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Kaiser Reef (ASX:KAU) - Non Executive Chairman, Adrian Byass
Non Executive Chairman, Adrian Byass
Source: Business News
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  • Kaiser Reef (KAU) has highlighted the Specimen Hill mine region as a high-priority drilling target
  • The Specimen Hill mine is located between Cadia and Alkane Resources’ recent Boda discovery in New South Wales
  • Geophysical data has indicated an interpreted intrusive body that has a width and strike of about 1.2 kilometres and a depth of more than 1.7 kilometres
  • The interpreted body also shows signs of felsic igneous rocks, sulphide mineralisation and gold workings
  • Importantly, historic channel sampling from a Specimen Hill adit returned individual samples of up to 120g/t gold
  • Kaiser Reef is now preparing for a diamond and reverse circulation drilling program
  • Company shares are up 5.66 per cent and trading for 28 cents each

Kaiser Reef (KAU) has announced the processing of geophysical data has highlighted the Specimen Hill region as a high-priority drilling target.

The Specimen Hill mine is strategically located between Cadia and Alkane Resources’ recent Boda discovery in New South Wales.

A high-resolution gravity geophysical survey has been modelled. Results have indicated an interpreted intrusive body within 200 metres of surface that spans a width and strike of about 1.2 kilometres and has a depth of over 1.7 kilometres.

The interpreted body also shows signs of felsic igneous rocks, sulphide mineralisation and gold workings. The magnetic survey shows the gravity low anomaly lies within a major structural corridor.

Kaiser believes the intrusion may represent extensive surface rhyolite-hosted gold veins and historic mines in the region, particularly in the Specimen Hill, Quartz Hill and Manna Hill historic underground mines.

Importantly, historic channel sampling from the Specimen Hill No.2 adit returned a 15-metre wide section that averaged 36g/t gold, which included individual samples of up to 120g/t gold.

Additionally, a 25-metre by 50-metre soil survey returned grades up to 7.15 g/t gold and the Specimen Hill line of mines also have an associated and coincident arsenic and potassium anomaly.

Kaiser has commenced assessing drill sites and access to prepare for a reverse circulation and diamond drilling program.

Company shares are up 5.66 per cent and trading for 28 cents each at 11:06 am AEST.

KAU by the numbers
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