June 23 (Reuters) - Kalamazoo Resources Ltd KZR.AX :
* PURCHASED ASHBURTON GOLD PROJECT FROM NORTHERN STAR RESOURCES
* UNDER DEAL, CO TO PAY NST $5.0 MILLION ON MINING OF FIRST 250,000 TONNES OF ORE
* WILL PAY NST 2% NET SMELTER ROYALTY ON FIRST 250,000OZ OF GOLD PRODUCED, & 0.75% NSR ON SUBSEQUENT GOLD PRODUCED
* SAME NSR'S WILL APPLY ON ANY OTHER METALS PRODUCED FROM TENEMENTS