Kaiser Reef

High Grade Drill Results

Kaiser Reef Limited (ASX:KAU) (“Kaiser” or the “Company”) is pleased to report encouraging drilling results from the ongoing A1 Mine diamond drilling programme and also updates from the Maldon development project.


The drill holes from A1 continue to target both near term mining and new deeper medium- term discoveries. Kaiser is delighted that the ongoing drilling is delivering the intended results which are to provide mining team with an increased range of mining options. These new lode positions are key to the ongoing development and expansion plans for future production.

A1 Mine Drilling Results

This batch of drilling results from the ongoing A1 Mine programme returned further excellent high-grade results such as:

A1UDH-477: 0.8m @ 157.6 g/t gold

A1UDH-479: 0.5m @ 154.3 g/t gold

A1UDH-480: 0.2m @ 19.2 g/t gold

A1UDH-481: 1.9m @ 17.5 g/t gold

A1UDH-482: 1.5m @ 11.8 g/t gold

See the table of drill results included in this release for a complete list of zones of gold mineralisation intercepted. This is following the intervals returned in the last releases to the ASX that included better results including an interval of A1UDH-472: 4.6m @ 135.7 g/t gold (ASX - 2 May 2022) and A1UDH-476: 1.92m @ 43.2 g/t gold (ASX – 10 June 2022).

These results (Figure 2) provide critical mine planning information for future mining of the previously identified reef systems as well as suggesting potential discoveries of several new reef systems.

The drilling programme is ongoing as per the 2021 plan with the rig(s) moving between A1 and Maldon to allow processing of drill core, final assays and ongoing Mineral resource Estimate calculations.

Assay results with geological descriptions of anomalous intersections are presented in the table below, with typical assay turnaround of approximately 40 days. A1UDH-480, -481, - 482 results have now been received. All of the drill holes intercepted the high-grade Sovereign Reef just below the drill cuddy as expected. There were several other significant intersectionsinA1AUD-481. Unfortunately, A1UDH-480 and -481 intersected old workings of Duke’s and Queens Reef stopes respectively and were abandoned. A1UDH-482 encouragingly did intersect the Perseverance Reef (0.9 m @ 12.74 g/t).


Click here for the full ASX Release

This article includes content from Kaiser Reef Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

KAU:AU
The Conversation (0)
Gold bars in stacks with words "5 Top Canadian Mining Stocks This Week" on top.

Top 5 Canadian Mining Stocks This Week: Adyton Sparkles with 97 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

Statistics Canada reported on Friday (May 30) that real gross domestic product (GDP) gained 0.5 percent during the first quarter of 2025. Even on a per capita basis, real GDP posted a strong 0.4 percent increase.

The agency primarily attributed the rise to a 1.6 percent increase in exports during the quarter. The higher export amounts were led by a 16.7 percent growth in passenger vehicle exports and a 12 percent rise in industrial machinery, equipment and parts exports, both of which were driven higher in response to imposed and threatened tariffs from the United States.

Keep reading...Show less
Stock charts overlayed with "Weekly Editor's Picks" text.

Editor's Picks: Gold Faces Bumpy Week on Trade Tensions, Platinum Stages Breakout

The gold price saw peaks and troughs this week.

After rising to almost US$3,350 per ounce on Monday (May 26), the yellow metal took a dive, dropping to just below US$3,260 on Wednesday (May 28). It was back on the rise the next day, hitting US$3,324, but ended up finishing the week lower, closing out at the US$3,289 level.

Trade tensions were in focus throughout the period.

Keep reading...Show less
Shovel in soil beside a small green plant in a field at sunrise.

Blue Lagoon’s Dome Mountain Joins BC’s Select List of Permitted Projects

Canada’s mining sector is gaining momentum, with over 130 projects with a total value of C$117.1 billion now planned or in construction, according to Natural Resources Canada's 2024 inventory. That's an increase of nine projects and C$23.5 billion from the previous year, signaling strong interest in resource development.

Yet despite this growth, the path to production remains slow. A study published in FACETS and cited by the Mining Association of Canada shows that the average timeline from discovery to production exceeds 17 years, highlighting the pressing need to streamline Canada’s complex and often lengthy permitting process.

Although miners, explorers and developers have long criticized the decades-long process, Canada's federal and provincial governments have only recently begun working to expedite the process in an effort to harness the country’s vast critical minerals potential and assert the nation's dominance in resource extraction.

Keep reading...Show less
Pacgold

Successful $5.6 million Placement for Exploration Program at Alice River Gold Project

Ǫueensland focused gold explorer, Pacgold Limited (ASX: PGO) (Pacgold or the Company) is pleased to announce it has received firm commitments for a $5.6 million two-tranche placement (Placement) via the issue of 93.3 million new fully paid ordinary shares in the Company (New Shares).

Keep reading...Show less
NevGold Announces Closing of Upsized C$6.0M Brokered Private Placement Financing

NevGold Announces Closing of Upsized C$6.0M Brokered Private Placement Financing

Nevgold Corp. (" NevGold " or the " Company ") (TSXV:NAU) (OTCQX:NAUFF) (Frankfurt:5E50 ) is pleased to announce that it has closed its previously-announced brokered private placement financing and concurrent non-brokered financing of units (the " Units ") for gross proceeds of $6,000,000 (the " Offering "). Each Unit, priced at $0.30 per Unit (the " Issue Price "), consists of one common share in the capital of the Company (each, a " Common Share ") and one-half of one Common Share purchase warrant (each whole warrant, a " Warrant "). Each Warrant entitles the holder to purchase one Common Share at an exercise price of $0.45 until May 29, 2027. Clarus Securities Inc. (the " Lead Agent "), was Lead Agent and sole bookrunner, on behalf of Research Capital Corp. and Moneta Securities Corp. (the " Agents ").

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×