For thousands of other reports visit RSC's Mineral Intellingence Map
Kairos Minerals Ltd.
Summary
| Project: | Mt York | |
|---|---|---|
| Deposit: | Mt York | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 10/5/2016 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-10-2016: Kairos Minerals Ltd. announces a Resource Estimation report for its Mt York deposit at the Mt York project. Updated resource estimate, resource almost doubles from last estimate. Kairos Minerals (ASX: KAI) is pleased to advise that the Indicate | |
| Resources: | (Resource, I+I): 5.692Mt @ 1.42g/t Au for 258Koz Au contained at Mt York | |
| CP/QP: | [Resources]: Christopher Speedy (Auralia Mining Consulting Pty Ltd.) | |
| ABSTRACT: | Kairos Minerals (ASX: KAI) is pleased to advise that the Indicated and Inferred gold resource at its 100 per cent-owned Mt York Lithium-Gold Project, located 120km southeast of Port Hedland in WA’s East Pilbara region, has almost doubled to 5.692 million tonnes grading 1.42 g/t for a total of 258,000oz (Refer to detailed resource tables below). The strong result comes less than two months after Kairos announced its Phase 1 JORC 2012 compliant Mineral Resource estimate for Mt York comprising Indicated and Inferred Resources of 2.8 million tonnes grading 1.53g/t Au for 135,000oz (see ASX release dated August 1, 2016). The increased Phase 2 Resource follows the re-assessment of the existing resources at the Main Hill and Breccia Hill deposits, adding to the previously announced Resources at the Iron Stirrup and Old Faithful prospects. The total JORC 2012 Mineral Resource estimate for the Mt York Project, encompassing the Iron Stirrup, Old Faithful, Breccia Hill and Main Hill deposits and reported using a 0.5g/t gold cut-off grade, is set out in Table 1 below and deposit locations in Figure 3. The Resource estimate is the result of Kairos’ ongoing review of the gold potential at Mt York. The updated Mineral Resource was independently estimated by Auralia Mining Consulting Pty Ltd as part of a geological review and reinterpretation of the extensive historical database for the project. This work has been aimed at updating and reestimating the resource estimates that were in place when Kairos acquired the Mt York Project earlier this year. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report