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.

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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.