Kalamazoo Resources Ltd. awarded a 10,000-meter diamond drilling contract at its Castlemaine gold project in Victoria, Australia, to Deepcore Drilling Pty. Ltd. that is expected to take place in late 2019 and early 2020.
The proposed two-stage program will test the results and interpretations of Kalamazoo's recent ground geophysical surveys and 3D structural geology modeling in highly prospective areas, the company said Oct. 21.
The drilling will take place in the northern area of Kalamazoo's EL6679 license, where the company has identified numerous targets, and will start shortly upon the finalization of land access and statutory approvals.
The first stage of the program will consist of 4,000 meters of diamond drilling, which will be used to refine Kalamazoo's conceptual models and targets as well as provide critical input into future planned geophysical surveys and the second-stage drilling program, which will comprise 6,000 meters in early 2020.
The company added that it will fund drilling and other exploration programs through the sale proceeds of the Snake Well gold project in Western Australia.
Kalamazoo was granted the 218-square-kilometer Wattle Gully South exploration license in July, which is immediately south of Castlemaine.