Kalo Gold Extends Wainikoro Corridor to 4.3 km with Gold up to 8.78 g/t
KLGDF sits 29% above its 52-week low of $0.082 on elevated volume (3.7× avg).
Summary
Kalo Gold's IP survey at Wainikoro defined a 4.3 km resistivity corridor that remains open along strike, with gold results along its length including 8.78 g/t Au by fire assay and 7.83 g/t Au at the New Vein Cluster. The corridor is a new, large-scale target for the company's Vatu Aurum project in Fiji. Trenching exposed hydrothermally altered breccia corresponding to a resistivity high, supporting the targeting model. A CSAMT survey starting late September will test depth continuity of the corridors. This is a material exploration update for a micro-cap explorer, though no new certified assays were reported.
At the time of this announcement, KLGDF was trading at $0.11 on OTC in the Industrial Applications And Services sector, with a market capitalization of approximately $12.5M. The 52-week trading range was $0.08 to $0.43. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: ACCESS Newswire.