Kalamazoo Resources Limited announced further metallurgical test work results from two (Composites 3 and 4) of the initial four composites chosen for test work from Mt Olympus deposit from RC drill holes KARC035 and KARC036. Mt Olympus has an Indicated and Inferred mineral resource of 15.12Mt at 2.2 g/t gold for 1.08 million ounces and comprises the largest component of Kalamazoo's 1.65Moz mineral resource at the Ashburton Gold Project. The aim of the Stage 2 test work was to assess the likely gravity recoverable gold as a percentage of the
total gold recovered. The test work was also undertaken to assess the effect of finer grind size on cleaner
concentrate grade in an open circuit test. Composites 3 and 4 were chosen as they were the lowest gold grade composites from the previous test
work and therefore deemed most representative of the four original composites to the overall grade of the
Mt Olympus deposit. Composites 3 and 4 were the low gold /high sulphur and low gold /low sulphur
composites respectively. The regrind test was to assess the impact on concentrate grade. After a re-grind of the rougher concentrate
to 45 microns (µm), the combined mass pull from Composites 3 and 4 was reduced from an average of
13.6% to 11.5% with an increase in average grade from 29.3 g/t to 31.3 g/t gold. The results also indicate an
improved silica (SiO2) rejection although this was accompanied by a loss of sulphur recovery. Composite 3
results indicated a loss in gold grade (from 19.4 g/t to 17.2g/t Au) due to lower sulphur and gold recovery.