Kalamazoo Resources Ltd (ASX:KZR) has officially lodged an exploration licence application to further increase its tenure at the newly acquired South Muckleford Gold Project in the Victorian Goldfields.
The South Muckleford Gold Project now comprises two tenures being EL6959 and the new licence application EL7021 with the majority of the property located on Crown Land and away from populated areas.
The EL7021 tenure contains historical gold workings which reveal linear trends indicative of lines of lodes and reefs similar to that found only 10 kilometres away at Kalamazoo’s Castlemaine Gold Project.
“Great result for the company”
Kalamazoo’s chairman Luke Reinehr said: “The addition of the exploration tenure to our South Muckleford project is a great result for the company and shareholders alike.
“We have high hopes for South Muckleford, particularly as there is no younger sedimentary cover enabling us easier, cheaper and quicker exploration.
“To date, the area has received limited, shallow drilling and has not been subject to systematic modern exploration techniques.
“We will look to begin low impact ground geophysical surveys at South Muckleford shortly, which will assist us in identifying and mapping potential gold mineralised structures for follow up diamond drilling.”
Project details
South Muckleford is in the Maldon Goldfield in Victoria and covers the highly prospective regional Muckleford Fault as well as adjacent historical workings to the west and the southern strike extension of the Union Hill Gold Mine.
The Maldon Goldfield is the seventh-largest Victorian goldfield, having historically produced more than 1,975,000 ounces and 317,000 ounces of primary and alluvial gold respectively