Kaiser Reef Identifies Priority Drill Targets at Specimen Hill Prospect, Drilling to Start Soon

  • Jun 17, 2020 AEST
  • Team Kalkine

Kaiser Reef Limited (ASX: KAU) on 17 June 2020, announced growth in the processing of the geophysical data which identified the Specimen Hill region as the priority drilling target from the historic gold workings.

Data from the high-resolution gravity geophysical survey has already been modelled with results indicating an intrusive system extending to 200 metres beneath the surface. The magnetic survey has indicated that the low gravity anomaly is located within a structural corridor. The interpreted intrusions may be the origin to the extensive rhyolite-hosted gold veins and the mined volcanic rhyolitic breccia from the Specimen Hill, quartz Hill and Manna Hill mining operations.

A Kaiser team is already on the drilling site to assess and prepare for a RC and Diamond drilling program which is expected to commence soon and further updates on the same came be anticipated in near-term.

Kaiser Reef traded at $0.265 a share on 17 June 2020 at 01:45 PM AEST.


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