KAU 5.71% 16.5¢ kaiser reef limited

Ann: Trading Halt, page-11

  1. 4,603 Posts.
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    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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