Kalamazoo Resources (ASX: KZR) has announced significant progress at its Ashburton Gold Project, with new drilling results validating its geological model and confirming strong gold mineralisation down-plunge of the Mt Olympus pit.
Initial assay results from the Phase 1 Growth diamond drilling program at **Ashburton **have delivered highly encouraging intercepts.
Drill hole KADD0003 returned 8.8 m @ 11 g/t Au from 20.5 m, including a high-grade section of 2.9 m @ 21 g/t Au, while hole KADD0004, intersected 43.8 m @ 3.4 g/t Au from 93 m, containing 21 m @ 4.6 g/t Au.
These results confirm a significant mineralisation extent of approximately ~300 m below the current Mt Olympus pit shell.
At Olympus West, drill hole KADD0006 reported 0.8 m @ 23 g/t Au from 187.7 m and 30.9 m @ 1.5 g/t Au from 214.5 m, including 9.2 m @ 2.4 g/t Au.
These hits indicate strong gold mineralisation along key structural controls such as the Zoe Fault.
Geological Model Validation
The assay results, received for five of the eight completed diamond drill holes, largely validate Kalamazoo's geological model for mineralisation controls at Ashburton Gold Project.
The company has reiterated that the gold mineralisation is best developed where conglomerate host units intersect the Zoe Fault and associated steep feeder structures.
The drilling program also maintained excellent technical standards, reporting a core recovery of 99.77%, ensuring high data integrity for the reported results.
Following these positive initial results, Kalamazoo Resources plans to commence a resource definition drilling program.
The primary objective of this program is to support the development of a production profile exceeding 1 Moz Au.
Additional growth drilling is also planned to follow the resource definition phase, signalling the company's commitment to further expanding the project's resource base.
Leadership Reinforces Project Development
The company recently strengthened its leadership with the appointment of Andrew McDougall as Chief Executive Officer, effective 4 May 2026.
Mr McDougall brings over 25 years of global mining operational and technical leadership, which is expected to bolster technical governance and execution discipline.
His experience will be crucial as the Ashburton Gold Project progresses from Pre-Feasibility Study towards Bankable Feasibility.
Earlier capital raises, including an oversubscribed Share Purchase Plan and a placement, secured a total of $12.1m (before costs) to fund ongoing drilling and Pre-Feasibility Study work.
Outlook on Resource Growth
Kalamazoo Resources' latest drilling results are highly encouraging, validating the company's geological understanding and demonstrating significant potential for resource expansion at the Ashburton Gold Project.
With resource definition drilling commencing imminently and a new CEO poised to bolster project development capabilities, the company is well-positioned to advance towards its goal of a multi-million ounce production profile.
