- Kairos Minerals (KAI) gets more encouraging results from the Mt York deposit within WA’s Pilbara region
- Kairos is particularly pleased with one hole which has returned ‘exceptional’, near surface results and increases its confidence in the project’s potential to deliver high-grade ore
- Assays are pending for 28 holes and mining studies are expected to commence for the Mt York deposit
- Company shares are up 7.14 per cent to trade at 3 cents
Kairos Minerals (KAI) has received more encouraging results from drilling at its Pilbara gold project in Western Australia.
The fresh results come from the Mt York deposit where 49 holes, for 8555 metres, were completed.
Best assays include 20 metres at 1.58 grams of gold per tonne (g/t) from 28 metres including four metres at 4.42g/t gold from 44 metres in KMYC141 and 12 metres at 1.73g/t gold from 132 metres including four metres at 2.89g/t gold from 136 metres in KMYC142.
Kairos was particularly pleased with hole KMYC141 due to the ‘exceptional’, near-surface results at the eastern end of the historical Breccia Hill open pit. This increases the company’s confidence in the project’s potential to deliver high-grade ore.
The 95-hole reverse circulation drilling program comprised 15,000 metres over seven deposits within the Pilbara gold project and successfully identified new high-grade lodes as well as thick and shallow gold mineralisation in areas that have seen minimal drilling.
Assays are pending for 28 holes, and the company is preparing to begin an aircore drilling program and survey work at the Kangan project near Port Hedland. Kairos will also undertake mining studies for Mt York.
Company shares were up 7.14 per cent to trade at 3 cents at 11:35 am AEDT.