Wattle Gully Gold Project
Wattle Gully and Wattle Gully South Gold Projects
Limited Recent Exploration
Wattle Gully Mine
Prospective Areas of Interest
An initial review by Kalamazoo of the Castlemaine Goldfields confirmed that the Wattle Gully, North Quartz Hill, Eureka Vineyard and Cappers/Shellback projects were important sources for gold production (Figure 10). Kalamazoo intends to initially focus on these areas for their potential to develop exploration targets, most likely at depth, via a dedicated techncial review process which is well under way.
The success of Kirkland Lake’s Fosterville Gold Mine with known gold mineralisation to 1,350m depth (refer to Scotiabank Mining Conference, December 6, 2016, Kirkland Lake Gold), the modern virgin discoveries of Tandarra and Four Eagles along the Whitelaw Fault corridor (Figure 2) and the nearby development of Mandalay’s Costerfield gold-antimony mine, indicate that successful exploration and development of profitable gold mines is possible in Victoria.
Kalamazoo believes the combination of new exploration techniques and the knowledge that will be derived from the analysis of the extensive database and core farm will permit the company to outline an effective exploration strategy to identify areas with high grade gold potential.
Community Engagement and Environment
Kalamazoo considers community engagement important to all its activities and intends to develop relationships with all community stakeholders, including government agencies, local communities, interest groups and employees.
Kalamazoo is vitally aware of its environmental responsibilities regarding the local communities and the preservation of the natural biodiversity in all areas and states within which it operates. Consultation with local councils and stakeholders will be an early and ongoing priority.
Kalamazoo believes in minimising or mitigating any detrimental effects that works may have on the environment. This will be achieved through responsible planning and management of company activities and as a minimum standard, working within the Victorian Code of Practice for Mineral Exploration.*
Planned Work Program
Consolidation and reconciliation of the substantial Castlemaine Goldfield database is in progress.
This program once finalised will permit Kalamazoo to:
- Complete a technical review assisted by local consultants with a view to establishing exploration target(s).
- Refine the geology and structural controls to gold mineralisation; and
- Review modern exploration practices and techniques suitable for this style of mineralisation which may include; soil sampling, mapping, ground and airborne magnetic surveying, seismic and gravity surveying.
The overall aim is to identify and prioritise areas which will then be the focus of an exploration program to indicate gold potential and to establish a substantial gold mineral resource inventory by extensive drilling.
Competent Persons Statement
The information in this release that relates to the exploration results of the Company is based on information compiled by Mr Lance Govey, a competent person who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Govey is an employee of BinEx Consulting who is engaged as the Exploration Manager for the Company. Mr Govey 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’. Mr Govey consents to the inclusion in this document of the matters based on his information in the form and context in which it appears.
Mr John Collier is the Principal Consultant to Conarco Consulting who is engaged as a Consultant to the Company. Mr Collier 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’. Mr Collier consents to the inclusion in this document of the matters based on his information in the form and context in which it appears.