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Kairos Minerals Ltd.
Summary
| Project: | Roe Hills | |
|---|---|---|
| Deposit: | Lady of the Lake | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 3/2/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 2-3-2017: Kairos Minerals Ltd. announces an Exploration/Drilling Update report for its Lady of the Lake deposit at the Roe Hills project. Drilling results incl. 54m @ 0.52g/t Au from 4m. Kairos Minerals Ltd (ASX: KAI; “Kairos” or “the Company”) is pleased | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steve Vallance (Internal) | |
| ABSTRACT: | Kairos Minerals Ltd (ASX: KAI; “Kairos” or “the Company”) is pleased to advise that it has discovered a significant new zone of shallow gold mineralisation at the ‘Lady of the Lake’ prospect within its Roe Hills Project in WA, located 120km east-southeast of Kalgoorlie. The recently completed RC and diamond reconnaissance gold drilling program at Roe Hills, comprised of 19 RC holes for 3,422m and 4 diamond cored holes for 695m. A total of eight Reverse Circulation (RC) holes have been completed at the ‘Lady of the Lake’ for a total of 1,140m. In addition, a single diamond cored hole has also been completed for ~280m to finalise the Phase 1 drilling campaign. Lady of the Lake, Terra and Ginger Kiss each define separate, strike extensive, sub-parallel auriferous trends situated proximal to the Keith-Kilkenny Lineament (locally referred to as the Aldiss Fault) and immediately west of SLR’s Aldiss Gold Project. Drilling was also carried out at the Talc Lake Prospect located towards the southern end of the Project tenure. Assay results are still outstanding for a number of holes from several prospects and are expected to be received over the coming weeks. Kairos’ Managing Director, Mr Joshua Wellisch, said “the identification of shallow, very wide and apparently continuous bedrock gold mineralisation in every hole completed over a +300m strike length at Lady of the Lake was a significant and exciting development for the Company.” “The preliminary indications are that the Lady of the Lake is a major gold-bearing structure at Roe Hills, with our drilling clearly indicating the potential for a significant new discovery in an area which has never before been effectively drilled,” he said | |
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