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Kairos Minerals Ltd.
Summary
| Project: | Mt York | |
|---|---|---|
| Deposit: | Mt York | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 5/29/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 29-5-2017: 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 Limited (ASX: KAI; Kairos or the Company) is pleased to | |
| 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 Limited (ASX: KAI; Kairos or the Company) is pleased to advise that is preparing to commence the next phase of exploration at its 100%-owned Mt York GoldLithium Project after receiving all final and outstanding analytical results from its maiden drilling campaign, completed earlier this year. In conjunction with an ongoing review of the Lithium-Cesium- Tantalum Pegmatite (LCT) potential at Mt York, which is located approximately 120km south of Port Hedland, immediately adjacent to the world-class Pilgangoora Lithium-Tantalum Projects (both currently under development). The Company is also planning the next stage of exploration across its extensive and high quality lithium portfolio in the East Pilbara region. The Mt York Project was acquired in early 2016 as part of a new growth strategy focusing on the Australian lithium and gold sector. In addition to evaluating the lithium potential, Kairos recognised an opportunity to quickly establish a high-quality gold asset at the project. Within six months of finalising the acquisition, the Company successfully defined an Indicated and Inferred JORC 2012 compliant gold resource totalling 5.692Mt @ 1.42 g/t gold for 258,000 ounces of contained gold, which provided the catalyst for rapid and focused ongoing gold exploration. The Company’s maiden drilling program commenced at Mt. York at the end of September 2016 and was designed to test for extensions to the known gold deposits and to provide a first-pass evaluation of several “virgin” gold-in-soil geochemical anomalies in order to rapidly expand the existing mineral inventory | |
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