Exploration company Kalamazoo Resources has reported an increase in gold mineral resource at its Mixy gold project deposit in Western Australia.
The updated mineral resource estimate indicated an 85% increase in grade and a 13% increase in tonnages for a total rise in contained metal of 63%.
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The development comes after Kalamazoo completed an initial drilling programme at the project and a comprehensive review of the historical drilling results.
According to the updated estimate, the project is now expected to contain 470,000t, grading at 4.3g/t Au for 65,000oz of gold.
Kalamazoo Resources managing director Peter Benjamin said: “If this trend is representative of the entire deposit then it is reasonable to expect that there is a high confidence in the remaining resource.
“The trial pit development and production demonstrated that the geological interpretation used in the resource is robust and that the gold grade distribution is reasonably defined by the resource drilling and estimation process.”
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By GlobalDataThe Joint Ore Reserves Committee (JORC) compliant mineral resource inventory for the Snake Well project has increased by 32% to 141,000oz.
Based on the results, the company intends to take up a larger pit for underground development.
Recently, the company completed trial mining of the deposit.
Kalamazoo is set to undertake planning and implementation of the next phase of RC/diamond drilling this quarter in order to boost confidence in the resource and test for extensions to mineralisation.
