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- Kairos Minerals (KAI) records wide and consistent gold intersections below the current resource at its Mt York project in Western Australia
- Assay results for 33 of 46 drill holes completed between September and December last year have returned grades of between 0.5 and 4.25 grams per tonne (g/t) gold
- The company believes the results to date, coupled with bulk density measurements of selected core samples, will support a “significant increase” in the project’s resource
- As the company works to increase its inventory, it has begun preparing for project development by submitting mining lease applications
- Shares in Kairos Minerals are up 14.29 per cent, trading at 2.4 cents at 2:20 pm AEDT
Kairos Minerals (KAI) has recorded wide and consistent gold intersections below the current resource at its Mt York project in Western Australia.
Assay results for 33 of 46 drill holes completed between September and December last year have returned grades between 0.5 and 4.25 grams per tonne (g/t) of gold over intersections between seven and 80 metres.
Kairos highlighted a top result of five metres at 4.25 g/t gold from Gossan Hill, as well as seven metres at 3.35 g/t gold and eight metres at 3.67 g/t from Breccia Hill.
This round of work tested extensions of mineralisation beneath historic drilling as well as areas with low-confidence resources along the Main Trend.
The company said the results to date, coupled with bulk density measurements of selected core samples, could support a “significant increase” in the project’s mineral resource estimate.
Additionally, Managing Director Peter Turner said the results supported the company’s view that Mt York was a “big system” in a tier-one location with consistent mineralisation.
As the company works to increase its inventory, it has begun preparing for project development by submitting mining lease applications.
Meanwhile, assay results for the remaining 13 drill holes from 2022 are pending and expected in March.
Shares in Kairos Minerals were up 14.29 per cent and trading at 2.4 cents at 2:20 pm AEDT.
