Kalo Gold Drills New Discovery, Intersects Bonanza-Grade 12.80 g/t Au over 22.12 m, including 25.10 g/t Au over 10.05 m at Qiriyaga Complex, Vatu Aurum Project, Fiji

Executive Summary

• Kalo Gold reported bonanza‑grade gold intercepts from hole VA25‑DH11 at the QC1 target in the Qiriyaga Complex, confirming its diatreme‑margin geological model.
• The intercept includes 22.12 m @ 12.80 g/t Au (true width 20.70 m) with higher‑grade sub‑intervals up to 83.30 g/t Au.
• Phase 2 drilling is now underway to expand the high‑grade zone at QC1 and test sixteen additional diatreme targets across the Aurum Epithermal Field, indicating district‑scale potential.

Key Details

• QC1 Hole VA25‑DH11 (Qiriyaga Complex)
• Total intersect: 22.12 m @ 12.80 g/t Au (true width 20.70 m).

• Sub‑intervals:

  • 10.05 m @ 25.10 g/t Au (55.55–65.60 m)
  • 7.00 m @ 35.01 g/t Au (58.00–65.00 m)
  • 1.00 m @ 75.30 g/t Au (59.00–60.00 m)
  • 0.75 m @ 29.40 g/t Au (61.50–62.25 m)
  • 1.00 m @ 83.30 g/t Au (64.00–65.00 m)

• Geophysical Context

• QC1 diatreme interpreted to extend to ~395 m depth, intersecting high‑resistivity anomalies linked to breccia bodies.

• Sixteen similar high‑resistivity diatreme anomalies identified across Qiriyaga Complex, Vuinubu Ridge, Vuinubu South, Drudrusavu, and Loma.

• Phase 2 Drilling

• Ongoing program aims to expand the high‑grade zone at QC1 and test the sixteen additional interpreted diatremes.

• Additional drill targets along Namalau, Loma, and Buca trends (18 identified upwelling zones) will be vector‑tested before deeper step‑out drilling.

• Namalu Trend – Holes VA25‑DH01 to DH10

• Drilled two of the eighteen identified upwelling zones (Dua & Rua).
• Intercepted characteristic upper‑zone epithermal alteration, dolomite replacement, and pathfinder elements (Hg, Se, As, Sb), confirming a preserved shallow system.

• No significant gold intercepts returned from DH01–DH10; only VA25‑DH11 delivered bonanza grades.

• Drill Collar Locations (selected examples)

• VA25‑DH01 – Namalau Dua: Easting 780,061 m, Northing 8,194,379 m, Depth 176.3 m.
• VA25‑DH06 – Qiriyaga Complex (Vunisea Area): Easting 778,876 m, Northing 8,194,462 m, Depth 248.5 m.

• VA25‑DH11 – QC1 Structure: Easting 779,096 m, Northing 8,194,062 m, Depth 204.5 m.

• Quality Assurance / Quality Control

• Core shipped to ALS Limited (Australia) for Au-AA25 and multi‑element ICP‑MS analysis.

• Certified reference materials, blanks, and field duplicates incorporated per industry standards.

• Qualified Person

• Technical information reviewed and approved by Andrew Randell, P.Geo., principal of SGDS Hive, an independent NI 43‑101 qualified person.

Notable Quotes

“VA25‑DH11 represents a significant step forward in our understanding of the Vatu Aurum system… The 22.12‑metre intersection averaging 12.80 g/t gold, with higher‑grade zones up to 83.30 g/t Au, validates our diatreme‑margin targeting model and confirms that we are operating within a high‑temperature epithermal environment.” – Terry L. Tucker, President & CEO

“At Namalau, we've intersected the upper part of the system—where our model predicted… The alteration, textures, and pathfinder chemistry confirm a preserved epithermal system with the potential for a productive gold zone below the current level of drilling.” – Terry L. Tucker, President & CEO