Kairos lands just short of doubling Mt York Resource

THE DRILL SERGEANT: Kairos Minerals (ASX: KAI) has increased the Indicated and Inferred gold resource at the company’s 100 per cent-owned Mt York lithium-gold project, located southeast of Port Hedland in Western Australia.

The company has almost doubled the Resource taking it to:

5.692 million tonnes at 1.42 grams per tonne gold for 258,000 ounces of gold.

The Resource comprises previously announced Indicated and Inferred Resources at Iron Stirrup of 714,000 tonnes at 1.99g/t gold for 45,000 ounces of gold and Old Faithful of 2.069 million tonnes at 1.37g/t gold for 90,000 ounces of gold.
 
The addition comes from recently completed Indicated and Inferred Resources at Main Hill of 1.641 million tonnes at 1.26g/t gold for 66,000 ounces of gold and Breccia Hill of 1.269 million tonnes at 1.4g/t gold for 57,000 ounces of gold.

A Resource estimate for the Zakanaka deposit is incomplete due to insufficient historical data, although Kairos indicated it remains a high priority exploration target.

“The Resource estimate is the result of Kairos’ ongoing review of the gold potential at Mt York,” the company said in its ASX announcement.

“The updated Mineral Resource was independently estimated by Auralia Mining Consulting Pty Ltd as part of a geological review and reinterpretation of the extensive historical database for the project.

“This work has been aimed at updating and re-estimating the resource estimates that were in place when Kairos acquired the Mt York Project earlier this year.”

Website: www.kairosminerals.com.au