Kalo Gold Confirms Mineralized Bedrock at Wainikoro with Fire Assays up to 8.78 g/t Au, Fiji
Kalo confirms bedrock at Wainikoro, validating the epithermal model despite market concerns over potential dilution affecting grades.
Kalo Gold Corp. has released certified fire assay results from the Wainikoro target at its 100%-owned Vatu Aurum Project in Fiji. The results confirm widespread gold mineralization in surface outcrops and underlying bedrock, with assays reaching up to 8.78 g/t Au. Trench channel sampling averaged 0.28 g/t Au over a 14-metre interval, demonstrating continuity into bedrock.
Laboratory results validate the company's detectORE™ field screening, with grades matching or exceeding field estimates. The geological model supports a structurally controlled low-sulphidation epithermal gold system along the Nubu Graben corridor. Ground geophysical surveys, including CSAMT, IP, and gravity, are scheduled to commence to define subsurface geometry and prioritize future targets.
The announcement confirms the continuity of mineralization at the project but does not define a mineral resource or reserve. This news is considered incremental and expected as part of the ongoing exploration program, with no material change to the company's financial position or valuation indicated. The stock price remains at a 52-week low, reflecting market skepticism regarding dilution and the pre-revenue status.
Kalo Gold Corp. is an exploration-stage company focused on the 100%-owned Vatu Aurum Project in Vanua Levu, Fiji. The project covers approximately 367 square kilometers and hosts multiple epithermal gold targets, including Wainikoro, Qiriyaga Complex, and Namalau Trend. The company is interpreting the project as a single, multi-phase, structurally reactivated volcanic complex. No mineral resources or reserves have been disclosed, and no economic studies, including net present value, internal rate of return, or capital expenditure analyses, have been completed.