Kaiser Reef (ASX:KAU) reported high-grade results from its diamond drilling program at the A1 gold mine in Victoria, according to a Friday Australian bourse filing.
The results from five drill holes included 0.2 meters at 65.1 grams per tonne grade of gold from 24.7 meters and 0.8 meters at 32.7 g/t gold from 28.4 meters.
Drilling is ongoing at the site with results to be incorporated into the mine planning, the filing said.
The firm's shares fell 6% on market close on Friday.
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