Sign up Australia
Proactive Investors - Run By Investors For Investors

Kairos Minerals Ltd discovers opportunity to expand gold resource

Kairos Minerals Ltd (ASX:KAI) has confirmed with soil sampling that high priority gold targets are located outside of the known resource areas at its wholly owned Mt York Lithium-Gold Project located in the Pilbara region of Western Australia.
Kairos Minerals Ltd discovers opportunity to expand gold resource
Soil sampling returned up to 13 g/t gold.

The soil sampling has returned grades of up to 13 g/t gold.

The project hosts four gold deposits – Old Faithful, Iron Stirrup, Main Hill and Breccia Hill - totalling 5.69 million tonnes grading 1.42 g/t gold for 258,000 ounces of gold.

The company’s maiden drilling program commenced at Mt York at the end of September and first assays are due by the end of this week.

Drilling is testing for extensions to the known deposits and to provide first pass evaluation of new anomalies in order to expand the company’s gold resources.

A total of 4,500 metres of diamond and reverse circulation drilling is on schedule for completion in 2016.

Phase 1 of the current program was designed to evaluate extensions to the Old Faithful and Iron Stirrup gold deposits, both at depth and along strike.

Phase 2 drilling will begin with 1,200 metres targeting the newly identified high-grade soil anomaly gold targets.

Drilling to test these new high priority targets identified by the soil sampling is to commence immediately.

Mt York is emerging as a significant Western Australian gold project with multiple resource expansion opportunities.

The company finished the September quarter with $4.1 million in cash.

Register here to be notified of future KAI Company articles
View full KAI profile View Profile

Kairos Minerals Ltd Timeline

Related Articles

Royal Road Minerals' Nicaraguan ambitions starting to take shape
September 07 2017
Caza, which it has now bought, controlled land in the highly prospective but undeveloped gold belts of Nicaragua
picture of coal mine infrastructure
May 11 2017
The focus is to add further royalties to the portfolio.
July 12 2017
Harvest Minerals is now completing tests on KPfértil and should secure full certification by the end of the year

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use