Send in the drones: Kaiser Reef ticks off stope survey at Victoria’s Maldon Goldfield, resource estimation en route
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Kaiser Reef has wrapped up a program of underground stope surveying at the underexplored – and extremely prospective – historic Maldon Goldfield in Victoria.
Reams of data are being streamed and gathered for resource and mine studies – including for the construction of a future mine planning model – after it was identified some unsurveyed stopes would need to be accounted for and deleted from resource estimation models.
MINELiDAR ran the astounding survey work, which was taken from 1060 and 1100 access points with the Linscott Reef drive.
Kaiser Reef (ASX:KAU) says the survey used Emesent Hovermap LiDAR – light detecting and ranging technology, a safe and efficient way to survey stopes, drives and shafts, especially in situations untested by engineers for structural stability and safety with a high-degree of accuracy.
This method captures up to 300,000 points per second and provides an incredibly thorough point cloud with a high-level of resolution.
The first phase of underground drilling at Maldon has completed with the rig being demobilised to continue exploration and development at the A1 mine.
Resource estimation work is being prepped now, and Kaiser will apply the drill results that lie within the target regions of resources estimation and utilise the data in the resource model.
Deeper exploration drilling will be conducted as the company awaits further assay results.
Drilling has initially targeted the projected extensions to historic high-grade mineralisation at the Eaglehawk reef, one of Maldon’s largest historical high-grade mines.
Maldon has an incredibly rich history.
It’s located between Bendigo and Ballarat in the Victorian Goldfields and is host to one of Australia’s famous Nuggety Reef, one of our highest-grade historic gold mines which produced 301,000 ounces of gold at 187 g/t.
The licence area has produced more than 1.74mn ounces of gold at 28 g/t.
One of Maldon’s key attributes is the extensive existing infrastructure and proximity to Kaiser’s gold processing plant, which is around 3 km away.
Rapid and low-cost development could be implemented with the existing mining fleet owned by Kaiser and experienced mining team for minimal capital cost.
This article was developed in collaboration with Kaiser Reef, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.