Contractors Signed Up For Two Pilbara Drilling Programmes
Kairos Minerals Ltd (ASX: KAI) has appointed drilling contractors for two programs of Reverse Circulation (RC) drilling to be conducted at its 100%-owned Pilbara Gold and Roe Hills Gold-Nickel Projects in Western Australia, marking the commencement of the company’s 2021 exploration field season.
Executive Chairman, Terry Topping, said approximately 20,000m of RC drilling is planned for the Mt York Project and 3,000 metres of RC drilling for the Roe Hills Project. Both programmes are due to start next month.
“With the wet season in Northern Australia now almost past us, it’s once again time for activity to ramp-up as part of Kairos’ 2021 exploration field season. Thanks to a busy off-season, we’re ready to hit the ground running at full speed with two big drill programmes ahead of us, and we’re very pleased to provide details of these in today’s announcement,” Mr Topping said.
“With a strong cash balance of over $10 million, we’re in a great position to execute these programmes, and our other exploration plans for the year ahead.
“First cab off the rank will be a 3,000m RC programme at the Roe Hills Project east of Kalgoorlie. It’s been a couple of years since we last drilled at Roe Hills, and a recent analysis of the data suggests that we have plenty of unfinished business there.
“A geochemical sampling programme carried out last year defined a very large soil anomaly at the Black Cat prospect, and we we will put some holes into this first before moving on to test some attractive gold and nickel sulphide targets at the Caliburn and Talc Lake prospects.
“By mid-April we expect to be drilling again at Mt York, following up some of the exciting results reported earlier this year, targeting extensions to known resources and upgrading other Inferred Resources to Indicated. This is a major, multi-pronged programme aimed at taking this well-located 873,000z gold project to the next level.
“We have also decided to terminate the previous agreement with Altura over our Wodgina tenements, which are highly prospective for spodumene-hosted lithium mineralisation. Given the dramatic turnaround in investor sentiment in the lithium sector, we intend to undertake some initial work to determine the potential of this ground before making a decision on how best to extract value for our shareholders.
“We have also not lost sight of our large number of intrusion-hosted gold targets. We have done a lot of work on these in the off-season and will be providing a further update in due course on our exploration plans for the year.”
