Two Drill Rigs Operating In The Pilbara
Kairos Minerals’ (ASX:KAI) 2021 exploration campaign is advancing with Ausdrill and Mt Magnet Drilling commencing a 20,000m drilling programme at Mt York Project, located 100km south of Port Hedland in Western Australia’s Pilbara region.
The 20,000m programme aims to expand the areas of known mineralisation and also to increase confidence in the known resources by further in-fill drilling. Two rigs are operating at the Old Faithful deposit and the Green Creek gold prospect.
The company is also compiling a JORC compliant Exploration Target for the Mt York Gold Project across existing deposits and primary prospects, which is expected to be finalised and published in the near future.
A geochemical soil sampling programme is also underway to assist in generating additional drill targets.
Executive Chairman, Terry Topping, added that earthmoving works are nearly completed at the Kangan Project, with air-core drilling expected to start in mid-June.
“With drilling wrapping up recently at Roe Hills, our focus has well and truly moved to Mount York, part of our Pilbara Gold Project, where we are well underway with a 20,000m programme,” Mr Topping said.
“Two RC rigs are operating, with both Ausdrill and Mount Magnet Drilling supplying drilling services. Given the very tight situation for drill rigs, support crews and services at the moment, this is an outstanding result and a credit to our exploration team for putting all the logistics in place.
“We are already 3,600m into a major 20,000m program, with drilling focusing on in-filling existing Resources, extending known mineralisation and potentially making new discoveries. We are also currently working on a JORC compliant Exploration Target for Mount York which we hope to finalise and publish in the near future, with a view to giving investors a sense of the scale of the opportunity here.
“With assays pending from Roe Hills and a large number of samples being generated at Mount York, shareholders can look forward to an ever-increasing volume of news-flow over the coming weeks and months.”
