- Kaiser Reef (KAU) has intercepted more high-grade gold at Queens Lode, an exploration target within its A1 Mine
- Best results from the most recent assays include 0.6 metres at 67 g/t gold from 13.5 metres in A1UDH-413
- Previous drilling at A1 hit similar high-grades, such as 3.7 metres at 68.6 g/t gold and 12.1 metres at 24.3 g/t gold
- Kaiser is exploring Queens Lode as part of its strategy to ramp up production from the mine in the medium term
- Along with the drilling results, KAU advises it has begun addressing operation issues associated with the planned mining of the lode
- Shares in Kaiser Reef have ended Friday down 1.52 per cent at 32.5 cents
Kaiser Reef (KAU) has intercepted more high-grade gold at Queens Lode, an exploration target within its A1 Mine.
Best results from the most recent assays include 0.6 metres at 67g/t gold from 13.5 metres as well as 0.4 metres at 12g/t gold from 23.5 metres in A1UDH-413.
Previous drilling at A1 has hit similar high-grades of 3.7 metres at 68.6g/t gold and 12.1 metres at 24.3g/t gold.
But, these latest assays are from drill holes that targeted the Queens Lode’s bulk tonnage target for the first time.
Kaiser is exploring Queens Lode as part of its strategy to ramp up production from the mine in the medium term.
To date, the A1 Mine has produced at least 495,000 ounces of gold at an average grade of 25.7g/t gold. The ore is also being exploited using air-leg mining methods, providing around 400 tonne to 500 tonnes per week.
But, Queens Lode will allow mechanised mining, which Kaiser is hopeful will increase the mine’s overall production rate.
The lode will support a higher mining rate through mechanical stoping and to advance this, a decline bypass has been added to provide access for larger equipment.
The company has also had to address a number of other operation issues associated with the planned mining of the lode, such as ventilation upgrades, with work now well underway.
Shares in Kaiser Reef have ended Friday down 1.52 per cent at 32.5 cents.