Kaiser Reef Limited (ASX:KAU) releases results from the  maiden drilling at Stuart Town gold project

  • November 04, 2020 11:25 AM AEDT
  • Team Kalkine
    Team Kalkine
    Team Kalkine
    16932 Posts

    Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

Kaiser Reef Limited (ASX:KAU) releases results from the  maiden drilling at Stuart Town gold project


  • Kaiser Reef released the results of the reconnaissance drilling program intersecting anomalous gold intersections at the historic mining centres
  • All 3 holes at Specimen Hill intersected gold mineralisation, diamond drill continues at Quartz Hill with a current depth of 540 metres
  • Drilling at the historic Rockdale mine intersected anomalous gold with grades 0.53 g/t over 3 metres

Gold focused explorer, Kaiser Reef Limited (ASX:KAU) announced the results for the reconnaissance drilling campaign at the Stuart Town gold project.

Maiden drilling at the Stuart Town Source: Kaiser Reef ASX Update 2 November 2020

The drilling program included 6 RC drill holes for over 776 metres. Anomalous results of 0.53 g/t gold is returned by KRRC001, the 1st drill hole, over the 3-metre interval in a composite sample, 24 metres downhole. The intercept is planned to resample as single metre intercepts.

Must Read: Kaiser Reef Limited (ASX: KAU) releases September quarter report, Highlights major growth plans

Drill holes KRRC002 and KRRC003 tested the North-South trending structure which was identified during the geophysical survey. The structure has been intercepted during the drilling campaign and resulted in anomalous grades of 0.25 g/t gold at the drill hole KRRC003 over a 3-metre interval in a composite sample, 97 metres downhole. The intercepts will be sampled again on metre long intervals.

Must Read: Kaiser Reef to turn into a Gold producer, Acquiring Golden River Resources

Assay Results of the Drilling Program at the Stuart Town Gold Project Source: Kaiser Reef ASX Update 2 November 2020

Additionally, 3 RC drillholes targeted the mineralisation beneath the Specimen Hill historical mining centre. Each of these 3 drill holes intersected mineralisation and the geological host has been mapped as brecciated porphyritic andesite. The lithology is interpreted as the prospective host for large scale gold mineralisation.

Read Here: Kaiser Reef targets large gold mineralisation, advancing on drilling at Stuart Town

Coarse gold has been identified during the drilling program, which was assayed using the screen fire assay technique, returning assay with >75µm fraction and remainder of the pulverised sample The assay laboratory has presented the estimated head grade for the overall sample.

Source: ASX announcement dated 2 Nov 2020; Image source: © Kalkine Group

A deeper diamond drill hole is currently being drilled targeting the modelled intrusion beneath the Quartz Hill historic mine and has now reached a vertical depth of 540 metres.

Interesting Read: Kaiser Reef initiates initial drilling program at Stuart Town Project in the Lachlan Fold Belt

The Stuart Town gold project is considered underexplored and has been subjected to minimal modern investigation ever since the commencement of mining in the 1850’s. The maiden drilling program provides significant geological information for the current exploration program. The information would be anticipated to assist the geological modelling and assist with identifying the host and the style of the mineralisation.

Also Read: Kaiser Reef prepares for maiden drilling, Matches Gold Price Rally

Kaiser Reef last traded at $0.41 a share on 14 September 2020 and is suspended for trading as for now.

*All financial information pertains to Australian Currency unless stated otherwise.



The website https://kalkinemedia.com/au is a service of Kalkine Media Pty. Ltd. (Kalkine Media) A.C.N. 629 651 672. The principal purpose of the content on this website is to provide factual information only and does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) or engage in any investment activity under discussion. We are neither licensed nor qualified to provide investment advice through this platform. In providing you with the content on this website, we have not considered your objectives, financial situation or needs. You should make your own enquiries and obtain your own independent advice prior to making any financial decisions.
Some of the images that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed on this website unless stated otherwise. The images that may be used on this website are taken from various sources on the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image. The information provided on the website is in good faith, however Kalkine Media does not make any representation or warranty regarding the content, accuracy, or use of the content on the website.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK