From Kalamazoo announcement yesterday 29-04. Showing a lot of...

From Kalamazoo announcement yesterday 29-04. Showing a lot of interest in Malmsbury.

New Tenement Application: Queens
Kalamazoo has lodged a new EL007112 Exploration Licence Application EL tenure at the Castlemaine Gold Project (Figure 1). This 00 7 tenement 112 (22km 2 ) to further increase its referred to as “Queens” adjacent to the west and south of GBM Resources Limited’s (ASX: GBZ) Bell Topper Hill G is located old RL6587 (8 km 2 ) and closely associated with the highly prospective Taradale Fault. P roject This application is currently progressing through the tenement grant process.
On 31 March 2020, Novo Resources Corp. “Novo” (TSX-V: NVO; OTCQX: NSRPF) entered into a joint venture and earn-in option with GBM acquiring up to a 60% interest in the Bell Topper Hill Gold Project for approximately $8.5m of shares and exploration expenditure over four years. This development is further validation of the prospectivity of the Queens tenement and the entire Castlemaine region, following on from Novo and investor Eric Sprott’s $8m investment in Kalamazoo in January 2020 (ASX: KZR 15 January 2020).
Cheers
Pickle