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Kaiser Reef identifies gold resource in Victorian mine tailings
Kaiser Reef Limited has identified an initial inferred mineral resource within the historical tailings at its A1 gold mine in Victoria, Australia. The stockpile is estimated to contain 77,427 tonnes of material grading 1.25 grams per tonne of gold, representing approximately 3,100 ounces of contained gold. This resource was defined following a 28-hole air-core drilling program.
The company plans to transport the tailings to its Porcupine Flats processing plant in Maldon, which has an annual capacity of 200,000 tonnes. Metallurgical testing has indicated gold recovery rates exceeding 80 per cent. This initiative is intended to supplement the low-grade ore currently being processed at the facility.
In addition to the tailings project, Kaiser Reef is conducting exploration at its Maldon North prospect, where a soil survey recently identified an 850-metre-long gold trend. The company is also executing a 4,350-metre surface drilling program across four targets. As of June 30, Kaiser Reef reported $37.2 million in cash and bullion.
Entities
Brad Valiukas · Kaiser Reef Limited · Maldon · Porcupine Flats · Victoria
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Metallurgical testing indicates gold recoveries of more than 80 per cent from the ore. www.smh.com.au · thewest.com.au
- [● 3 SOURCES] The tailings will be processed at the Porcupine Flats processing plant in Maldon, which has a 200,000-tonne per annum capacity. www.smh.com.au · thewest.com.au
- [● 3 SOURCES] A soil survey at the Maldon North prospect identified an 850-metre-long gold trend. www.smh.com.au · thewest.com.au
- [● 3 SOURCES] The resource estimate is based on a 28-hole air-core drilling program and is classified as an inferred mineral resource. www.smh.com.au · thewest.com.au
- [● 3 SOURCES] Kaiser Reef Limited has defined an initial resource for the historical tailings at its A1 gold mine in Victoria. www.smh.com.au · thewest.com.au
- [● 3 SOURCES] As of June 30, the company reported $37.2 million in cash and bullion. www.smh.com.au · thewest.com.au
- [● 3 SOURCES] Previous drilling at the Quill target returned an eight-metre hit at 4.16g/t gold. www.smh.com.au · thewest.com.au
- [● 3 SOURCES] The historical stockpile contains 77,427 tonnes grading 1.25 grams per tonne (g/t) gold, totaling 3,100 ounces of contained gold. www.smh.com.au · thewest.com.au