Kaiser Reef Ltd (ASX:KAU, ASX:) has continued to deliver high-grade gold intersections, including a best intersection of 1.92 metres at 43.2g/t gold, from its ongoing diamond drilling program at its A1 Mine in eastern Victoria.
The company’s drill holes are targeting near-term and deeper lode positions, including extensions to the recently discovered Sovereign Lode, which is currently being mined.
The Sovereign Lode is currently providing high-grade gold ore from several mining fronts and its discovery is the result of Kaiser’s aggressive drilling and development into the deeper regions of the mine.
Drilling results
The first drill hole from the A1 mine drilling program returned an “exceptionally” high-grade interval of 4.6 metres at 135.7 g/t gold from 36 metres early last month.
This hole was targeting near-term mining targets to the south of the Queens lode where very little previous drilling has been conducted.
Further results from near this position have returned unexpectedly numerous zones of deeper mineralisation.
Long section looking west showing drilling traces (green), workings and the interpreted main dyke shape (purple).
About the company
Kaiser Reef is an Australian gold mining company operating the high-grade A1 mine in Victoria and exploring historic goldfields within the Lachlan Fold Belt in NSW and Victoria.
The company was listed on the ASX in February 2020 and commenced exploration in NSW shortly after.
Through the acquisition of the high-grade A1 underground gold mine as well as the historic Maldon goldfield in Victoria in January 2021, coupled with the associated gold processing plant, Kaiser has transitioned from explorer to producer in less than a year.