Kaiser Reef Announces High-Grade Gold at Union Hill
Kaiser Reef (ASX: KAU)
Announced drilling results for its recently completed diamond drilling program, within the Union Hill Open Pit, at the Maldon Gold Project.
Kaiser owns, operates and is actively exploring the Maldon Gold Project.
.
.
| Kaiser Reef | ASX : KAU | |
| Stage | Production, Development, Exploration | |
| Metals | Gold | |
| Market cap | A$169 million @ A$0.29 | |
| Location | Victoria, Tasmania | |
| Website | www.kaiserreef.com.au/ |
,
Kaiser Reef – HIGH-GRADE GOLD RESULTS FROM UNION HILL DRILLING
MALDON GOLD PROJECT – EXPLORATION UPDATE
Kaiser Reef Limited (ASX: KAU) (“Kaiser” or “the Company”) is pleased to announce
drilling results for its recently completed diamond drilling program, within the Union Hill
Open Pit, at the Maldon Gold Project.
Kaiser owns, operates and is actively exploring the Maldon Gold Project, which includes multiple historical underground mines and an operating 200ktpa processing plant at Porcupine Flat. Kaiser’s Union Hill Gold Mine is fully permitted, currently on care and maintenance and has a resource of 186koz @ 4.4g/t Au.
HIGHLIGHTS
22-HOLE, 960 METRE IN-PIT PROGRAM:
18 holes intersected gold mineralisation, out of 19 effective holes
Targeting unmined extensions of the Eaglehawk Reef beneath the pit floor
Grade continuity confirmed along a 160m strike length
Two holes hit unexpected historical workings; one hole was abandoned early
SIGNIFICANT INTERCEPTS INCLUDE:
5.8m @ 5.37g/t Au from 39.0m (UH-SDH-001)
o Including 2.5m @10.25g/t Au from 39m
6.9m @ 6.05g/t Au from 30.4m (UH-SDH-004)
o Including 1.98m @ 16.44g/t Au from 32.2m
o And 1.3m @ 4.1g/t Au from 35.3m
8.6m @ 4.99g/t Au from 18.4m (UH-SDH-011) [Including 0.3m void @ 0.0g/t Au]
o Including 2m @ 15.69g/t Au from 24.3m
.
Kaiser’s Managing Director, Brad Valiukas, commented:
“This recently completed drilling at Union Hill tested a shallow gap zone between known
workings, and these are great results in an area that was historically left behind.
“Without taking away from the bigger picture approach to the entire Maldon Gold Project, the next step at Union Hill will be to re-establish the underground as an exploration platform.
.
“We expect to commence active work on re-accessing and rehabilitating the decline in January, to allow follow-up drilling. Additionally, we plan to establish a drill position giving access to the north.
“Maldon represents a district-scale gold opportunity for Kaiser, with numerous historical
mines and lines of working that remain substantially underexplored..
“Kaiser has not previously had the funds to progress the Maldon Gold Project as actively as warranted, but with Henty now bedded in and Kaiser’s transformation into a profitable gold miner complete, we are now in a great position to drive Maldon forward as a key growth asset.”
.
To read the full news release please click HERE
——-
To View Kaiser Reef’s current share price and chart, please click HERE
To View Kaiser Reef’s historical news, please click here
.
.
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
.
Disclosure
At the time of writing the author holds shares in Kaiser Reef.
.