en.Wedoany.com Reported - Kalamazoo Resources has announced positive results from early resource definition drilling at its Ashburton Gold Project in Western Australia, with multiple high-grade gold intersections supporting resource continuity and future expansion potential, reinforcing the company's confidence in the project's scale and growth prospects.

Of the initial assay results from the first 16 drill holes in the company's 14,000-meter Mt Olympus resource definition drilling program, nine intersections exceeded 50 gram-meters. Among them, drill hole KARCD0141 returned a 6.5 g/t gold grade over 21 meters depth and a 2.6 g/t gold grade over 50 meters depth; drill hole KARCD0148 returned a 3.6 g/t gold grade over 30 meters depth.

Kalamazoo Executive Director Ben Ackerman stated that the initial results from the Mt Olympus resource definition drilling are very encouraging. The strong high-grade intersections returned by the drilling continue to validate the existing resource model and support the potential to convert inferred resources into the indicated category. Within the proposed open pit boundaries assessed in the current Pre-Feasibility Study (PFS), drilling has also identified strong grade development at lower reduced levels (RL), highlighting the potential to add ounces within the planned mining area.

These results are part of a broader drilling campaign aimed at increasing drill density at the deposit. Infill drilling has reduced hole spacing in key areas to approximately 20 meters by 20 meters. Kalamazoo believes this work can support the conversion of more inferred resources into the higher-confidence indicated category. In addition to improving resource confidence, the drilling has also highlighted opportunities to grow the existing 1.44 million-ounce gold resource base and supports the company's target of establishing over 1 million ounces of gold production.

Kalamazoo Resources CEO Andrew McDougall noted that these results reinforce the company's view that Ashburton possesses the scale and quality to support a long-term, large-scale gold mining operation. As the Pre-Feasibility Study progresses, the focus remains on unlocking further resource growth and maximizing the value of Mt Olympus's long-term production potential. An updated mineral resource estimate is expected to be completed in the fourth quarter of 2026, with the Ashburton Pre-Feasibility Study on track for completion in the first half of 2027.

This article is compiled by Wedoany. All AI citations must indicate the source as "Wedoany". If there is any infringement or other issues, please notify us promptly, and we will modify or delete it accordingly. Email: news@wedoany.com