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Kairos Minerals Ltd.
Summary
| Project: | Roe Hills | |
|---|---|---|
| Deposit: | Lingering Kiss | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 7/24/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-7-2017: Kairos Minerals Ltd. announces an Exploration/Drilling Update report for its Lingering Kiss deposit at the Roe Hills project. Drilling results incl. 6m @ 9.94g/t Au from 120m. 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 announce that it has intersected a significant new zone of high-grade gold mineralisation at its 100%-owned Roe Hills Project, located 120km east-south-east of Kalgoorlie in Western Australia’s Eastern Goldfields (see Figures 1-4). The new prospect, named “Lingering Kiss”, is located just 350m south of the French Kiss Gold Deposit owned by Silver Lake Resources (ASX: SLR), which hosts a published Indicated and Inferred Resource of 1.945 million tonnes grading 1.89g/t Au for 118,490oz. The French Kiss Deposit is a key component of Silver Lake Resources’ Aldiss Project, which SLR plans to bring into production, commencing with the Harry’s Hill Gold Deposit, in FY2019 (Refer: Figure 4. ASX: SLR March 2016). Three wide-spaced reconnaissance Reverse Circulation drill holes completed at Lingering Kiss as part of the Company’s recent goldfocused drilling program at Roe Hills all intersected multiple zones of significant primary gold mineralisation including very high grade intervals (>1 oz/t Au) within broader low-grade mineralised envelopes across a single section approximately 250m wide. Given the broad lateral extent and quality of the mineralisation – which returned assays grading up to 43.34 g/t gold – its proximity to the French Kiss Gold Deposit, the favourable geological setting and the fact that the mineralisation remains open in all directions, the result is a significant development at Roe Hills. | |
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