en.Wedoany.com Reported - Australian gold miner Kaiser Reef (ASX:KAU) has commenced surface diamond drilling at the Maldon Gold Project in Victoria, with an initial planned total drilling meterage of 4,350 meters, targeting four exploration zones.
Drilling operations began at the Quill gold target, which was identified during sterilisation drilling for a tailings storage facility and subsequent resistivity surveys. Previous drilling results at the Quill target showed that hole TSAC_021 intersected 8 meters at 4.16 g/t gold from 10 meters depth, including 2 meters at 9.90 g/t gold from 11 meters depth.
The surface drilling program will then progress to three additional targets. The Union Hill North target will test the northern extension of Eaglehawk Reef mineralisation in preparation for planned underground drilling. The Nuggetty South target will explore a 170-meter untested strike segment between known mineralisation along a newly interpreted shallow plunge direction, where historical drilling returned intersections of 3.4 meters at 34.0 g/t gold and 4.3 meters at 11.2 g/t gold. The program will also cover the Nuggetty West vein and remaining targets.
Managing Director Brad Valiukas stated that despite Maldon historically producing 1.75 million ounces of gold at a grade of 28 g/t, the area "remains largely underexplored." He added that the company sees a long and continuous pipeline of surface exploration opportunities and expects to maintain one surface drill rig on a long-term basis to complement underground activities at the Union Hill gold mine.
The Quill target was identified based on Kaiser's recent air-core drilling program at the proposed tailings storage facility location. A reconnaissance resistivity survey revealed a north-south trending high-resistivity zone coinciding with the mineralised intersection in hole TSAC_021, interpreted as a potential quartz vein. The company expects drilling to continue into 2026, while additional surface targets are being developed through mapping, soil sampling, and an upcoming helicopter-borne magnetic survey.
Kaiser Reef operates the Henty Gold Mine in Tasmania, which hosts 199,000 ounces of gold ore reserves and targets annual production of approximately 30,000 ounces of gold. The Maldon Gold Project features a fully permitted processing facility with an annual capacity of 200,000 tonnes and existing underground access.
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