Kaiser Reef has returned some pulse quickening high-grade gold intercepts from its wholly-owned A1 gold mine in Victoria’s high-country, with the underground drill turning out a stunning 12.1 metres at 24.26 grams per tonne gold, including 5m at 44.30 g/t gold from only 20m off the access drive. The impressive result comes from the high-grade Queens Lode which the company is looking to bring into the mining schedule over the course of 2021.
The company is currently undertaking a 4,000m program of development drilling through the A1 mine, aimed at rapidly proving up the Queens Lode which is a prime target for mechanised mining. Kaiser is currently extracting moderate tonnages of ore via air-leg mining on the A1 Dyke, which is providing high-grade feed to Kaiser’s mill at Maldon.
Drilling shows the Queens Lode is geologically similar to the A1 Dyke, which is a highly-fractured and mineralised bulge in an intrusive dioritic dyke. Historically, the A1 Dyke has produced more than 600,000 ounces of gold, making the Queens Lode an enticing target for ongoing production.
The company says it will focus its efforts now on drilling the altered and sulphidic mineralisation within the Queens Lode and has set about delineating the strike length of the target, in addition to determining its overall width and vertical extents in preparation for resource estimation. Additional results from the current drilling program include 1m at 13.49 g/t gold from only 11m and 1.8m at 11.62 g/t from 81.7m from the drill cuddy.
Ongoing drilling of the Queens Lode will also target the plunge extensions to the ore system where previous drilling returned substantial widths of high-grade mineralisation at more than 700m below surface, including intercepts of 11.9m at 16.3 g/t gold and 25m at 7.3 g/t gold.
Kaiser anticipates the Queens Lode can quickly be advanced into the mining schedule, utilising mechanical, bulk-tonnage mining to provide additional feed to the high-grade long-hole stoping operations currently being undertaken within the mine. The additional ore tonnages will be used to upgrade the company’s processing schedule at the Maldon plant, increasing the efficiency and production from the operation as Kaiser also looks at various other development options on the Maldon field, which is adjacent to the plant site.
Kaiser Reef’s A1 gold mine is located in the Victorian high-country around 120km north-east of Melbourne and 23km south of the town of Jamieson. The active mine sits within the coveted Woods Point-Walhalla goldfield and has a mining history that dates back more than 150 years to its discovery in 1861. Records reveal production from the A1 mine has averaged an incredible 25.9 g/t gold over its long mining history,
Mining is continuing to produce a valuable feed for the company’s wholly-owned 150,000 tonne per annum Porcupine Flat gold plant at Maldon, which is situated approximately 190km to the west of the mine.
Kaiser Reef is also working on the development of the Maldon goldfield, which extends over more than 4km of strike from the 187 g/t gold Nuggety Reef in the north to the German Reef workings in the south. The field has produced more than 1.7 million ounces over more than a century of mining.
Interestingly, the company’s Maldon project is located just 30km south of the 22 million-ounce Bendigo goldfield, delivering Kaiser a box-seat in one of the hottest exploration addresses in Australia.
Kaiser Reef looks to be riding a winner at the A1 mine with an ongoing stream of high-grade results from the underground operation and an ongoing flow of gold being delivered to the Maldon plant.
The company is in now a prime position to fund its ongoing development program and build its position in the lucrative goldfields of Victoria.
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