KALO GOLD Drills Additional Thick, Near-Surface, High-Grade GOLD Mineralization, with 69M at 0.91 G/T Au (Including 4M of 5.11 G/T Au), at Vatu Aurum GOLD Project IN Fiji
Kalo Gold Holdings Corp.
Suite 1430, 800 West Pender Street
Vancouver, BC, V6C 2V6
www.kalogoldcorp.com
For Immediate Release
KALO GOLD DRILLS ADDITIONAL THICK, NEAR-SURFACE,
HIGH-GRADE GOLD MINERALIZATION, WITH 69M AT 0.91 G/T
AU (INCLUDING 4M OF 5.11 G/T AU), AT VATU AURUM GOLD
PROJECT IN FIJI
VANCOUVER, BC, CANADA, JULY 13, 2021, KALO GOLD HOLDINGS CORP. (TSX.V: KALO)
(“Kalo Gold,” or the “Company”), is pleased to announce the results from two additional drill holes which
both intersected thick, near surface, gold mineralization at Qiriyaga Hill at Kalo Gold’s 100% owned, large
36sqkm, Vatu Aurum gold project in the South Pacific’s Ring of Fire, in Fiji. The drill holes are part of the
Phase 1 Program, where a total of 4 holes have now been reported of the 8 hole, 1,800m program.
Highlights:
Drill Hole KGD-04, an in-fill drill hole to the northeast of Qiriyaga Hill, recorded multiple thick,
near surface high-grade gold intersections, over an interval of 69m averaging 0.96 g/t Au,
starting at 21m, including 4m of 5.11g/t Au.
Drill Hole KGD-03, a step-out drill hole to the northwest of Qiriyaga Hill, located 40m to the
northwest of closest hole (TDD-02), recorded multiple thick intersections, over an interval of
24m averaging 1.01 g/t Au, starting at 21m, including 2m of 6.27g/t Au.
Results provide further confirmation of the continuity of epithermal-type mineralization, with the
deposit open in multiple directions.
Fred Tejada, Kalo Gold Chief Executive Officer, commented: “The results from the first four holes of the
Phase 1 Drill Program and property-wide exploration campaign have been highly encouraging. Step-out
drilling has continued to intersect wide near-surface gold mineralization in Qiriyaga Hill, and remains
open in multiple directions, highlighting the potential for further expansion. While conducting the drilling
at Qiriyaga Hill, a large focus has also been on geochemical sampling and geophysical surveys regionally
and around Qiriyaga Hill. Initial results have shown significant regional target potential, particularly the
Mouta target which reported, 2g/t Au, 645g/t Ag and 3.12% Cu (19.3g/t AuEq) from rock chip outcrop
sampling and 3.06g/t Au, 819g/t Ag and 1.63% Cu (16.6g/t AuEq) from a historical stockpile grab sample(1).
We look forward to reporting additional survey results focused on the Qiriyaga Zone near-term.”
Note (1): See May 26, 2021 Press Release, Kalo Gold Reports High-Grade Gold-Silver-Copper
Mineralization at Mouta Prospect, IP Survey Results Expand Qiriyaga Hill Target Size and Exploration
Activities Update
Drill Results
The latest drilling results are from two drill holes, KGD-03 and KGD-04, which both intersected thick,
near-surface, gold mineralization from the Phase 1 (8 hole, 1,800m) Drill Program at Qiriyaga Hill. KGD-
04 intersected 69m (down-hole length) of gold mineralization, averaging 0.96 g/t Au, including multiple
intersections of higher grade 4m (34m to 38m) at 5.11g/t Au and 1m at 4.53g/t Au at 83m to 84m. The
gold mineralization is characterized by the presence of an alternating sequence of pervasively silica-clay
alteration containing hairline-wide quartz veinlets and ±fine pyrite disseminations in the fiamme breccia
and mudstone. Gold mineralization occurs in both the oxide and primary zones (base of oxidation at 33.2m
down-hole depth) and is open to the northeast. An increase in carbonate alteration (calcite veins), interpreted
to be a post-gold mineralization event, accompanies lower gold mineralization in the primary zone,
particularly in the hydrothermal breccia. Hole KGD-03 recorded multiple gold intersections, from an
overall intersection of 21m to 45m interval (down-hole length), averaging 1.01g/t Au including 2m @
6.27g/t Au from 37m to 39m.
Results of the first two holes were previously released, and included KGD-01, which recorded multiple
thick gold intersections starting at surface, recording an average intersection of 101 m averaging 0.94 g/t
Au with several higher-grade intervals, including 16 m at 2.08 g/t Au (refer to news release dated March
29, 2021 -- "Vatu Aurum Gold Project Confirming Multiple Thick, Near-Surface Gold Intersections").
Significant Intervals include:
Hole ID From (m) To (m) Interval* (m) Grade (g/t) Au
KGD-03
21.00 45.00 24.00 1.01
including
37.00 39.00 2.00 6.27
167.00 172.00 5.00 0.76
289.00 291.00 2.00 0.45
KGD04
21.0 90.00 69.00 0.96
including
34.0 38.00 4.00 5.11
47.0 52.00 5.00 1.83
57.0 61.00 4.00 1.44
63.0 64.00 1.00 2.50
83.0 84.00 1.00 4.53
*Insufficient data to determine true width. No cut-off grade or internal dilution was applied in the
calculation.
Figure 1. Drill hole location map of Qiriyaga Hill
Figure 2. Section along KGD-01 and KGD-03 showing gold assays and those of adjoining drill holes.
Figure 3. Section along KGD-04 showing gold assays and those of adjoining drill holes.
Sampling, Analysis and QAQC
The Company sends its samples to ALS Minerals laboratory in Brisbane, Australia (“ALS”) for sample
preparation and analysis. The drill core was sampled at 1m intervals and cut into half with an electric-
powered core saw at the at the Company’s exploration camp. Gold was analyzed using Au-AA24 method
(50g split). Multi-element analysis was also carried out using ME-ICP61m and Hg-MS42 methods. Au-
AA24 and ME-ICP61 are also used for rock chips or grab samples. Kalo’s Quality Control and Quality
Assurance (QAQC) protocol for drill core samples includes: 1) field measurement of half core sample
weights,;2) insertion of certified reference materials at 1 in 20 frequency; 3) insertion of Certified Reference
Materials (CRM) or blank sample at 1 in 20 frequency; and 3) insertion of duplicate core samples. ALS has
internal QAQC protocols that include analysis and results monitoring for certified reference materials,
blank samples, and duplicate core samples.
Health & Safety Update
Fiji has been under COVID-19 inter-island travel restrictions since mid-April 2021. Drilling in Qiriyaga
Hill and Vuinubu Ridge will resume when restrictions on inter-island travels are lifted to allow the
Company’s drillers to return to site. Meantime, the Company will continue with the review of surface and
core geology and expand soil sampling in Qiriyaga Zone, mapping of Mouta following the completion of
soil sampling and visit to the other prospects.
Kalo Gold operates solely on the northern Fijian island of Vanua Levu, where there are currently no
confirmed community cases of COVID-19. The Company has implemented additional safety controls to
ensure the health and safety of all employees, contractors, and communities. These measures are in line
with the Fiji Ministry of Commerce, Trade, Tourism and Transport Protocols for COVID Safe Business
Operations. Such measures include employee temperature checks, the implementation of the CareFiji App,
ongoing hygiene training, social distancing, and frequent handwashing.
About Kalo Gold
Kalo Gold is a mineral exploration company focused on the Vatu Aurum gold project on Fiji's north island,
Vanua Levu. Kalo holds two mineral exploration licenses covering over 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.
Qualified Person
The technical information in this news release was reviewed by Fred Tejada, P.Geo, a director and officer
of Kalo Gold, a qualified person as defined by National Instrument 43-101 (NI 43-101).
On behalf of Kalo Gold
Fred Tejada
Chief Executive Officer and Director
For more information contact, please contact Kevin Ma, President and Director, at
[email protected] or +1-604-363-0411.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the Exchange) accepts responsibility for the adequacy or accuracy of this press release.
Forward Looking Statements Disclaimer
Certain statements in this release are forward-looking statements, which are statements that are not purely
historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the
future. Forward looking statements in this news release include statements relating to proposed drilling
timeline and the proposed expansion of the exploration program. Forward-looking statements are often
identified by terms such as “will”, “may”, “should”, “anticipate”, “expects” and similar expressions. All
statements, other than statements of historical fact, included in this release, including statements regarding
the proposed drilling timeline and the proposed expansion of the exploration program, are forward-looking
statements that involve risks and uncertainties. There can be no assurance that such statements will prove
to be accurate and actual results, and future events could differ materially from those anticipated in such
statements. Important factors that could cause actual results to differ materially from the Company’s
expectations include quality and quantity of any mineral deposits that may be located, the Company's
inability to obtain any necessary permits, consents or authorizations required for its activities, the
Company's inability to raise the necessary capital to be fully able to implement its business strategies, and
other risks and uncertainties disclosed in the Company’s filing statement dated February 9, 2021 and latest
interim Management Discussion and Analysis filed with certain securities commissions in Canada.
The reader is cautioned that assumptions used in the preparation of any forward-looking statements herein
may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those
predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of
which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any
forward-looking information. Such information, although considered reasonable by management at the
time of preparation, may prove to be incorrect, and actual results may differ materially from those
anticipated. Forward-looking statements contained in this news release are expressly qualified by this
cautionary statement. The forward-looking statements contained in this news release are made as of the
date of this news release and the Company will update or revise publicly any of the included forward-
looking statements as expressly required by Canadian securities law.