For thousands of other reports visit RSC's Mineral Intellingence Map
Kairos Minerals Ltd.
Summary
| Project: | Mt York | |
|---|---|---|
| Deposit: | Mt York | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 11/17/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 17-11-2016: Kairos Minerals Ltd. announces an Exploration/Drilling Update report for its Mt York deposit at the Mt York project. Drilling results incl. 11.92m @ 3.57g/t Au from 10.25m. Kairos Minerals Ltd (ASX: KAI) is pleased to report initial assay resu | |
| Resources: | (Resource, I+I): 5.692Mt @ 1.42g/t Au for 258Koz Au contained at Mt York | |
| CP/QP: | [Overall Report]: Steve Vallance (Internal) | |
| ABSTRACT: | Kairos Minerals Ltd (ASX: KAI) is pleased to report initial assay results from the ongoing maiden drilling program at its 100%-owned Mt York Lithium-Gold Project in the Pilbara region of Western Australia. The Company has so far completed 12 diamond drill holes for 2,996.2m and 1 RC hole for 132m for a combined total of 3,128.2m of drilling at the Old Faithful and Iron Stirrup gold deposits, with assay results received so far received for holes KMDY001 and KMYD002. The most significant intersections were recorded in KMDY002. The Company’s maiden drill program includesthe first diamond cored holes ever drilled at the Old Faithful deposit in order to test the existing geological/structural model. KMDY001 was positioned to test an interpreted fold closure in the central part of the deposit between the western and eastern lodes. This hole intersected only minor mineralization but provided important structural information to better position subsequent holes. KMYD002 was drilled a further 300m to the south and returned a thick intercept of strong near-surface gold mineralization of 11.92m grading 3.57g/t Au from only 10.25m deep. This included a higher grade zone of 1.00m at 20.5g/t Au from 15m depth. Additional intercepts of 14.62m grading 0.59g/t Au and 6.9m grading 1.13g/t Au were encountered from down-hole depths of 102m and 140.46m respectively. The results confirm the presence of a parallel series of previously unrecognised steeply west-dipping lodes at the Old Faithful deposit suggesting that the structural setting at Old Faithful is akin to that of the nearby Iron Stirrup deposit which was successfully exploited via open pit mining methods by Lynas Mining during the mid-1990’s (refer previous announcements). | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report