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Kalamazoo ups mineral resource at Snake Well gold project

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Kalamazoo ups mineral resource at Snake Well gold project

Kalamazoo Resources Ltd. updated the mineral resources estimate for the A-Zone deposit, part of its Snake Well gold project in Western Australia, to 932,000 tonnes at 2.10 g/t gold for 63,000 ounces of gold, at a 0.5 g/t gold cutoff.

The update includes a 30% increase in grade and a 15% decrease in tonnage for a total increase in contained metal of 9%, according to a June 2 release.

The resource includes 663,000 tonnes at 2.15 g/t gold for 46,000 contained ounces in the indicated category and 269,000 tonnes at 1.98 g/t gold for 17,000 ounces of gold in the inferred category.

Kalamazoo signed an ore sale and purchase agreement with Minjar Gold Pty. Ltd. earlier in the year to fund the drilling, feasibility study and development of the A-Zone deposit.