Kalamazoo Resources Ltd (ASX:KZR) has lodged a exploration licence application (ELA) for the South Muckleford tenement in the Maldon goldfield region of Victoria.
The ELA covers the highly-prospective Muckleford fault and the southern strike extent of the Union Hill Gold Mine, as well as featuring adjacent historical gold workings to the west.
Acquiring the project is an important component of the company’s exploration strategy of compiling and exploring a portfolio of high-quality Victorian gold projects based on a high-grade target deposit model.
Gold workings reveal linear trends
Only limited and shallow drilling has been conducted in the area and it has not been subject to systematic modern exploration techniques such as ground physics and airborne surveys.
Gold workings found in the tenement are coincident with prospective second and third-order faults associated with the Muckleford fault and reveal linear trends indicative of lines of lodes or reefs like those at Kalamazoo’s nearby Castlemaine Gold Project.
A major drilling program by Chalice Gold Mines Limited (ASX:CHN) is underway to the north of Kalamazoo’s application, focused on identifying high-priority target areas under cover within the Muckleford fault area.
The Maldon goldfield is the seventh largest Victorian goldfield with historical production of more than 1.975 million ounces and 317,000 ounces of primary and alluvial gold, respectively.