Kairos Minerals Ltd (ASX: KAI) has received further highly encouraging assays from Reverse Circulation (RC) drilling at its 100%-owned Pilbara Gold Project in Western Australia with the latest results continuing to demonstrate the substantial upside and growth potential at the 873,500oz Mt York Deposit.
The company has now completed its major RC drill programme at Mt York for the 2021 field season with a total of 95 drill-holes completed for 14,988m.
A track-mounted rig returned to the project in late October to follow up on results received from previously drilled holes. This specialised equipment was required to access complex locations, and eight drill holes were drilled to depths of up to 310m to test deeper extensions of the mineralisation down-dip.
Executive Chairman, Terry Topping, said the programme has so far been successful in identifying new high-grade lodes and thick, shallow gold mineralisation in areas with minimal drilling. Further strong assay results have recently been returned, including:
- 20m @ 1.58g/t Au from 28m in KMYC141, including: o 4m @ 4.42g/t Au from 44m.
- 12m @ 1.73g/t Au from 132m in KMYC142, including: o 4m @ 2.89g/t Au from 136m.
4m @ 3.38g/t Au from 68m in KMYC140. 4m @ 2.51g/t Au from 96m in KMYC139.
“I would firstly like to congratulate our team on the successful completion of our 2021 drilling program at Mt York ahead of the onset of the northern wet season. We have been able to drill 95 holes for a total of just under 15,000m – a fantastic result which is testament to the dedication and hard work of our exploration field team. To all of them and the drillers who have supported us this year, a big thank-you,” Mr Topping said.
“These latest results have built on our announcement of September, where we reported some exceptional results from ‘The Gap’ zone between the Main Hill and Breccia Hill pits. The latest results include a thick zone of shallow gold mineralisation at the eastern end of the Breccia Hill pit and some deeper extensions of previously intersected mineralisation, that we were able to target using a specialised track-mounted rig.
“We still have assay results pending for 28 holes, which should come through over the coming weeks and into early 2022. In addition, we are about to commence the previously announced follow-up in-fill drill air-core programme at the Kangan Project.
“This will follow up the encouraging shallow gold results we reported recently and test some of the recently identified pegmatite targets, which have the potential for lithium mineralisation. With these and other programs in full swing, we expect to maintain a strong level of news-flow through into the New Year.”
Drill hole KMYC141 returned exceptional gold results close to surface at the eastern end of the historical Breccia Hill open pit. This result increases the company’s confidence in the potential of the Project to deliver high-grade ore during the first years of mining.
Assay results are pending for 28 drill holes.
For further information please visit: https://www.kairosminerals.com.au/
