Chris Thompson with Kevin Ma on the newly listed KALO Gold and the Vatu Aurum gold project in Fiji

In a recent InvestorIntel interview, Chris Thompson speaks with Kalo Gold Holdings Corp.’s (TSXV: KALO | OTCQB: KLGDF) Director and President Kevin Ma about Kalo’s listing and concurrent capital raise earlier this year with the Vatu Aurum gold project located in Fiji’s north island, Vanua Levu in the prolific Ring of Fire South pacific.

Kevin starts: “We had a full 43-101 done as part of this process, so we’re very excited to launch this on on the markets here in 2021.” Adding,  “we wanted to find a gold property — a gold asset to monetize and I think we definitely landed on something here.”  Tapping into a discussion on the Vatukoula Gold Mines, Kevin explains how the largest producing gold mine in Fiji has not only been in operation for nearly 60 years with a 10 million ounce plus deposit but how they’re developing an alkaline system gold project and the associated potential relevance of Kalo.  Kevin went on to say that the region has attractive geology for potential large gold deposits and highlighted the near-surface gold mineralization at their Vatu Aurum gold project making it a “potential near-term open pit mine”.

To watch the full interview, click here

About Kalo Gold Holdings Corp.

Kalo Gold is a mineral exploration company focused on the Vatu Aurum gold project on Fiji’s north island, Vanua Levu. Kalo Gold holds two mineral exploration licenses covering 36,700 hectares of land and on trend with many of the largest gold deposits in the world in the Southwest Pacific Ring of Fire.

To learn more about the Kalo Gold Holdings Corp., click here

Disclaimer: Kalo Gold Holdings Corp. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp. (IIC) does not contain, nor does it purport to contain, a summary of all the material information concerning the Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete. 

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation.  Forward-looking statements are based on the opinions and assumptions of management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken,  as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please email info@investorintel.com.




A potential gold star is born along the Ring of Fire, aptly named Kalo Gold

Some of the best gold discoveries have been made along the so-called “Ring of Fire”, such as the world’s second-largest gold mine, Grasberg in Indonesia. In fact, the majority of Earth’s porphyry copper-gold deposits and several epithermal gold deposits occur along the Ring of Fire. This is because the Ring of Fire is a region around much of the rim of the Pacific Ocean where many volcanic eruptions and earthquakes occur. It is this activity that brings the huge gold deposits towards the Earth’s surface.

One company has a gold project along the prolific Ring of Fire, located in Fiji, a beautiful Pacific Island. The company is Kalo Gold Holdings Corp. (TSXV: KALO) (“Kalo Gold”).

Interestingly, in the Fijian language “Kalo Kalomeans “star”. Kalo believes that they may have a star mineral property in the making and perhaps a star mineral district for Fiji.

Kalo Gold’s Vatu Aurum Project is located in Fiji and strategically along the Pacific Ring of Fire – The Pacific Ring of Fire is known for its many huge gold deposits

Source: Company spotlight presentation

Kalo Gold’s Vatu Aurum Gold Project

Kalo Gold is focused on their 100% owned high-grade Vatu Aurum Gold Project on Fiji’s north island of Vanua Levu. Kalo Gold holds two mineral exploration licenses covering over 36,700 hectares.

The Project has a Historical Resource of 158,831 oz Au (not to be relied upon) as well as some high-grade gold in drill core intercepts such as hole KCD17 with 10m @ 27.18g/t Au (including 1m @ 120g/t Au) and hole KCD18 with 6m @ 15.88g/t Au.

Historical work included 9,479m of diamond drilling, 50% was done by Placer Pacific, concentrated in the resource area at Qiriyaga Hill. The area needs further drilling to better define the Resource. Exploration is done with an inhouse drill which results in low costs and greater efficiency. To date, only 2% of the land has been explored leaving large potential for district-scale discovery.

Announced in March 2021, the first two drilling results at the Qiriyaga Zone on the Vatu Aurum Gold Project results were impressive with results including:

  • “First hole drilled, KGD-01, recorded multiple thick, near surface gold intersections, over an interval of 101m averaging 0.94 g/t Au, starting at surface.
  • KGD-01 intersected multiple higher-grade intersections, including 2m at 6.00 g/t Au at 8m depth, 16m at 2.08 g/t Au at 69m depth including 2m at 5.36 g/t Au at 69m depth.”

Announced on May 26, 2021, Kalo Gold reported high-grade gold-silver-copper mineralization at Mouta Prospect on the Vatu Aurum Gold Project, results including:

  • 2 g/t Au, 645 g/t Ag and 3.12% Cu (19.3 g/t AuEq) from rock chip outcrop sampling and 3.06 g/t Au, 819 g/t Ag and 1.63% Cu (16.6 g/t AuEq) from historical stockpile grab sample.”

Kalo Gold’s Vatu Aurum Project has 7 historic and 7 new targets spread along a 25 km belt

Source: Company spotlight presentation

The Project region has good infrastructure and access for active exploration and mining. Fiji has a long history of mining operations including the Vatukoula Mine which has been producing gold for over 75 years, with over 7 million ounces of gold produced. Fiji is a prolific, proven, and growing mining jurisdiction.

Kalo Gold has proven management with ~30% share ownership, so good skin in the game. Director & CEO, Technical Lead, Fred Tejada, P.Geo has over 35 years of international mineral industry experience with both major and junior companies.

Closing remarks

Kalo Gold Holdings trades on a market cap of C$16 million reflecting the early exploration stage of the company. The Historical Resource of 158,831 oz Au is not to be relied upon but is a useful rough guide of what has been found to date. Drill results announced in March 2021 were very encouraging and the potential of the region looks very exciting.

As with all junior miners, there is exploration risk and sovereign risk, but in this case, there is also the chance at big reward given the Ring of Fire location. Just maybe a ‘star’ will be born as the name kalo kalo suggests. Stay tuned for further exploration results in 2021.




Thunderstruck’s Fijian projects field work advances assets potentially rich in zinc, copper, silver and gold

Thunderstruck Resources Ltd. (TSXV: AWE) is a Canadian mining exploration company with highly prospective volcanogenic massive sulfide (VMS) and precious metals projects in Fiji. The Company provides investors with exposure to a diverse portfolio of assets potentially rich in zinc, copper, silver and gold in a relatively safe and stable jurisdiction.

Fiji is located on the Pacific Ocean’s Ring of Fire which contains many of the world’s major gold and copper deposits. Fiji is served by a mining-friendly government, and has a reasonable royalty (5% gross profits) and tax structure (20% corporate).

The Pacific’s Ring of Fire

Thunderstruck’s 100% owned property portfolio is on the main island of Viti Levu, and covers nearly 4 percent of the island. It includes their main assets; the Nakoro and Wainaleka zinc-copper (VMS) projects, which make up the Company’s two flagship properties. Both flagship projects are the site of successful historical drilling by Anglo American Ltd. (Anglo). This is the first year that Thunderstruck has had the entire land package under its control and can meaningfully advance the various targets.

Thunderstruck’s 100% owned projects (red star)

Nakoro

Two high priority targets exists on the Nakoro License covering 148 sq.km. The Liwa Creek Gold Project, a high grade gold epithermal prospect has returned very encouraging surface work and trenching results. The Rama Creek project is a large, low grade copper-gold porphyry.

Thunderstruck has been conducting geologic mapping, geochemical, and trenching programs on its Liwa Creek and Rama Creek properties to establish future drill targets. Geophysical interpretative work carried out in 2012 indicated that the prospective horizon extends over 8 km. With selective surface grab samples of zinc rich nodules, (sphalerite-rich) assayed 2.6% copper, 27.5% zinc and 177 g/t silver. At the Senikura Gold Zone target trench rock channel samples returned results averaging 0.96 g/t Au over 11.1 m (38.5 to 49.6 m), within a broader anomalous gold zone averaging 0.55 g/t Au over 37.6 m (12 to 49.6 m).

Wainaleka

The Wainaleka project covers 30 sq. km of zinc-copper VMS prospects. In 1977, two diamond drilling programs were carried out by Anglo at Wainaleka. Fifteen holes were drilled totaling 1,763 meters, with average depths of 120 meters having a strike length over 650 meters. Extensive rock sampling showed that mineralization extends north and west. This left two stacked wide open mineralized zones of high grade zinc and copper with only a few meters of surface oxidation maximizing tonnage for flotation, leaving potential for an open pit at top of massive sulfide.

On May 17, 2018 the company announced that field operations are well underway. President and CEO Bryce Bradley commented: “Our exploration season is now in full swing, and we have initiated multiple activities across all of our primary assets.”

Preliminary mineralogical tests from the Wainaleka VMS project indicate great potential to produce zinc and copper concentrates via conventional flotation, which is a critical precursor to mine development. Further work on the high-grade Liwa Creek gold prospect will begin shortly, giving all of the zinc, copper and gold assets much deserved attention.

Bryce Bradley stated: “The enthusiasm around this program has prompted investors to request a private placement, at above market, which we have agreed to. The company is now entertaining joint venture opportunities, and will be organizing site visits throughout the season.”

The projects are close to Asian markets with Viti Levu having excellent infrastructure including a deep water port, a hydroelectric dam, and  forestry roads that traverse all licensed areas with upgraded roads being developed in the Rama Creek zone. There are several historical mining and exploration companies operating on the island.

Thunderstruck has a market cap of C$ 3.34m.

The Pacific’s Ring of Fire is associated with rich deposits of copper, gold and other minerals. Thunderstruck’s 178 sq km of 100% owned projects sit within a historically highly prospective volcanogenic massive sulphide (VMS) area, close to Asian markets, giving the company plenty of potential.




Exploring precious metals in Fiji with Thunderstruck Resources

Some of the richest deposits of metals such as gold, silver, zinc and copper are to be found in geological structures which have been shattered, folded and sheared by volcanic activity. Typically, these rock formations are millions of years old, and like a couch collects loose change, they slowly accumulate deposits of sought-after materials as fluids from deep underground are pumped through the resulting network of veins. It follows, then, that any company that chooses to break volcanic ground deserves a look-in, and it doesn’t get much hotter than the pacific basin’s “Ring of Fire”, on which 75% of the world’s volcanoes are found.

Thunderstruck Resources Ltd. (TSXV: AWE) (“Thunderstruck”) 100% owns four highly prospective deposits that cover almost 7.5 percent of Viti Levu, the main island of Fiji, located on the “Ring of Fire”. The company’s two flagship projects are both volcanogenic massive sulfide ore deposits (VMS) created by hydrothermal and volcanic activity and are most commonly associated with high copper-zinc mineralisation. In fact, historic drill sampling at these sites in the 1970s assayed grades averaging 7% Zn and 1.5% Cu, but some standout results were seen at both projects, with ~12% Zn, ~2% Cu and ~50g/t Ag found in some areas.

In order to get these superb VMS deposits out of the ground, a significant amount of exploration and delineation is still required, but Thunderstruck owns a further two resources on the island that could readily provide the cash required to later commission all four sites. The Liwa Creek gold prospect features outcrops of highly silicified rock assaying 5.7g/t gold over 7 metres, an outcrop of galena-rich quartz veining featuring up to 36g/t gold, and float samples from various localities have graded up to 11.5g/t gold and 110 g/t silver. Clearly, the section of island on which Thunderstruck are based hosts some truly impressive and valuable features.

With precious metals gaining ground this year (and probably for the next three or so), the company would do well to lead with gold and silver in order to raise the capital necessary to establish what would be a sizeable operation on Viti Levu. Thankfully, the management and technical teams are highly experienced, particularly in the geology of Fiji itself, and inspire great confidence in their ability to bring further fruitful operations to the tropical paradise.

Fiji has a long history of mining and is already host to a range of explorers in various stages of development; the Vatukoula Gold Mine has been operating for the past 80 years, and has produced in excess of 7m ounces of gold, and a further 4.2m ounces remain in ground. Newcrest/Mitsubishi Namosi is a pre-feasibility copper-gold project containing an impressive 2.2bn tonnes @ 0.34% Cu and 0.11 g/t Au, and is similar to Thunderstruck’s Rama Creek porphyry deposit only 20 km to the west.

Fiji is actually a very low-cost option for mining companies, and its proximity to Asian markets makes it a great location for metals extraction. The main island enjoys good infrastructure and access to seaports, and so future logistics should be stress-free. Thunderstruck maintains a remarkably tight share structure for a company with 100% ownership of such large resources; only 34m shares outstanding and currently trading at C$0.10. If you’re the kind of investor who likes it hot, Thunderstruck’s diversified Fiji portfolio is certainly that.