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Kaiser Reef confirms high-grade gold at Maldon, plans deeper drilling and boosts Henty mine output.
Kaiser Reef reports strong gold results from diamond drilling at its Maldon project in Victoria, with high-grade intersections including 5.8 meters at 5.37 g/t and a 2.5-meter segment at 10.25 g/t, confirming continuity with the historical Eaglehawk Reef.
The program, involving 22 holes totaling 960 meters, found gold in 18 of 19 effective holes, with visible gold observed in hanging-wall veins.
The company plans to rehabilitate an underground decline to enable deeper drilling beneath the Union Hill pit, which remains permitted and on care and maintenance with a 186,000-ounce resource.
Meanwhile, Kaiser increased processing capacity at its Henty mine in Tasmania by 33% to 400,000 tonnes per year, signaling potential for higher gold output.
Kaiser Reef confirma oro de alto grado en Maldon, planea perforaciones más profundas y aumenta la producción de la mina Henty.