---
title: "Kalamazoo Eyes Resource Growth after Strong Gold Intercepts Below Mt Olympus Pit"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280066821.md"
description: "Kalamazoo Resources has reported promising drilling results at its Ashburton Gold Project, confirming strong gold mineralization below the Mt Olympus pit. Notable intercepts include 8.8 m @ 11 g/t Au and 43.8 m @ 3.4 g/t Au. The results validate the geological model and indicate significant mineralization extending ~300 m below the pit. The company plans to initiate a resource definition drilling program aiming for over 1 Moz Au production. With the appointment of Andrew McDougall as CEO and secured funding of $12.1m, Kalamazoo is positioned for further resource growth and project advancement."
datetime: "2026-03-22T22:46:53.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280066821.md)
  - [en](https://longbridge.com/en/news/280066821.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280066821.md)
generator: "portal-rs"
---

# Kalamazoo Eyes Resource Growth after Strong Gold Intercepts Below Mt Olympus Pit

Kalamazoo Resources has announced significant progress at its **Ashburton Gold Project**, with new drilling results validating its geological model and confirming strong gold mineralisation down-plunge of the **Mt Olympus** pit.

Initial assay results from the Phase 1 Growth diamond drilling program at \*\*Ashburton \*\*have delivered highly encouraging intercepts.

Drill hole **KADD0003** returned **8.8 m @ 11 g/t Au** from **20.5 m**, including a high-grade section of **2.9 m @ 21 g/t Au**, while hole **KADD0004**, intersected **43.8 m @ 3.4 g/t Au** from **93 m**, containing **21 m @ 4.6 g/t Au**.

These results confirm a significant mineralisation extent of approximately **\~300 m** below the current **Mt Olympus** pit shell.

At **Olympus West**, drill hole **KADD0006** reported **0.8 m @ 23 g/t Au** from **187.7 m** and **30.9 m @ 1.5 g/t Au** from **214.5 m**, including **9.2 m @ 2.4 g/t Au**.

These hits indicate strong gold mineralisation along key structural controls such as the **Zoe Fault**.

**Geological Model Validation**

The assay results, received for five of the eight completed diamond drill holes, largely validate Kalamazoo's geological model for mineralisation controls at **Ashburton Gold Project**.

The company has reiterated that the gold mineralisation is best developed where **conglomerate host units** intersect the **Zoe Fault** and associated steep feeder structures.

The drilling program also maintained excellent technical standards, reporting a core recovery of **99.77%**, ensuring high data integrity for the reported results.

Following these positive initial results, Kalamazoo Resources plans to commence a resource definition drilling program.

The primary objective of this program is to support the development of a production profile exceeding **1 Moz Au**.

Additional growth drilling is also planned to follow the resource definition phase, signalling the company's commitment to further expanding the project's resource base.

**Leadership Reinforces Project Development**

The company recently strengthened its leadership with the appointment of **Andrew McDougall** as Chief Executive Officer, effective **4 May 2026**.

Mr McDougall brings over **25 years** of global mining operational and technical leadership, which is expected to bolster technical governance and execution discipline.

His experience will be crucial as the **Ashburton Gold Project** progresses from Pre-Feasibility Study towards Bankable Feasibility.

Earlier capital raises, including an oversubscribed Share Purchase Plan and a placement, secured a total of **$12.1m** (before costs) to fund ongoing drilling and Pre-Feasibility Study work.

**Outlook on Resource Growth**

Kalamazoo Resources' latest drilling results are highly encouraging, validating the company's geological understanding and demonstrating significant potential for resource expansion at the **Ashburton Gold Project**.

With resource definition drilling commencing imminently and a new CEO poised to bolster project development capabilities, the company is well-positioned to advance towards its goal of a multi-million ounce production profile.

### Related Stocks

- [KLR.AU](https://longbridge.com/en/quote/KLR.AU.md)
- [KZR.AU](https://longbridge.com/en/quote/KZR.AU.md)

## Related News & Research

- [Kaili Resources Highlights South Australia Rare Earth Focus in March Quarter](https://longbridge.com/en/news/284693376.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**