Kaiser Reef Says Soil Sampling at Queensland Gold Project Confirms Neighboring Gold-Arsenic Anomalism Along Multiple Structures
MT Newswires Live
Jul 28
Kaiser Reef (ASX:KAU) said infill soil sampling confirmed strong, neighboring gold-arsenic anomalism along multiple structures over the full 4.4 kilometers of strike at the Maldon gold project in Queensland, according to a Tuesday Australian bourse filing.
Infill sampling covers an area of 2.7 kilometers-squared of prospective ground to the north of Maldon. The survey resulted in a peak soil result of 2.7 grams-per-tonne grade of gold and four further samples at around 1 gram-per-tonne grade of gold. The anomalism extends up to 1.5 kilometers and four distinct anomalous north-south trends were delineated.
The company's shares jumped nearly 3% in recent trading on Tuesday.
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