Australia's Kalamazoo Resources gains most in more than two weeks on gold find

Kalamazoo Resources

11/03/2022 02:15

** Shares of Kalamazoo Resources Ltd  KZR.AX  jump as much
as 7.1% to A$0.300, marking their biggest intraday pct gain
since Feb. 23 
    ** Gold explorer says https://app.sharelinktechnologies.com/announcement/asx/0ea53c5b896a1503d5b1ffa5bceade24
 it has recovered the metal from the initial metallurgical test
work carried out on several zones within its Mt Olympus gold
deposit in Pilbara region, Western Australia
    ** Says gold recovery rate was up to 94%
    ** Adds gold in concentrate grade averaged 31.8 g/t Au with
maximum value of 39.2 g/t Au
    ** Stock hits highest since March 2
    ** Stock down 29.1% this year, as of last close

 (Reporting by Archishma Iyer)
 ((Archishma.Iyer@thomsonreuters.com;))