Kalo Gold announces major drilling plans for Fiji gold project
- Kalo Gold Corp. has announced the initiation of a 9,000-meter drill program at the Vatu Aurum Gold Project in Fiji.
- Preliminary data from various trends indicate promising signs of mineralization, supporting the existence of a potentially significant gold system.
- The company's engagement with Velocity Trade Capital aims to enhance market liquidity, marking important operational developments.
On March 17, 2025, Kalo Gold Corp. provided a significant update on its activities regarding the Vatu Aurum Gold Project located in Fiji. The company reported promising preliminary data from the Namalau Trend, along with the Loma and Buca corridors, which indicated the presence of epithermal minerals such as selenium, arsenic, mercury, and antimony. These findings support the assertion of a vertically intact gold system at the site. Kalo Gold emphasizes that any comparisons made to existing mines are purely for geological context and do not reflect the specific potential of their project in terms of size, grade, or economic viability. Additionally, Kalo Gold announced the engagement of Velocity Trade Capital Ltd. to provide market liquidity services under applicable securities laws and the policies of the TSX Venture Exchange. This agreement is meant to facilitate better market activity for the company, which is distinct from other partnerships they might have. Velocity Trade’s involvement is subject to the acceptance of the TSX Venture Exchange and encourages stakeholder confidence while ensuring a transparent trading environment. The company has also outlined intentions to proceed with an extensive 9,000-meter drill program, contingent upon securing adequate financing and receiving all necessary regulatory approvals. They aim to drill at various targeted zones, including Aurum Prime and other identified trends that have shown potential for substantial gold mineralization. Kalo Gold has urged shareholders and interested parties to visit their updated website to gain further insights into drill plans, geological models, and to access their corporate presentations. Kalo Gold recognizes the exploratory nature of their operations and acknowledges the risks associated with forward-looking statements related to their mineral explorations. They highlight the importance of conducting additional analysis to confirm the grade, continuity, and extent of mineralization at the Vatu Aurum site. The risks involved, both geological and financial, emphasize the uncertain nature of mining endeavors, underpinning the necessity for diligent exploration and verification processes going forward.