Kaiser Reef (ASX:KAU) has announced encouraging drilling results from the A1 mine that have extended high-grade mineralisation substantially deeper than previously achieved.

Kaiser says the drilling has identified mineralisation about 115m below than the current decline face, with visible gold in these deeper unknown reef systems with returned assays up to 69g/t gold.

It also says the implications are extremely encouraging for the future of the A1 mine, and that it?s committed more than ever to expand, extend, and improve the operations.

Kaiser?s share price reached $0.18 this afternoon.