Kaiser Reef Ltd Announces Positive Infill Soil Survey Results at Maldon
Key points
- Infill soil sampling confirmed strong, contiguous gold-arsenic anomalism
- Peak soil result of 2.7g/t Au and four samples at 1g/t Au or better
- Airborne magnetic survey scheduled for August to refine drill targets
Full summary
Kaiser Reef Ltd (ASX: KAU) has reported promising results from an infill soil survey at the Maldon Gold Project in Victoria. The survey covered 2.7km2 of prospective ground, confirming strong, contiguous gold-arsenic anomalism along multiple north-south structures. The peak soil result was 2.7g/t Au, with four additional samples at 1g/t Au or better. The anomalism extends up to 1.5km and reinforces prospectivity along the entire 4.4km of strike on the granted mining lease. An airborne magnetic survey is scheduled for early August to combine with the soil survey data for refined targeting and drillhole planning.
Outlook
Kaiser Reef Ltd is committed to exploring the Maldon Gold Project, which has strong gold potential across multiple lodes. The company plans to leverage the soil survey results and upcoming magnetic survey to prioritize drill targets.
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