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Kaiser Reef Limited (ASX:KAU) (“Kaiser” or the “Company”) is pleased to report encouraging drilling results from the A1 Mine that have extended high-grade mineralisation, in particular northerly extensions to Jupiter Reef and beyond the historic mining of Dukes Reef on the 22 Level.
The drillholes from A1 continued to target both near term mining and new deeper medium-term discoveries. 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.
Highlights*:
1254mRL Drill Cuddy
- 0.25 m @ 2,006 g/t gold from 66.65m and 0.45 m @ 17.11 g/t gold from 147.35m (A1UDH-522) – see Figure 1
- 0.20 m @ 385 g/t gold from 50.70m (A1UDH-523)
- 0.90 m @ 36.62 g/t gold from 78.40m (A1UDH-515)
- 1.10 m @ 16.70 g/t gold from 22.10m, 0.80 m @ 12.15 g/t gold from 43.00m and 0.60 m @ 26.54 g/t gold from 68.80m (A1UDH-519)
- 0.25 m @ 7.99 g/t gold from 46.55m (A1UDH-517)
- 1.00m @ 8.35 g/t gold from 42.20m (A1UDH-516)
- 15.20 m @ 3.01 g/t gold from 51.40m (A1UDH-520)
1410 South Drive
- 0.85 m @ 134.00 g/t gold from 1.00 m (A1UDH-524)
- 0.20 m @ 9.74 g/t gold from 24.20 m (A1UDH-525)
*Refer to the Table of Drilling Results with all anomalous drilling results reported.
Figure 1: Visible gold in A1UDH-522
Exploration Discussion
1254mRL drill cuddy
This drilling program resumed after a hiatus of three months drilling and back-reaming service holes for future High Voltage power installation. Nine drillholes were completed from the 1254, including one targeting across the western shale boundary testing the sedimentary sequence for potential dyke repetitions.
Drillhole A1UDH-515 was drilled approximately parallel to the strike of the main A1 Dyke, following up on previously reported intersections of the northern extension of Jupiter Reef. It successfully achieved the goal and intersected extensively brecciated and patchy stylolitic quartz veins in moderately sericite altered sediments (Figure 2).
Figure 2: A S-N section viewing west parallel to the main A1 Dyke within sediments showing drillhole A1UDH-515
Drillholes A1UDH-516 and -517 (Figure 3) were drilled obliquely to the strike of the main A1 Dyke, also following up on previously reported intersections beneath Jupiter Reef. Both holes on this drilling azimuth showed pronounced gold background of 1-3 g/t gold with moderate-strongly carbonate-albite altered through the core of the dyke, with narrow spikes to 8 g/t Au.
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