Kairos Minerals (ASX: KAI) has intersected further ‘high-grade’ gold mineralisation following a 14,988m RC drilling campaign at The Gap prospect within its Mt York Gold Project in Western Australia’s Pilbara region.
The results demonstrate an extension of the new high-grade lode at The Gap down-dip by 75m, remaining open at depth.
Key results include:
- Hole KMYC196 (The Gap): 49m @ 1.75g/t Au from 135m, incl. 19m @ 3.29g/t Au from 153m
- Hole KMYC198 (The Gap): 24m @ 3.14g/t Au from 100m, incl. 14m @ 4.30g/t Au from 104m
- Hole KMYC194 (Main Hill): 28m @ 1.66g/t Au from 32m, incl. 12m @ 3.26g/t Au from 32m
Speaking on the results, Kairos Minerals Managing Director Dr. Peter Turner said: “These results confirm that the Mt York Gold Project is a big system that is yet to be fully understood. The technical team has done a superb job targeting parts of the orebody that are either under-drilled or not drilled at all and have provided the Company with excellent results that it will take into the next round of resource estimation. There are some of the best grade and widths we have seen at Mt York to date.
“These results confirm that the Mt York Gold Project is a big system that is yet to be fully understood”
We have commenced a technical review of the deposit and are looking for more opportunities to increase our confidence in the mineralisation and importantly, substantially grow the resource. I remain extremely positive about delivering cost-effective exploration to deliver value with this highlighy promising asset.
Organic growth through targeted drilling is in our view the best way to create shareholder value and is entirely in line with our strategy. We anticipate a further 10,000m drill programme at Mt York in the second half of the year.”
The company also notes that these new-found results will underpin a resource upgrade for the existing 873,500oz Mt York Gold Project.
In addition, drilling conducted underneath the historic Main Hill pit has returned ‘exceptional’ intercepts with grades up to 6.31g/t Au reported.
Cross section at The Gap displaying recent key RC drilling resultsMt York is located in Western Australia’s Pilbara Region, and forms part of the company’s 100%-owned Pilbara Gold Project.
The project boasts an existing Mineral Resource Estimate of 9Mt @ 1.3g/t Au for 873,500 ounces of contained gold across all three of its deposits, including 17.2Mt @ 1.26g/t Au for 697,700oz at Mt York.
With the recent RC drilling campaign now complete, the company reports that it will move forward with a technical and strategic review of its lithium and gold projects while it awaits re-split sampling results that are expected to arrive in June.
Images: Kairos Minerals Limited
