Announcement Date: 2022-05-02
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Kaiser Reef Ltd.
Project name: Maldon
Location: Australia
Commodities: Gold
Highlight: Drilling results incl. 4.6m @ 135g/t Au from 36m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Kaiser is pleased to report the first drill hole from the current A1 Mine diamond drilling programme and the final assays from the completed first campaign of diamond drilling at the Maldon Goldfield. This hole was targeting near term mining targets to the South of Queens where very little previous drilling has been conducted and is an encouraging outcome, see figure 1. The drilling programme is ongoing. Maldon Drilling Results The final drilling results from the first exploration campaign at Maldon returned a high-grade interval of 0.6m @ 52.8 g/t gold. Overall, the results were encouraging and very useful in defining the mineralised trends within Maldon, see figure 2. The information will be used in the planning for the next round of drilling and included in the ongoing resource estimation. Kaiser’s final exploration results for the high-grade Maldon historic gold mine located between Bendigo and Ballarat are reported here. The Maldon Goldfield is 100% owned by Kaiser and is comprised of several historic high grade underground mines. Drilling is being conducted from the modern established decline below the goldfield. Resource modelling for Maldon has commenced and the hope is for Kaiser to eventually justify the development of a second mining centre at Maldon to supplement the A1 Mine at Woods Point.
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