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Kairos Minerals Ltd.
Summary
| Project: | Mt York | |
|---|---|---|
| Deposit: | Mt York | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 12/4/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 4-12-2017: Kairos Minerals Ltd. announces an Exploration/Drilling Update report for its Mt York deposit at the Mt York project. Drilling results incl. 11m @ 6.97g/t Au from 112m. Kairos Executive Chairman Terry Topping said: “These latest results are real | |
| 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: “These latest results are really impressive and add further weight to the breakthrough discovery which we reported at Mt York last week. Assays for the next five holes include some standout thick intercepts of high-grade gold mineralisation, notably an 11m zone in hole KMYC020 averaging nearly 7g/t with internal grades of up to 49g/t. The new holes all match up extremely well with the first batch of results reported last week, confirming the continuity and predictability of mineralisation immediately east of the existing Breccia Hill resource towards Gossan Hill.” “We’re achieving these fantastic results in an area where the aeromagnetic signature over the BIF is almost nonexistent. That seems to reflect increased alteration intensity and could give us a targeting tool for testing further along strike. We know that the BIF is at least 3.5km long but it’s potentially twice that and is essentially unexplored beyond our latest drilling. “With an existing Gold Resource inventory of a quarter of a million ounces, Mt York was already a significant asset for Kairos. As a result of the recent drilling, we have now identified a clear pathway to rapidly grow this Resource, initially by incorporating the outstanding results immediately along strike from Main Hill-Breccia Hill. Follow-up drilling along the BIF horizon at Mt York is now a priority for us next year, although we believe we already have sufficient data to recalculate the existing Resource in early 2018.” | |
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