KALO GOLD Identifies Three GOLD Depositional Environments with the Discovery of the Qiriyaga Complex, Vatu Aurum Project, Fiji
1
Kalo Gold Corp.
Suite 1507, 1030 West Georgia Street
Vancouver, British Columbia
V6E 2Y3, Canada
www.kalogoldcorp.com
(TSX.V: KALO)
KALO GOLD IDENTIFIES THREE GOLD DEPOSITIONAL ENVIRONMENTS WITH THE
DISCOVERY OF THE QIRIYAGA COMPLEX, VATU AURUM PROJECT, FIJI
VANCOUVER, BRITISH COLUMBIA, CANADA: 24 FEBRUARY 2025, KALO GOLD CORP. (TSXV: KALO) (“Kalo”, “Kalo Gold” or
the “Company”) is pleased to announce the interpretation of histor ical drilling, geophysics, 12,0 79 soil, 2,074 trench and
3,632 TerraSpec results, has resulted in a new geological model that has identified three unique gold depositional
environments at Aurum Prime on its 100%-owned Vatu Aurum Project, Fiji. This includes the recently discovered Namalau
Trend and the identification of both diatreme and surge related gold mineralization that form the Qiriyaga Complex.
Aurum Prime: Three Gold Depositional Environments Identified
Diatreme-Hosted Gold Deposits: Gold mineralization within deep-seate d diatreme structures, with historical
drilling returned up to 10.0 m at 27.2 g/t gold, including 1.0 m at 120.0 g/t gold within the Qiriyaga Complex.
Surge Deposits: Gold-rich zones formed around diatremes, with historical trenching results up to 30 m at 3.13 g/t
gold and up to 60.0 m at 1.74 g/t gold, indicates widespread mineralization potential within the Qiriyaga Complex.
Namalau Trend 1, 2 & 3: A parallel, >2km long, newly discovered epithermal gold system hosting additional high-
priority targets, reinforcing district-scale potential.
Upcoming Planned Drill Program: Drilling wll target priority targets in the Namalau Trend, including key targets such
as Dua and Rua. Drilling in the Qiriyaga Complex will focus on confirming high-grade continuity in diatreme-hosted
mineralization and expanding gold zones within surge deposits - both have excellent exploration upside.
Figure 1: Aurum Prime: Qiriyaga Complex Diatremes (QC1 to QC5) with associated - Surge Deposits in relation to the Namalau
Trend.
2
Terry L. Tucker, P.Geo., President & CEO, Kalo Gold Corp. commented: “Since launching field exploration at Vatu Aurum in
September 2024, our geological understanding has evolved dramatically. The discovery of the Namalau Trend in November
reinforced the project’s district-scale potential, and today, we are advancing even further with the recognition of the Qiriyaga
Complex and its associated Surge Deposits. Thanks to the SGDS Hive exploration team, we continue to refine our geological
model, integrating geophysics, geochemistry, and structural analys is to pinpoint the highest-priority targets. The extent of
epithermal alteration, structural controls, and widespread minera lization indicators points to a large, active and dynamic
hydrothermal system with potential for vertically extensive gold mineralization. With a multi-phase drill program planned,
our focus is on defining mineralization continuity, expanding gold zones, and methodically unlocking the full potential of the
Vatu Aurum Project. Beyond the Qiriyaga Complex, the Namalau Trend—home to key prospects like Dua and Rua—continues
to reveal compelling exploration upside, reinforcing the scal e of this opportunity. The next phase of drilling will be
instrumental in demonstrating the depth and continuity of these gold systems, moving us closer to realizing the full value of
this emerging gold district.”
Qiriyaga Complex Detail:
1. Qiriyaga Complex Mineralization: Identification of a cluster of five diatre mes, labelled QC1 to QC5 in Figure 1 and 2,
provide an excellent exploration target. To date, only QC1, has been drill tested with 49 drill holes that defined the
historical resource of the Qiriyaga Hill Gold Deposit4. Historical drilling highlights the high-grade gold potential within
the Qiriyaga Complex including KCD17 that intersected 10.0 meters (“m”) at 27.2 grams per tonne (g/t) gold from 76.0
m to 86.0 m depth including 1.0 m at 120.0 g/t gold from 81.0 m to 82.0 m5.
2. Surge Deposit Mineralization: Identification of gold-rich “Surge Deposits” around diatreme structure rims also provide
an excellent exploration target. Reinterpretation of trenching and drilling has confirmed the presence of four ring faults
around QC1, QC2 & QC4 served as fluid pathways, contributing to widespread gold mineralization. Trenching of Surge
Deposit mineralization has returned up to 60.0 m at 1.74 g/t gold (TRCT14) and 30.0m at 3.13 g/t gold (TVIT1501).
Figure 2: Qiriyaga Complex Diatremes (QC1 to QC5) with associated Surge Deposits.
3
Geological Overview
Diatremes are deep-reaching, cone-shaped volcanic structures , see Figure 3, formed by explosive interactions between
groundwater and rising hot fluids along deep-seated faults such as the Vunisea Fault. Th ese explosive events create
fractured and brecciated rock zones that serve as conduits for mineralizing fluids, making diatremes prime targets for gold
deposition. Surge Deposits are a geological formation resulting from a pyroclastic surge—a fast-moving, ground-hugging
flow of hot gas and volcanic particles ejected during explosive volcanic eruptions. This new geological model explains why
historical trenching yielded extensive gold intervals in Surge Deposits, while deeper drill holes in underlying basement rocks
encountered little to no mineralization. Geophysical data further supports the deep-rooted nature of the diatremes. A 2023
CSAMT survey identified several anomalies extending over 400 m below surface, reinforcing the potential scale and vertical
extent of the system (see Figure 2).
Figure 3: Qiriyaga Complex – simplified diatreme geological model.
Strategic Comparisons with Major Pacific Rim Gold Deposits
The Qiriyaga Complex and Namalau Trend share key geological characteristics with significant Pacific Rim gold deposits.
These comparisons provide geological context only and do not imply resource equivalency or future production outcomes.
Lihir Gold Mine (PNG) 6: Hosted within a volcanic caldera, Lihir’s deep hydrothermal systems and alteration halos
share similarities with features identified at the Qiriyaga Complex and Namalau Trend. The mine's total historical
production has surpassed 10 million ounces since operations began in 1997. Additionally, Lihir's gold reserves are
estimated at 17.5 million ounces, with a projected mine life of 16 years as of February 2024.
Kelian Gold Mine (Indonesia) 7: Diatreme structures, formed by explosive volcanic activity, can host significant gold
mineralization, particularly within associated surge de posits. These surge deposits, resulting from pyroclastic
surges, are characterized by well-sorted, layered volcanic materials that can serve as conduits for hydrothermal
fluids rich in gold and other minerals. A notable example is the Kelian Gold Mine in Kalimantan, Indonesia, where
diatreme breccias and surge deposits have been identified as precursors to epithermal gold mineralization. Studies
indicate that these deposits contain accretionary lapilli and were formed by a combination of wet pyroclastic base-
surge, fallout, and co-surge fallout processes, creating favorable conditions for gold deposition. Approximately 179
tonnes (~5.75 million ounces) of gold and 145 tonnes of silver during its operation from 1992 to 2004.
Vatukoula Gold Mine (Fiji) 8: Over 7 million ounces of historical gold production from high-grade epithermal veins.
The Namalau Trend shares key geochemical and structural at tributes with Vatukoula, highlighting its exploration
potential.
4
Exploration Strategy
Kalo Gold is advancing towards a multi-ph ase drill program designed to systematically test priority targets within the
Qiriyaga Complex and Namalau Trend. The program will focus on:
Geochemical Analysis: ongoing processing of outstanding rock, soil and trench samples to refine the geological
model.
Drill Testing of Diatremes & Surge Deposits: Expanding beyond the Qiriyaga Hill Gold Deposit to assess the Qiriyaga
Complex consisting of four newly identified diatremes and associated Surge Deposits along the Vunisea Fault.
Refining the Epithermal Model at Namalau Trend: Targeting epithermal quartz vein systems at Dua, Rua and Tolu
to evaluate mineralization potential at depth.
Structural & Geochemical Mapping: Further definition of gold-bearing hydrothermal conduits and associated
alteration halos to refine exploration priorities with trenching, soil sampling and mapping.
These efforts will provide critical insights into mineralization continuity and grade distribution, positioning Kalo Gold for the
next phase of exploration at Vatu Aurum.
Qualified Person
The technical information in this news release was prepared, reviewed, and approved by Andrew Randell, P. Geo, principal
of SGDS Hive, a qualified person as defi ned by National Instrument 43-101 of the Canadian Securities Administrators. Mr.
Randell is independent of the Company and has verified the data disclosed having conducted two site visits, directly
supervised the exploration program, completed review of fiel d data collection protocols, including sampling procedures,
analytical methods, and quality assurance/quality control protocols, where applicable.”
ABOUT KALO GOLD CORP.
Kalo Gold Corp., a gold exploration company, focused on epit hermal gold deposits on the Company’s Vatu Aurum Project,
located on Vanua Levu (North Island). Kalo holds 100% of two Special Prospecting Licenses covering 367 km², encompassing
a regional back-arc basin with volcanic calderas. Historical and ongoing exploration has identified numerous priority
epithermal gold targets.
On behalf of the Board of Directors of Kalo Gold Corp.
Terry L. Tucker, P.Geo.
President and Chief Executive Officer
Kevin Ma, CPA, CA
Executive Vice President, Capital Markets and Director
For more information, please write to [email protected].
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
This news release contains "forward-looking statements" within the meaning of applicable securities laws. These statements
reflect management’s expectations, strategic objectives, and exploration priorities at the time of this release. Forward-
looking statements are not statements of historical fact and include, but are not limited to:
The Company’s planned multi-phase drill program, targeting structurally controlled gold zones at Qiriyaga.
Interpretations of geological features, mineralization continuity, and deposit potential, based on geophysical
surveys, surface sampling, and historical drill data, are subject to change as additional drilling and verification work
is conducted
Comparisons to other gold deposits, including Lihir, Kelia n, and Vatukoula, which are for geological context only
and should not be interpreted as implying potential mine ral resources or economic viability at the Vatu Aurum
Project.
Potential for district-scale gold mineralization, subject to further exploration, drilling, and independent verification.
The Company’s ability to secure financ ing, regulatory approvals, and exploration partnerships to advance the
project.
5
Exploration Risks & Uncertainties
Forward-looking statements are subject to geological, financial, and regulatory risks that may cause actual results to differ
materially from those anticipated. These risks include, but are not limited to:
Exploration risk: There is no guarantee that current exploration activities w ill result in an economically viable
mineral resource.
Drilling uncertainty: Trench and soil sa mpling results are not necessarily indicative of subsurface mineralization,
and drilling is required to confirm continuity, grade, and extent.
Permit and regulatory risks: Exploration activities are subject to government approvals, environmental regulations,
and permitting requirements.
Funding constraints: The Company’s ability to execute ex ploration programs depends on market conditions and
financing availability.
Commodity price volatility: Gold price fluctuations may impact the economic feasibility of any future discoveries.
This news release contains "forward-looking statements" within the meaning of applicable securities laws. These statements
are based on current expectations, estimates, forecasts, and projections about Kalo Gold Corp.’s business, as well as beliefs
and assumptions made by the Company’s management.
The reader is cautioned that forward-looking statements are based on assumptions that may prove to be incorrect. Events
or circumstances may cause actual results to differ materially due to numerous known and unknown risks and factors that
are beyond the control of the Company.
Kalo Gold Corp. does not undertake any obligation to update or revise any forward-looking statements, except as required
by applicable securities laws. Readers should not place undue reliance on forward-looking information contained in this
release.
For a more detailed discussion of risks and uncertainties, please refer to Kalo Gold Corp.’s public filings on SEDAR+ at
www.sedarplus.ca.
References:
1. Kalo Gold Corp. (2024). November 7, 2024, News Release
2. Kalo Gold Corp. (2025). January 20, 2025, News Release
3. Kalo Gold Corp. (2025). February 12, 2025, News Release
4. Tan, R., & Celis, R. (2017). Cirianiu Gold Project Resource Evaluation. Prepared for Kalo Exploration Ltd. Drilling in
the Qiriyaga Hill Diatreme, over a limited area of 140 m by 210 m resulted in defining a resource estimate (historical)
of 114,598 ounces gold of mostly oxide mineralization (the “ Qiriyaga Hill Gold Deposit”) starting at surface down
to a depth of 45 m. In addition, a resource of 43,863 ounces of gold was reported at the “ Vuniubu Ridge Gold
Deposit” with a total of 158,831 ounces gold. A Qualified Person has not done sufficient work to classify this as a
current resource. Further drilling, sampling, and independent verification will be required before any classification
as a mineral resource under NI 43-101 standards. The hist orical estimate was prepared by Roberto Tan (AusIMM)
and Roman Celis Jr. in February, 2017, for Kalo Exploration Ltd. (now a wholly-owned subsidiary of Kalo Gold) in its
report “Cirianiu Gold Project Resource Evaluation” using categories and definitions consistent with CIM definition
standards for mineral resources and mineral reserves (Nov. 27, 2010) at the time of completion of the estimate, as
outlined in NI 43-10, however a qualified person has not done sufficient work to classify the historical estimates as
current mineral resources and therefore the company is no t treating the historical estimates as current mineral
resources. Investors are cautioned that the historical estimates do not mean or imply that economic deposits exist
on the Property. The company has not undertaken any independent investigation of the historical estimate or other
information contained in this presentation nor has it independently analyzed the results of the previous exploration
work in order to verify the accuracy of the information. The company believes that the historical estimate and other
technical information contained in this news release are relevant to continuing exploration on the Property – 10
March 2021 Kalo Gold Corp news release.
6
5. Table 1 – Diamond drill hole KCD17, Qiriyaga Hill Gold Deposit – assay results
Hole From (m) To (m) Interval (m)* Gold grams per tonne (g/t)
KCD17 61.25 70.00 8.75 36.02
including 61.25 66.00 4.75 64.12
and 76.00 86.00 10.00 27.18
including 80.00 83.00 3.00 69.03
Including 81.00 82.00 1.00 120.00
* Intervals are reported as apparent widths unless otherwise stated. True widths are unknown and will require additional
drilling to confirm structural orientations.
Table 2 – Diamond drill hole KCD17, Qiriyaga Hill Gold Deposit - coordinates
Hole Datum Easting Northing Elevation (meters) Dip Azimuth Length (m)
KCD17 WGS84 60S 779041 8194104 67 -50 142 106.45
All rock and drill core samples collected by the Company since 2023 have been sent to Australian Laboratory Services Pty. Ltd. in Brisbane,
Australia for sample preparation and analysis. Upon receipt at the lab, all samples were dried in an oven at a temperature of 8 0°C (DRY-
24), coarse crushed (CRU-21) and then pulverised to 85% passing 75 microns (PUL-23). The preparation has a very low likelihood of
producing inadequate or non-representative samples. Gold grades are obtained by method code Au-AA24 which is a 50-gram fire ass ay
with an AA finish and detection range of 0.005 to 10ppm gold. Samples which return greater than 10.0 parts per million gold are
resubmitted with method code Au-AA26 which is a 50-gram fire assay with an AA finish and detection range of 0.01 to 100 ppm gold. The
fire assay analysis is considered a total analysis for gold. Additional analyses for 48 other elements were carried out using a 4-acid digestion
and ICP-MS finish under the method code ME-MS61m including trace Hg by ICP-MS (Hg-MS42). Quality control procedures are followe d
for all samples submitted to the laboratory for assay, including strict chain of custody protocols. Quality control comprises o f OREAS
standards, blank materials and field or preparation duplicate material for testing. Insertion rate is at a minimum of one quali ty control
sample per shipment but in sections of mineralized drill core a standard is inserted at the beginning of the section to establish calibration,
a duplicate in the middle of the sequence to test repeatability (for field duplicates) or homogeneity (for preparation duplicates). Mineralized
sections are then completed with the insertion of blank material to ensure equipment has been cleaned rigorously and no “smeari ng” or
contamination of grade occurs. Quality control is monitored on each assay certificate as it arrives from the laboratory and then all data is
compiled annually. Any discrepancies are immediately addressed accordingly. No quality assurance / quality control (QA/QC) repo rting is
available for KCD17. From 2011 to 2022 QA/QC protocols were conducted by ALS including internal blanks, standards and duplicates.
6. Lihir Gold Limited. (2023). Geological Overview and Resource Estimates and Newmont Corporation news release
dated 22 February 2024.
7. A.G.S. Davies, D.R. Cooke, J.B. Gemmell, T.M. van Leeuwen, P. Cesare, and G. Hartshorn, The Kelian Gold Deposit,
East Kalimantan, Indonesia: Its Exploration History, Evolving Geological Model, and Invisible Coarse Gold, Economic
Geology, 2008 and Diatreme Breccias at the Kelian Gold Mine, Kalimantan, Indonesia: Precursors to Epithermal
Gold Mineralization, A.G.S. Davies, D.R. Cooke, J.B. Gemmell, Economic Geology, June 2008.
8. Vatukoula Gold Mines PLC. Production and Exploration Results.