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Kairos Minerals Ltd.
Summary
| Project: | Mt York | |
|---|---|---|
| Deposit: | Mt York | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/18/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 18-12-2017: Kairos Minerals Ltd. announces an Exploration/Drilling Update report for its Mt York deposit at the Mt York project. Drilling results incl. 4m @ 4.87g/t Au from 4m. Kairos Executive Chairman Terry Topping said: “This drilling program has deliv | |
| 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 Executive Chairman Terry Topping said: “This drilling program has delivered an exceptional outcome for Kairos, confirming that the continuity of gold mineralisation to the east of the existing Breccia Hill resource and highlighting the outstanding exploration potential within the Banded Iron Formation that extends over a current identified strike length of 3.5km. “These drilling results will underpin an updated Mineral Resource estimate for the Mt York Project, which we expect to deliver in the first quarter of the New Year. In addition, we are also planning to undertake further drilling along untested portions of the identified BIF horizon at Mt York, which we believe offers significant potential to further extend the gold mineralisation.” Kairos Minerals Ltd (ASX: KAI) is pleased to report final assay results from the recently completed ~2,600m Reverse Circulation (RC) drilling program at its 100%-owned Mt York Gold-Lithium Project in the Pilbara region of WA (Figure 1). Results have now been received for all 21 holes completed in the drilling program, with assays for the final eight holes further enhancing the exceptional initial results announced on 30th November (see ASX Release, 30 November 2017: “Outstanding drill results confirm significantly larger gold system at Mt York”) and 4th December (see ASX Release, 4 December 2017: “Exceptional new high-grade results expand potential at Mt York”). The latest assays provide further confirmation of the continuity and predictability of the targeted BIF sequence, which has been mapped over a current strike extent of 3.5km, but which could potentially extend over a much greater area. | |
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