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Kairos Minerals Ltd.
Summary
| Project: | Pilbara | |
|---|---|---|
| Deposit: | Mt York, Gossan Hill | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/2/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 2-10-2018: Kairos Minerals Ltd. announces an Exploration/Drilling Update report for its Mt York, Gossan Hill deposit at the Pilbara project. Drilling results incl. 72.0m @ 1.0g/t Au from 3m. Kairos Executive Chairman Terry Topping said: “The recent follow | |
| Resources: | (Resource, I+I): 14.415Mt @ 1.39g/t Au for 643Koz Au contained | |
| CP/QP: | [Overall Report]: Steve Vallance, Terry Topping (Internal) | |
| ABSTRACT: | Kairos Executive Chairman Terry Topping said: “The recent follow-up drilling program at the Pilbara Gold Project has been hugely successful, building on the landmark 643,000oz resource upgrade we delivered earlier this year and clearly showing that this project has considerable upside. Importantly, we have confirmed the potential for significant extensions of the 486,000oz Mt York deposit – which has now been extended to a strike length of over 3.8km.” “At the same time, we have successfully in-filled parts of the previously announced resource, and highlighted the potential for significantly higher grade shoots within the wider mineralised envelope – an important development for the future economics of the project. “Other positive developments include a significant flattening of the mineralised sequence at Gossan Hill, which significantly increases the tonnes per vertical metre in this area and enhances the future open pit mining potential. Wide zones of continuous mineralisation have also been confirmed from the floor of the historical Breccia Hill East pit. “All of these attributes bode well for the future economics of any mining development at Mt York, while our recent drill campaign has opened up a number of new target areas including a significant zone of conglomerate-hosted gold mineralisation adjacent to Gossan Hill and in wide-spaced drilling over a 500m strike length east of Golden Gully. This project is rapidly emerging as a significant asset for Kairos alongside our extensive conglomerate gold interests at the Croydon Project, where a major new phase of exploration is currently underway.” | |
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