believe it will be for the drilling program they annouced a little while back:
Interview covers the history of the area etc.
Rock Yarns: Drilling results at Kaiser Reef’s A1 Mine presents new mining potential - *
Four primary targets have been identified:
1: The Nuggetty Gold Mine
o Produced 301,000 ounces of gold at a grade187 g/t gold
o High-grade mineralisation open down plunge
o Exploration Licence was granted earlier this year, and facilitates Nuggetty
exploration activities
2: The Union Hill Gold Mine
o The Union Hill Gold Mine
o 100% owned Maldon goldfield produced 2.1 million ounces of gold at an average
grade of 28 g/t gold* (including The Nuggetty Gold Mine)
o Permitted to Mine and Process - Operating gold plant currently treating ore from
the high-grade A1 Gold Mine
o Established serviced decline provides underground access for drilling high-grade
mineralisation and facilitating underground drilling and potential development
o Existing Resource Base
3: The German Reef
o The German Reef is the deepest reef mined at Maldon.
o The lowest drive, with a strike of 150 metres showed a rich ore body averaging
2.4m wide and grading 16 g/t gold
o The historic miners encountered a water bearing reef in 1917 that flooded the
mine and largely resulted in the closure of the operations despite being in strong
ore
o Kaiser now keeps the operation dewatered using modern Mono Pumps and grid
power with water used in the mill and the balance delivered to local farming
groups
o The German Reef target has never been drill tested
4: Regional Exploration
o Parallel Goldfields under shallow cover (estimated at 2m to 12m) cover to the East
of Maldon
o Results include historic holes to the East of the identified gold workings that
returned results such as DDH-57W: 2.73m @ 42.2 g/t gold and DDH-005: 2m @ 23.9
g/t gold
o There may be more Maldon Goldfields to the East of the mined outcropping lodes
as suggested by the historic sparse drill results and identified gravity ridges
identifies in geophysical surveys
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