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Kairos Minerals Ltd.
Summary
| Project: | Roe Hills | |
|---|---|---|
| Deposit: | French Kiss | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 8/7/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 7-8-2017: Kairos Minerals Ltd. announces an Exploration/Drilling Update report for its French Kiss deposit at the Roe Hills project. Drilling results incl. 2m @ 29.16g/t Au from 121m. Kairos Minerals Ltd (ASX: KAI; “Kairos” or “the Company”) is pleased to | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steve Vallance (Internal) | |
| ABSTRACT: | Kairos Minerals Ltd (ASX: KAI; “Kairos” or “the Company”) is pleased to announce significant new exploration results from its most recent campaign of exploratory drilling and an update on exploration activities at the 100%-owned Roe Hills Project, located 120km east-south-east of Kalgoorlie in Western Australia’s Eastern Goldfields (see Figures 1-5). Kairos Executive Chairman, Mr Terry Topping, said the Roe Hills Project was rapidly emerging as a company-making opportunity. “Considering that we have completed just two gold-focused drilling programs at Roe Hills, our success rate for earlystage, wide-spaced, reconnaissance drilling has been phenomenal – and has already delivered significant new bedrock gold discoveries in at least two areas,” he said. “The significant gold endowment of this southern end of the Kurnalpi terrane is already well-established, thanks to the efforts of Breaker Resources to the north of us, and also as evidenced by the significant deposits owned by Silver Lake Resources to our immediate east. “However, we continue to be encouraged by the under-explored nature of the Roe Hills Project and the widespread nature of significant mineralisation which we have encountered in our drilling so far. We have exciting new discoveries at Lingering Kiss and The Hook, expanding zones of gold mineralisation at Lady of the Lake, Terra and Caliburn, and numerous bedrock targets including Alcyone and Avalon to pursue aggressively over the coming months. In a very short space of time, the Company has established a series of compelling targets – ranging from immediate resource development opportunities to strong bedrock gold targets, which represent walk-up drilling opportunities.” “We are already well down the track towards planning our next campaign of drilling, and we are looking forward to advancing this project rapidly to the next level,” Mr Topping said. | |
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