Kairos Minerals’ (ASX: KAI) comprehensive technical review of its Mt York Gold Project in Western Australia’s Pilbara has identified potential to significantly increase the 873,500oz resource.
The review found that the existing resource was limited by drilling to a depth of 150 to 200m along the entire deposit, where it remained open over its strike length of 3.4 km.
The review also identified mineralisation outside the current resource that was intersected during the November-December 2021 drilling programme, especially at ‘The Gap’ Prospect where the company announced stellar results of 49m @ 1.75 gpt Au from 135m including 19m @ 3.29 gpt Au from 153m (KMYC196).
“The results of the review, which was conducted in conjunction with Kairos Exploration Manager Mark Falconer, are extremely compelling,” Managing Director. Peter Turner, said.
“The review paints a picture of an 873,000oz resource which is open in all directions but very constrained by a lack of drilling, particularly below 150-200m.
“The potential to grow this resource substantially is overwhelmingly clear.
“In light of these findings, we are now planning a drilling program of up to 20,000m with the aim of expanding the mineralisation, and therefore the resource, in all directions especially chasing the wide, high-grade plunging shoots below existing drilling.
“We will only begin to understand the true size of the Mt York resource once the next round of staged exploration drilling is completed.”
The review found the deposit was constrained only by drilling within the individual deposits and at depth, not by geological or mineralisation factors.
The Kairos technical team met with Auralia Mining Consulting representatives who completed the 2020 resource estimation and provided optimal pit shells, and Como Engineers who provided early-stage advice on metallurgical, process and mechanical engineering works for the Mt York Gold Project in 2020-2021.
Both companies concluded that there were no technical impediments to developing the project to the next stage, whether that will be a scoping-level study or a feasibility study.
Auralia and Como both recommended further drilling as the next step in developing the project.
For further information please visit: https://www.kairosminerals.com.au/
