Kalamazoo Resources Ltd (ASX:KZR) has exited a trading halt with a bang this morning, with its shares jumping 121% to $0.155 with four million changing hands.
The company has entered into an option to acquire between 80% and 100% equity in three Pilbara gold projects covering 252 square kilometres.
The tenements are highly prospective for gold and located in proximity to the gold projects of Novo Resources (TSX.V:NVO) / Artemis (ASX:ARV), De Grey Mining (ASX:DEG), Venturex Resources (ASX:VXR), Impact Minerals (ASX:IPT), DGO Gold (ASX:DGO) and Calidus (ASX:CAI).
The first exploration steps will be closely watched by investors.
Company Name · Code · Last · Change · Volume
Kalamazoo Resources Ltd · KZR · $0.155 · 121.43% · 3,848,585
Magnum Gas & Power Ltd · MPE · $0.002 · 100% · 25,980,575
Winmar Resources Ltd · WFE · $0.002 · 100% · 10,500,000
County International Ltd · CCJ · $0.009 · 28.57% · 605,000
Inca Minerals Ltd · ICG · $0.009 · 28.57% · 38,152,679
Jacka Resources Ltd · JKA · $0.005 · 25% · 500,000
Eve Investments Ltd · EVE · $0.005 · 25% · 1,929,909
Authorised Investment Fund Ltd · AIY · $0.010 · 25% · 100,000
Mount Ridley Mines Ltd · MRD · $0.011 · 22.22% · 10,956,548
Comet Resources Ltd · CRL · $0.062 · 21.57 · 10,000