Follow-Up Opportunities Identified
Kairos Minerals Ltd (ASX: KAI) has delivered the final phase of its 2020 exploration field season at the 100%-owned Pilbara Gold Project in Western Australia,with the successful completion of over 2,000m Reverse Circulation (RC) drilling at the Mt York Project before the onset of the northern-Australian wet season.
The recently completed drilling program was focused on the Old Faithful Deposit, targeting extensions to the current Resource as well as high-grade zones within the deposit, with the aim of upgrading the current unclassified Inferred and Indicated Resources into higher-confidence categories.
Old Faithful was prioritised for this late-season drilling due to extremely positive results received from a recently-completed Sub-Audio Magnetics (SAM) survey.
Executive Chairman, Terry Topping, said assay results from the drilling are expected early in the New Year, together with results from other recent exploration activities completed at the Skywell and Croydon Projects, including mapping, rock chip sampling and further infill geochemistry programmes.
“We are pleased to have completed our 2020 exploration field season with a successful drilling programme at the Mt York Project which saw over 2,000m drilled across some of the key targeted areas,” Mr Topping said.
“With the wet season looming and weather conditions deteriorating, this was a significant achievement and I’d like to thank our team for doing a great job under difficult circumstances. All samples have been submitted for analysis, and we are looking forward to receiving the results in the new year.
“Meanwhile, we have now received all 4m composite assays from the recently completed drilling programmes at the Tierra and Fuego prospects at Croydon.
“Given the scale of the targets and the very wide-spaced nature of this initial drilling, these programmes have given us a really good look at the opportunities in these areas.
“Significantly, the tenor of anomalous gold intersected at depth correlates very closely to the anomalous values returned from surface soil sampling.
“This will help us to focus on higher grade priority areas once we fully evaluate the results, including outstanding 1m samples, correlate this with the geology and structures observed in the recent SAM surveys and refine our priority target areas for next year.
Heritage surveys have been completed over a number of a priority areas and this will help us to hit the ground running with exploration at Croydon next year.”
