Kaiser Reef Ltd (ASX:KAU) has received underground drill results of up to 2,006 g/t gold from the A1 mine in Eastern Victoria that extend high-grade mineralisation in northerly extensions to Jupiter Reef and beyond the historic mining at Dukes Reef.
The underground drill holes at A1 continued to target near-term mining and new deeper medium-term discoveries.
Standout assays include:
- 0.25 metres at 2,006 g/t gold from 66.65 metres and 0.45 metres at 17.11 g/t from 147.35 metres;
- 0.20 metres at 385 g/t from 50.7 metres;
- 0.90 metres at 36.62 g/t from 78.40 metres;
- 1.10 metres at 16.70 g/t from 22.10 metres, 0.80 metres at 12.15 g/t from 43.00 metres and 0.60 metres at 26.54 g/t from 68.80 metres; and
- 0.85 metres at 134 g/t gold from 1 metre.
Looking ahead, Kaiser is pleased that the drilling delivered significant results which have given the mining team future mining options and have justified the investment in the operation.
Drill highlights
At 1254mRL drill cuddy, the drilling program resumed after a hiatus of three months drilling and back-reaming service holes for future high voltage power installation.
Nine holes were completed from the 1254 cuddy, including one targeting across the western shale boundary testing the sedimentary sequence for potential dyke repetitions.
Meanwhile, a total of two holes were drilled from the 1410 south.
A1UDH-524 possibly broke into the historic Mutton fat #2 Reef, which is not documented to be extensively stoped.
A1UDH-525 may have drilled into a backfilled rise/winze which descends from 14 level to 16 level and caving issues with backfill precluded continuation of the drilling through to the other side.
Dukes Reef was mined historically on the 22 Level and the intercepts show there is potential to go further north than the old workings. This creates a small but potentially rich ore block.