Kalahari works on its own Lamaque

Kalahari Resources’ (KLA-V) says its latest drill program shows its Lamaque property to have similar mineralization to its neighbour Century Mining’s (CMM-V) better known project of the same name.

Both projects sit in the Val-d’Or gold camp of Quebec, but while Century’s Lamaque produced over 4 million historical ounces of gold, Kalahari’s ground has yet to yield such wealth.

The Vancouver-based company’s first phase of drill results did hit gold in all three holes and was highlighted by assays of 24.5 grams gold over 0.65 metres and 7.97 grams gold over 2.6 metres.

Both of those intercepts came from an area the company calls the Forestel zone — a zone that is not included in the current resource estimate which has 1.4 million tonnes grading 0.275 grams gold in the inferred category.

But Kalahari says drilling also hit what appears to be a new zone between Forestel and the No. 10 Vein. The No. 10 Vein is part of the company’s resource at the project.

Kalahari says the area has never been drilled before but now has plans to drill test it for possible continuity with the Forestel.

The Lamaque property covers 16.6 sq. km and lies just south and adjacent to Century Mining’s Sigma and Lamaque mines. Together the two mines produced roughly 9 million oz. of gold. Century is currently pushing to get Lamaque back into production.

As for Kalahari’s Lamaque, the company is hoping that the Forestel zone carries it to greater resources and it has sunk 24 holes into the area or roughly 7,000 metres of diamond drilling, to help get it there.

The zone lies to the east of past production on the property and mineralization has been defined over 300 metres.

Kalahari says the mineralized zones at Lamaque are second and third order structures related to deformation along the Larder Lake- Cadillac Fault Zone — a large first-order structure. It points out that the bulk of the gold mineralization in the Timmins, Kirkland Lake and Val-d’Or camps are thought to be splay faults, or second-order structures that splay off the firs order fault zones, like Lamaque does.

In November of last year Kalahari closed a deal with its two joint venture partners at the project to take 100% ownership of the property.

Kalahari issued one of its shares for every three shares of the now delisted Golden Pond Resources and Tundra Gold Mines. In all, Kalahari had to issue roughly 12.5 million of its shares to complete the deal.

Kalahari originally acquired its position in Lamaque back in 2003 from Teck (TCK.A-T, TCK.B-T, TCK-N) and has spent a total of $4.5 million on exploration since then.