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Kairos Minerals Ltd.
Summary
| Project: | Roe Hills | |
|---|---|---|
| Deposit: | Roe 1 | |
| Location: | Australia | |
| Commodities: | Gold-Nickel-Cobalt | |
| Date: | 3/14/2017 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 14-3-2017: Kairos Minerals Ltd. announces an Exploration/Drilling Update report for its Roe 1 deposit at the Roe Hills project. Reassessed historical results incl. 14m @ 0.39% Co from 20m. Kairos Minerals Ltd (ASX: KAI; “Kairos” or “the Company”) is pleas | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Steve Vallance (Internal) | |
| ABSTRACT: | Kairos Minerals Ltd (ASX: KAI; “Kairos” or “the Company”) is pleased to advise that a recent review of historical drill data from the Company’s 100%-owned Roe Hills Project, located 120km eastsouth-east of Kalgoorlie in Western Australia (see Figure 1), has highlighted the potential for significant cobalt mineralisation at the Roe 1 prospect as well as identifying significant cobalt intercepts from numerous prospects throughout the broader project area. The review was conducted in preparation for the Company’s upcoming drilling program at Roe Hills targeting nickel-copper mineralisation, which is to be underpinned by a co-funding grant of $150,000 under the Western Australian Government’s Exploration Incentive Scheme (EIS). The identification of potentially significant cobalt mineralisation at Roe Hills adds a further dimension to the ongoing exploration of this emerging project area, which is also highly prospective for nickel - copper sulphide mineralisation. As previously announced, Kairos has recently completed its maiden ~4,000m RC and diamond drilling program at Roe Hills evaluating the gold potential of the project. Significant gold results have already been reported from the ‘Terra Trend’ and ‘Lady of the Lake’ prospects, with a large number of assays still outstanding and expected over the coming weeks. | |
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