お知らせ • Apr 18
Kalo Gold Corp. Renews SPL 1511, Reclassifies Coqeloa as High-Priority Vertically Preserved Epithermal Gold Target At Vatu Aurum Project, FIJI
KALO GOLD CORP. announced that the Director of Mines, Ministry of Mineral Resources, Republic of Fiji, has formally granted the renewal of Special Prospecting Licence (SPL) 1511 for a three-year term effective March 26, 2025. The Company acknowledges the continued support and collaboration of the Fijian Government and the Mineral Resources Department. SPL 1511 covers Coqeloa, a historically underexplored gold target, located 15 km southwest of Aurum Prime, on the Company's 100%-owned Vatu Aurum Project, on Vanua Levu, Fiji. A recent reinterpretation of legacy datasets has elevated Coqeloa to a high priority, vertically preserved low sulphidation epithermal gold target. This advancement was driven by structural, geological and geochemical insights from Aurum Prime and comparative analysis of Pacific Rim gold systems -- including Martha (Waihi) -- allowing Kalo to apply an emerging exploration model without incurring additional on-the-ground field expenditures. Coqeloa exhibits multiple key CODES fertility indicators (Centre for Ore Deposit and Earth Sciences at the University of Tasmania), including preserved high-level epithermal textures, enriched pathfinder geochemistry, and alteration zonation consistent with minimal erosion. These features suggest the system remains vertically intact, with the upper epithermal cap preserved and deeper mineralized structures potentially still in place. Coqeloa, originally explored as a base metal VMS system, is now recognized as a vertically intact low sulphidation epithermal system within Miocene-Pliocene volcanic rocks. Key geological evidence includes: Feeder Structures: Silicified ridges (300500 m × 1 m) with epithermal textures (crustiform banding, chalcedony, and comb quartz, accompanied by boxwork after pyrite and preserved pyrite cubes) along NE/ESE faults hosted within broader phyllic and argillic alteration corridors extending over 2.0 kilometres in strike length and several hundred metres in width. This is consistent with formation at shallow crustal levels above the boiling zone. Alteration Zoning: Over 2.0 kilometres of mapped phyllic to advanced argillic alteration -- including zones of intense silicification, quartzmuscovitepyrite veining, kaolinitegoethite overprinting, and the presence of low-temperature zeolite mordenite, a key indicator of paleoboiling conditions (~100150°C)-- defines a structurally controlled corridor interpreted to host multiple high-level feeder zones above the epithermal boiling horizon. Historic High-Grades: Multiple surface rock samples confirm Coqeloa's gold potential, including: 33.2 g/t Au (Solpac, 1987), 9.05 g/t Au (KEPL 2018), 9.0 and 5.2 g/t Au (Jennings Mining, 1990s), 2.275 g/t Au (Aquitaine, 1995), and 2.16 g/t Au and 2.01 g/t Au (KEPL, 2018). These high-grade values, spatially associated with structurally controlled silicified ridges and alteration zones, support the interpretation of a vertically preserved low sulphidation system with potential for deeper mineralised feeders. Pathfinder Element Enrichment: The presence and zoning of these elements provide reliable vectoring tools in targeting deeper mineralised structures, with surface geochemistry yielding values up to: Arsenic (As): up to 1,080 ppm, Antimony (Sb): up to 207 ppm, Tellurium (Te): up to 10.5 ppm, Molybdenum (Mo): up to 14 ppm, Copper (Cu): up to 1,030 ppm, Lead (Pb): up to 1,500 ppm, Zinc (Zn): up to 3,110 ppm Silver (Ag): up to 11.5 ppm. CODES Fertility Framework: According to models developed by the Centre for Ore Deposit and Earth Sciences (CODES), fertile low sulphidation epithermal systems are defined by five key features: (1) preserved upper-level vein textures such as crustiform banding, chalcedony, and boxwork; (2) zoned hydrothermal alteration from phyllic to advanced argillic assemblages; (3) enrichment in pathfinder elements including arsenic, antimony, tellurium and silver; (4) structurally focused fluid pathways such as faults and ring fractures; and (5) minimal erosion, allowing the upper epithermal cap and vertical system integrity to remain preserved. Coqeloa meets all five criteria, supporting its classification as a vertically preserved, high-potential epithermal gold system and a top-ranked exploration target within the Vatu Aurum Project. Coqeloa's >2.0 km alteration corridor, high-grade surface samples (up to 33.0 g/t Au), and pathfinder zoning suggest: Strike Extension: The system remains open along strike and at depth, with structural and geochemical similarities to Pacific Rim analogues such as Martha (Waihi), where narrow surface veins were found to expand at depth. Boiling Zone Target: Silicified ridges and mordenite suggest preservation of the upper epithermal boiling horizon (~100150 m depth). Planned drilling would test below this zone for potential vein-hosted mineralization between 200400 meters. Multi-Phase Mineralization: Structurally controlled feeders (e.g., NE/ESE faults) may host stacked veins.