Australia

Kalamazoo Resources in trading halt ahead of placement news

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Kalamazoo Resources Ltd (ASX:KZR) is in trading halt ahead of a placement.

The trading halt will remain in place until the beginning of trade on Wednesday, January 15 or when an announcement is made to market – whichever occurs earliest.

At the end of December 2019, the company received assay results from the fourth and final hole drilled at its Mustang prospect within the Castlemaine Gold Project in Victoria.

Results “support exploration strategy”

Assays revealed 1.42 metres at 261.3 g/t gold from 100.32 metres depth over a wider than interpreted interval which includes the visible gold intersection containing 0.17 metres at 1,916 g/t gold.

Kalamazoo chairman and CEO Luke Reinehr said: “Although we are in the very early days of our maiden drill program at Castle main, this exceptionally high-grade assayRead More – Source