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Kairos Minerals Ltd.
Summary
| Project: | Roe Hills | |
|---|---|---|
| Deposit: | Roe 1 | |
| Location: | Australia | |
| Commodities: | Manganese-Nickel-Cobalt | |
| Date: | 7/12/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 12-7-2017: Kairos Minerals Ltd. announces an Exploration/Drilling Update report for its Roe 1 deposit at the Roe Hills project. Drilling results incl. 12m @ 0.20% Co, 0.65% Ni, 0.73% Mn from 11m. Kairos Minerals Ltd (ASX: KAI; “Kairos” or “the Company”) i | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steve Vallance (Internal) | |
| ABSTRACT: | Kairos Minerals Ltd (ASX: KAI; “Kairos” or “the Company”) is pleased to advise that it has intersected a significant zone of shallow cobalt-nickel-manganese oxide mineralisation at its 100%-owned Roe Hills Project, located 120km east-south-east of Kalgoorlie in Western Australia’s Eastern Goldfields (see Figures 1-6), with recent Aircore drilling returning some exceptionally high grades up to 1.36% Cobalt. The results have significantly upgraded the cobalt potential of the Roe Hills Project and will be followed up in the near future with further Aircore drilling, both at the recently drilled ROE-1 prospect and other high-priority cobalt prospects located within the Company’s tenure. The initial phase of Aircore drilling comprising 59 holes for 1,852m was designed to evaluate historical indications of near-surface high-grade cobalt mineralisation associated with a thickened sequence of high MgO serpentinised ultramafic rocks at the ROE-1 Prospect (see Figures 1-4). All assays have now been received for this initial phase of cobalt-focused drilling. The program was highly successful with numerous holes returning significant widths of exceptionally high-grade cobalt-nickel-manganese (Co-Ni-Mn) oxide mineralisation from nearsurface/shallow depths. The drilling has outlined a continuous zone of high-grade cobalt-nickel-manganese mineralisation averaging 8m in thickness and 0.15% cobalt (applying a 0.05% cut-off) over a minimum strike length of 700m, a width of up to 150m and extending from just 2m below surface to a maximum drill intersection depth of 43m | |
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