KZR:Kalamazoo completes acquisition of Mt Piper Gold Project
Released
Released
Announcement PDF
ASX Announcement
19 September 2022
Kalamazoo Completes Acquisition of the
Mt Piper Gold Project, Central Victoria
Highlights
•
Kalamazoo has completed the acquisition of the 1,609km2 Mt Piper Gold Project from Coda Minerals
Limited (ASX: COD)
•
The Mt Piper Gold Project is strategically located adjacent to Agnico Eagle Mine Limited’s (NYSE: AEM)
large exploration land tenure and 30km from its world-class Fosterville gold mine in Central Victoria
•
The Project is also situated between Mandalay Resources’ (TSX: MND) high-grade Costerfield goldantimony mine (1km) and the prospective Sunday Creek Project (Southern Cross Gold, ASX: SXG)
•
The Mt Piper Gold Project tenements EL6775, EL7331, EL7337, EL7366 and EL7380 have now been
transferred and registered to Kalamazoo and are 100% owned
•
Kalamazoo will immediately start the important Community Engagement process before commencing
with an initial “low impact” exploration program and advancing prospects towards drilling
Figure 1: Location of Kalamazoo’s Central Victorian Goldfields tenements, including the Mt Piper Gold Project
Kalamazoo Resources Limited (ASX: KZR) (“Kalamazoo” or “the Company”) is pleased to announce that it
has completed the acquisition from Coda Minerals Limited (“Coda”) of the highly prospective Mt Piper Gold
Project in Victoria.
The project is situated approximately 75km north of Melbourne, is traversed by the Hume Freeway and
boasts excellent access to local infrastructure. Located along the western margin of the Melbourne Zone
and adjacent to the Bendigo Zone in the Central Victorian Goldfields, the Mt Piper Gold Project is
considered highly prospective for epizonal, high-grade gold and antimony deposits (i.e., Fosterville-style).
All tenements are considered under-explored, limited to very shallow drilling, and not subjected to modern
exploration techniques.
The prospectivity of the area is supported by recent systematic rock chip sampling by the previous owners
at the south-western Goldie Prospect (EL6775). This sampling has defined high-grade gold mineralisation
with best rock chip assay results including 31.1 g/t and 30.4 g/t Au1.
In recent months, field activity to the southern border of the Mt Piper Gold Project, has also seen major gold
exploration success by Southern Cross Gold at its Sunday Creek Project which recently announced
significant drilling intersections including 119.2m @ 3.2 g/t Au and 0.4% Sb (3.9 g/t Au Eq)2.
Victorian Gold Exploration
Kalamazoo considers the Mt Piper Gold Project to be an excellent fit with the Company’s strategy of
acquiring and exploring high-quality gold projects in Victoria with a target threshold of 1Moz at grades >10
g/t Au.
Included with Kalamazoo’s existing projects, the Company’s extensive ground holding has now increased
to 2,006km2 and is the largest exploration holding in the southern section of the Central Victorian
Goldfields. This portfolio includes the 100% owned Castlemaine (historical production of 5.6Moz Au), South
Muckleford, Myrtle and Tarnagulla Gold Projects which are all subject to ongoing exploration programs.
Next Steps
Kalamazoo’s priority at the Mt Piper Gold Project is to:
• Continue with the important Community Engagement process
• Expand the target generation analysis
• Design initial “low impact” exploration programs for high priority target areas
• Advance prospects towards a drill-ready status
This announcement has been approved for release to the ASX by Luke Reinehr, Chairman and CEO,
Kalamazoo Resources Limited.
For further information, please contact:
Luke Reinehr
Chairman/CEO
luke.reinehr@kzr.com.au
Media & Investor Relations (Australia)
Victoria Humphries
victoria@nwrcommunications.com.au
1
2
Media & Investor Relations (Canada)
Leo Karabelas: leo@fcr.ca
Tom Panoulias: tom@fcr.ca
ASX: TRN 13 December 2021
ASX: SXG 30 May 2022
ASX: KZR
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About Kalamazoo Resou rces Li mited
Kalamazoo Resources Limited (ASX: KZR) is an ASX-listed exploration company with a portfolio of highquality gold and lithium projects in Victoria and the Pilbara, WA. Kalamazoo is exploring at its 100% owned
Castlemaine Goldfield (historical production of ~5.6Moz Au) and south of the Maldon Goldfield (historical
production of ~2Moz) near the world class Fosterville gold mine in Victoria. In the Pilbara, Kalamazoo’s
extensive exploration program is advancing the 100% owned Ashburton Gold Project to further increase
the 1.65Moz Au resource and progress development plans. Kalamazoo’s lithium projects in the Pilbara
include the DOM’s Hill and Marble Bar Lithium Projects in an exploration joint venture with the major Chilean
lithium producer Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM) and the 100% owned Pear
Creek Lithium Project. In NSW, Kalamazoo is undertaking early-stage exploration at its 100% owned Jingellic
Lithium Project.
Kalamazoo has become the first gold and lithium explorer operating in Australia to be certified carbon
neutral for its business operations under the Federal Government’s Climate Active Program, with projected
2022 emissions fully offset achieved with a verified environmental reforestation program in Western
Australia.
Co mpetent Persons Statement
The information in this release for the Mt Piper Project is based on information compiled by Dr Luke
Mortimer, a competent person who is a Member of The Australian Institute of Geoscientists. Dr Mortimer is
an employee engaged as the Exploration Manager for the Company and has sufficient experience which is
relevant to the style of mineralisation and type of deposit under consideration and to the activity which he
is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code
for Reporting of Exploration results, Mineral Resources and Ore Reserves’. Dr Mortimer consents to the
inclusion in this document of the matters based on his information in the form and context in which it
appears.
ASX: KZR
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