Kaiser Reef Limited (ASX: KAU) Reports High-Grade Gold Exploration Results
Exploration Results
Kaiser Reef Limited (ASX: KAU) has announced exceptional results from its diamond drilling program at the A1 Gold Mine’s Nova Zone. The first two drill holes have returned high-grade gold results, significantly extending the mineralisation’s strike and orientation identified in previous explorations.
The high-grade results include drillhole AUDH567 reporting 0.20m at 65.1 g/t gold and 0.40m at 40.9 g/t gold, while AUDH568 returned 0.80m at 32.7 g/t gold. These findings affirm previous results and suggest the potential for additional high-grade reef systems, which will be incorporated into future mine planning.
Future Mining Potential
Kaiser Reef’s geologists have indicated the occurrence of wider quartz reef systems in subsequent drill holes, with further assay results expected imminently. This development is crucial in assessing mine planning opportunities beyond the 30 years of past remnant ore mining at the A1 Gold Mine.
According to Jonathan Downes, the competent person and geologist at Kaiser Reef Limited, “These remarkable drill results echo the mining potential of the Nova Zone, showcasing the opportunity to recover considerably more gold per level than witnessed in recent decades.” The A1 Gold Mine has a rich history, yielding an average of 800 ounces of gold per vertical metre, with historic reports suggesting some levels exceeded 1,000 ounces per vertical metre.
Continued Commitment to Exploration
The company remains committed to advancing exploration activities at the A1 Gold Mine. Ongoing drilling efforts are aimed at defining resources effectively and ensuring all mineralised intercepts are adequately assessed. As the current drilling program progresses, Kaiser Reef anticipates additional encouraging results that could enhance its operational strategy and long-term profitability.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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