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Kairos Minerals Ltd.
Summary
| Project: | Roe Hills | |
|---|---|---|
| Deposit: | Lingering Kiss, Terra | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 1/30/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 30-1-2018: Kairos Minerals Ltd. announces an Exploration/Drilling Update report for its Lingering Kiss, Terra deposit at the Roe Hills project. Drilling results incl. 4m @ 4.99g/t Au from 153m. Kairos Minerals Ltd (ASX: KAI; “Kairos” or “the Company”) is | |
| 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 received all assays from its most recent campaign of gold-focused reconnaissance exploration drilling at the 100%-owned Roe Hills Project, located 120km east of Kalgoorlie in Western Australia (Figure 1). The program comprised a total of 27 holes for 3,101m of combined Aircore/Reverse Circulation drilling (refer Table 1) and was designed to follow up on the outstanding results and new gold discoveries reported at Roe Hills last year (see ASX announcement: 7 August 2017). The recently completed program was designed to test both dip and strike extensions of previously defined mineralisation at a number of targets with the potential for near-term resource delineation (such as Lingering Kiss, Lady of the Lake, Terra and Caliburn), and to commence testing of several newly identified greenfields targets (Quartermain, Moriarty, Nemo, Avalon, Nautilus – refer Figure 2, Plate 1). Significant high-grade assay results of 8.87g/t Au and 8.96g/t Au returned from both the Lingering Kiss and Terra prospects respectfully, confirming extensions to the mineralisation intersected last year. Kairos Executive Chairman Terry Topping said the Roe Hills Project was continuing to develop as a significant greenfields gold exploration opportunity. “We have continued to encounter significant high-grade mineralisation across several prospects in the latest round of gold-focused drilling, demonstrating the huge potential of this project,” he said. | |
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