In September 2022, Kalamazoo Resources acquired the Mt Piper Gold Project in Victoria from Coda Minerals (ASX: COD). The 1,609km2 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 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 31.1g/t and 30.4g/t Au.
The Mt Piper Gold Project is 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.