en.Wedoany.com Reported - Kalamazoo Resources has completed a large-scale resource definition drilling program at the Ashburton Gold Project in Western Australia, comprising 72 holes for a total of 13,726 meters. High-grade assay results from the latest 15 holes have increased confidence in the Mt Olympus deposit ahead of an updated mineral resource estimate and pre-feasibility study.
Key intercepts from the latest 15 holes include: 20 meters at 3.1 g/t gold from 62 meters; 9 meters at 6.0 g/t gold from 22 meters; 22 meters at 3.6 g/t gold from 61 meters; 17.6 meters at 5.0 g/t gold from 165.8 meters; 60 meters at 1.3 g/t gold from 51 meters; and 14 meters at 5.4 g/t gold from 150 meters.
Infill drilling has reduced the drill spacing in key areas of the Mt Olympus deposit to approximately 20 meters by 20 meters, aimed at improving geological confidence and supporting the conversion of more inferred resources to the indicated category. Drilling has also identified mineralization outside the existing resource envelope and within the conceptual scoping study pit shell, creating potential to expand future mining inventory.
With the resource definition drilling completed, Kalamazoo has commenced underground resource growth drilling beneath Mt Olympus to test extensions below the current conceptual pit, while also drilling at the nearby 210,000-ounce Peake deposit targeting extensions along the dip of previously mined high-grade veins. The company plans to complete an updated mineral resource estimate in the fourth quarter of 2026.
Kalamazoo Executive Director Dr. Ben Ackerman stated that the completion of resource definition drilling is a significant milestone for the 1.44-million-ounce project, with the latest results demonstrating excellent continuity of high-grade mineralization at Mt Olympus, and expressed encouragement over the high-grade mineralization discovered at depth in the pre-feasibility study pit. CEO Andrew McDougall noted that the top priority over the next six months is to deliver the updated mineral resource estimate and advance the pre-feasibility study, while continuing to unlock value through resource growth drilling across the entire Ashburton Gold Project. Kalamazoo has also submitted additional tenement applications, expanding the Ashburton landholding to 519 square kilometers to support its strategy for a regional-scale gold operation in Western Australia.
