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Kaiser Reef's drilling at Union Hill shows strong gold results, supporting plans to process waste dumps and profitably use its existing plant.
Kaiser Reef has finished drilling at its Union Hill site in Victoria’s Maldon Gold project, with trial processing of 3,567 tonnes from a waste dump yielding 1.6 g/t gold at 90% recovery—up from earlier results.
A second dump, Nuggetty, holds over 16,000 cubic meters averaging 1.8 g/t gold and is next for testing pending permits.
Results support plans to use the underutilized 200,000 tonnes per year Porcupine Flat plant profitably.
High-grade drill intercepts confirm mineral continuity, and with an estimated 450,000 cubic meters of recoverable material across both dumps and gold above $6,000 per ounce, the company may generate early cash flow and fund further exploration.
La perforación de Kaiser Reef en Union Hill muestra fuertes resultados de oro, apoyando los planes para procesar los vertederos de residuos y utilizar rentablemente su planta existente.