Kaiser Reef Ltd (AU:KAU) has released an update.
Kaiser Reef Limited reports promising gold finds from their phase one drilling at Maldon Gold Project, with a notable intercept of 22 g/t gold over 0.3 meters. Challenges such as unrecorded underground workings have been encountered, but the company remains optimistic and is planning further drilling to explore the high-grade potential down plunge of the historical Nuggetty Mine. The Maldon Goldfield’s exploration potential is still rated as extremely prospective.
For further insights into AU:KAU stock, check out TipRanks’ Stock Analysis page.
