Kaiser Reef Ltd Announces Union Hill Refurbishment and Exploration Updates
Key points
- Union Hill decline refurbishment underway
- New drill platform targeting untested sections
- New gold target confirmed at Porcupine Flat
- Multiple anomalies identified in Maldon North soil survey
- Drilling permitted and scheduled for Nuggetty South
Full summary
Kaiser Reef Limited (ASX: KAU) is in the process of refurbishing the Union Hill decline, a fully permitted gold mine in Victoria's Golden Triangle. The refurbishment includes establishing a new drill platform 250m down the decline to target untested sections of the Eaglehawk and Ladies Reefs. Drilling is scheduled to commence next quarter. Additionally, a new gold target has been confirmed at Porcupine Flat from tailings storage facility sterilisation drilling. The Maldon North soil survey has identified multiple anomalies, highlighting the potential for further exploration. Drilling at Nuggetty South is permitted and scheduled to commence late June.
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