Kaiser Reef Limited (ASX:KAU) Reports High-Grade Drilling Results at Nova Zone
Operational Achievements
Kaiser Reef Limited (ASX:KAU) has announced that the first five drill holes at the Nova Zone within the A1 Gold Mine have returned high-grade gold results. These findings extend the strike and orientation of existing mineralisation, confirming the potential discovery of new high-grade reef systems. Notable intercepts include 0.20m at 65.1 g/t gold and 0.40m at 40.9 g/t gold in drillholes A1UDH567 and A1UDH568, respectively.
Future Outlook
The discovery of new high-grade reef systems will be targeted in future mine planning. Drilling operations at the Nova Zone are ongoing, with additional drillholes A1UDH569 to A1UDH571 showing promising intercepts. These results will be incorporated into the mine’s development strategy, aiming to recover more gold per level or vertical metre at potentially higher grades than previous operations.
Motley Fool contributor Kiarra Jackson 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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