318 g/t gold equivalent. Sampling from historical stockpile grab sample showed 3.06 g/t gold, 819 g/t silver and 1.63% copper, or 16.608 g/t gold equivalent.

As for geophysical work, Kalo did an induced polarization survey of the Qiriyaga zone. It highlighted anomalies in the underexplored Vuinubu Ridge and, to a lesser degree, about 200 meters to the east, an area that seems to parallel the Vuinubu Ridge mineralized zone.

"Geophysical programs have shown the potential for a larger system around Vuinubu Ridge, with multiple underexplored and untested targets being identified from initial results," Tejada said.

Now, the geophysical team is surveying Coqeloa, after which it will move to Mouta.


1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Kalo Gold. Please click here for more information.
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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Kalo Gold, a company mentioned in this article.

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