Commencement Of Exploration At Vatu Aurum Project

VANCOUVER - Kalo Gold Corporation announced the commencement of field exploration at its Vatu Aurum Project located in the Republic of Fiji. Field exploration work completed over the past 30-plus years has been part of a year-long compilation program led by the SGDS Hive Team and has resulted in a significant and improved understanding of the geological setting of the epithermal gold mineralization at Vatu Aurum and its district-scale gold potential.

The compilation by the SGDS Hive Team focused on developing a geological model of Vatu Aurum by integrating and interpreting all the existing exploration data. The identification of widespread sinters (paleo-surface expression of epithermal systems) will provide an important vectoring tool for potential new gold discoveries. The exploration work will focus on the identification of hydrothermal fluid vent sources, determine structural controls of the gold mineralization, and establish an updated and comprehensive geological and exploration model to identify new epithermal systems with the objective to expand the existing historical gold resources.

Exploration work will initially focus on the Qiriyaga and Vuinubu Ridge Gold Deposits and the Vuinubu Ridge to Namalau Trend. The Namalau Trend is a >2,000 meter (m) northeast trending priority epithermal gold target located along the deep seated Nubu Graben Fault. Field work to date indicates that less than 20 meters of the epithermal system has been eroded and it is interpreted that trenching and shallow drilling has intersected only the upper portion of the epithermal system.

Terry L. Tucker, President and CEO, said, “Over the past 30 plus years, exploration by Placer Dome, Camelot, TVI Pacific and Kalo Gold have collected well in excess of CAD$30M of exploration data. A compilation of this work, by the professional team at SGDS Hive and in particular Andy Randell, P.Geo., has led to the start of this new and exciting field exploration program with the SGDS Team and Kalo Team, including myself, now in the field to advance Vatu Aurum."