KALO GOLD CORP
Fiji
Vatu Aurum Project: Geological Background
Kalo Gold Corp. (KALO · TSX-V) · Fiji
The Vatu Aurum Project is the flagship exploration asset of Kalo Gold Corp. and is one of the larger district-scale grassroots gold exploration plays currently being advanced in the South Pacific…
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Analysis by Bill Pearson, PhD, P.Geo
Updated Jul 30, 2026
The Vatu Aurum Project is the flagship exploration asset of Kalo Gold Corp. and is one of the larger district-scale grassroots gold exploration plays currently being advanced in the South Pacific. The project is focused on discovering epithermal gold systems.
The project is located on Vanua Levu, Fiji’s northern island, and covers approximately 367 km² under two contiguous Special Prospecting Licences. The property lies within the tectonically active Pacific “Ring of Fire,” an environment known globally for major gold and copper districts.
Vatu Aurum is interpreted as a district-scale epithermal gold field developed within a volcanic and structural corridor known as the Nubu Graben. The current exploration model views the area as a preserved volcanic complex capable of hosting multiple mineralizing centres rather than one isolated mineralized body.
Kalo’s exploration model focuses on low- to intermediate-sulphidation epithermal gold systems; vein-hosted gold mineralization; diatreme and volcanic surge-related gold environments and structural controls associated with extensional faulting and hydrothermal fluid flow.
Major target areas include Aurum Prime / Qiriyaga Complex (Figure1), which is currently the most advanced target area, where drilling and geological interpretation have identified multiple styles of gold mineralization and evidence for vertical continuity of the hydrothermal system. Reported reconnaissance drilling results include 12.80g/t Au over 22.12m (true width 20.70m) in hole VA25-DH-11 and 16.9 m grading 3.25 g/t Au in hole VA26-DH17.
Wainikoro, located approximately 5 km west of Aurum Prime (Figure 1), is considered a second preserved epithermal centre. Recent work outlined kilometre-scale geochemical anomalies and surface gold values that support the idea of multiple mineralized centres within the district.
A third caldera target area, Cogeloa, about 5km further west, has had limited work to date but more is planned to advance this area in parallel to Wainikoro.
Figure 1
Source: Kalo Gold
Principal target areas in Vatu Aurum.
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Actual holdings will vary for each client or fund and there is no guarantee that a particular account will hold any or all of the securities discussed. All investing involves risk including risk of loss. Crescat target resource estimates (TSE) are based on internal modeling and geologic estimates, and include various assumptions based on analysis of geology, geophysics, geochemistry, historic drill assays, and metallurgical recovery data received to date. TSE are discounted based on drilling progress to date, an assessment of the management and technical team's strengths and weaknesses affecting their ability to advance the project, and environmental, local community, and government permitting risk factors. Estimates are displayed on a gold equivalent basis based on current price-to-gold ratios for silver, copper, and other metals if the primary metal is other than gold. Further drilling, assaying, resource modeling, and engineering studies will be required to determine whether Crescat's TSE can be reasonably expected to be achieved. Crescat's target resource estimates are updated monthly across the entire portfolio. Sources: Crescat Capital LLC, Bloomberg, Issuer. Expected profitability percentile is based on Crescat's geologic estimates of projected grades, recoveries, capex, and operational costs on the primary project compared to the universe of operating mines. This value does not project overall anticipated company profitability.