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Kairos Minerals Ltd.
Summary
| Project: | Mt York | |
|---|---|---|
| Deposit: | Mt York | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/19/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 19-12-2016: Kairos Minerals Ltd. announces an Exploration/Drilling Update report for its Mt York deposit at the Mt York project. Drilling results incl. 25.38m @ 0.76g/t Au from 20m. Kairos Minerals Ltd (ASX: KAI) is pleased to advise that its maiden gold- | |
| 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 advise that its maiden gold-focused drilling program at the 100%-owned Mt York Lithium-Gold Project in the Pilgangoora district of the Pilbara region of Western Australia (Figure 1) has been completed for an aggregate of 5,242m of drilling. Further encouraging results have been received, however assays are awaited for the majority of the holes. Kairos recently reported an upgraded JORC 2012 Indicated and Inferred Mineral Resource estimate of the Mt York Project of 5.692Mt at 1.42g/t Au for 258,000 contained ounces (see ASX Announcement – 5 October 2016). The Company’s maiden drilling program commenced at Mt York at the end of September (see ASX Announcement – 29 September 2016) with a focus on evaluating the broader gold potential of the Project. First round targets included both near-mine “brownfields” and previously untested “greenfields” positions with a view to rapidly expanding the Project’s existing gold resources. The Company has now completed 13 RC holes and 15 diamond drill holes for a combined total of 5,242m at the Mount York Project (refer to Figures 2-8 and Tables 1-7). Assay results have so far been received for diamond holes KMDY001, KMYD002, KMYD003 and KMYD004. Preliminary assays have also been received for RC holes KMYC001, KMYC002, KMYC003 and KMYC004 with final multi-element analyses pending. | |
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