Kaiser Reef (ASX:KAU) has reported favourable drilling results from the A1 Mine that have extended high-grade mineralisation, particularly northerly extensions to Jupiter Reef and beyond the historic mining of Dukes Reef on the 22 Level.
The drilling delivered significant results, including results up to 2,006g/t gold from 66.65m and 0.45m @ 17.11g/t gold from 147.35m, justifying the investment in the operation and providing the mining team with future mining options.
Kaiser Reef says the drilling program resumed after a hiatus of three months drilling and back-reaming service holes for future High Voltage power installation.
Shares of Kaiser Reef closed up 6% today.