THE BOURSE WHISPERER: Kalamazoo Resources (ASX: KZR) bp;stered its portfolio of Victorian gold projects after being granted Exploration Licence EL007323, also known as the Myrtle gold project.
The Myrtle project EL is located within the highly endowed Bendigo Zone of the Central Victorian Goldfields and covers 44 square kilometres of highly prospective goldfields geology, 30km south of the high-grade Fosterville gold mine.
The addition of the Myrtle gold project takes Kalamazoo’s Victorian exploration tenure in the prolific Bendigo Zone to approximately 515sqkm.
“The Myrtle gold project is a great addition to our Victorian portfolio, given its proximity to our nearby Castlemaine and South Muckleford gold projects,” Kalamazoo Resources chairman and CEO Luke Reinehr said in the company’s ASX announcement.
“With the Myrtle gold project located just 30 kilometres from the world-class Fosterville gold mine, it will play an important role in our strategy to consolidate exploration tenure in the immediate vicinity of Fosterville and the highly prospective Central Victorian Goldfields.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE