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- Kairos Minerals (KAI) defines an exploration target at its Mt York Project in Western Australia
- The exploration target has been defined at approximately 4.4 million to 7.4 million tonnes at a grade ranging between 1.5 to 1.8 g/t gold
- Defining this target is an important step towards showing the potential of Mt York
- Kairos currently has a major 20,000-metre drilling program targeting the exploration target areas
- Kairos is up 5.88 per cent and is trading at 3.6 cents per share at 10:49 am AEST
Kairos Minerals (KAI) has defined an exploration target highlighting strong potential at its Mt York Project in Western Australia.
The exploration target has been defined at approximately 4.4 to 7.4 million tonnes at a grade ranging between 1.5 to 1.8 g/t of gold.
Defining this target is an important step towards quantifying the potential at the project.
Notably, this target is in addition to the current JORC-compliant mineral resource for the Mt York Project of 20.9 million tonnes at 1.3g/t of gold for 873,500 ounces of contained gold.
Kairos currently has a major 20,000-metre drilling program targeting the exploration target areas.
Additionally, a geochemical soil sampling program is also underway to provide targets with the potential for additional discoveries within the Mt York Project area.
“Results from the current drill program will feed into an updated Mineral Resource for Mount York which we are aiming to complete later this year,” Executive Chairman Terry Topping said.
“Against the backdrop of a buoyant gold price and strong outlook for the gold
the sector generally, the large-scale, high-quality resource base we have at Mount York provides a strong foundation for Kairos’ value proposition — particularly given its tier-1 location and high-quality portfolio of exploration opportunities.”
On the market this morning, Kairos is up 5.88 per cent and is trading at 3.6 cents per share at 10:49 am AEST.
