RC Campaign Testing Old Faithful Prospect
Kairos Minerals Ltd (ASX: KAI) has commenced a programme of Reverse Circulation (RC) drilling is underway at its 100%-owned Pilbara Gold Project in Western Australia, marking the final phase of the company’s successful 2020 field program before the onset of the northern-Australian Wet Season.
The current drilling programme is 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 has been prioritised for this late-season drilling due to highly positive results received from the recently completed Sub-Audio Magnetics (SAM) survey.
Approximately 14 holes are expected to be drilled, with the aim of testing some of the targets generated by the recently-completed SAM survey, as well as testing extensions to the known mineralisation both at depth and along strike.
The drilling will also target higher-grade zones within the deposit, aiming to prove up the current Unclassified, Inferred and Indicated Resourcs into higher-confidence Resource categories.
Executive Chairman, Terry Topping, said Kairos is awaiting results from recent exploration activities completed at the Skywell and Croydon Projects, including mapping, rock chip sampling and geochemistry programmes. The company is also expecting to receive remaining results from the Fuego and Tierra drilling programmes in the upcoming weeks.
“Our recent SAM survey has delivered a number of compelling targets at Old Faithful, which we will start testing over the next two weeks,” Mr Topping said.
“In addition, we will be looking to extend and upgrade the existing 89,400oz Old Faithful Resource and target additional high-grade zones within the deposit.
“We’re also looking forward to shortly receiving assay results from recent exploration programs at the Skywell and Croydon Projects, which will help our drill targeting for 2021”
