Kairos Minerals Kicks Off Mt York Drilling

THE DRILL SERGEANT: Kairos Minerals (ASX: KAI) has a program of Reverse Circulation (RC) drilling underway at the company’s 100 per cent-owned Pilbara gold project in Western Australia.

Kairos Minerals explained the program marks the final phase of the company’s 2020 field program before the onset of the northern-Australian Wet Season.

The current drilling program is focused on the Old Faithful deposit at the Mt York project, targeting extensions to the current Resource as well as high-grade zones within the deposit, with the aim of upgrading the current Unclassified, Inferred and Indicated Resources into higher-confidence categories.

Approximately 14 holes are expected to be drilled, with the aim of testing some of the targets generated by the recently-completed SAM survey, as well as testing extensions to the known mineralisation both at depth and along strike.

“Our recent SAM survey has delivered a number of compelling targets at Old Faithful, which we will start testing over the next two weeks,” Kairos Minerals executive chairman Terry Topping said in the company’s announcement to the Australian Securities Exchange.

“In addition, we will be looking to extend and upgrade the existing 89,400 ounces Old Faithful Resource and target additional high-grade zones within the deposit.

“We’re also looking forward to shortly receiving assay results from recent exploration programs at the Skywell and Croydon projects, which will help our drill targeting for 2021.”

The current Mineral Resource at Old Faithful is 2 million tonnes at 1.37 grams per tonne gold for 89,400 ounces, limited to a maximum vertical depth of 140 metres.

The Old Faithful deposit is part of the larger Pilbara gold project, which has total Resources of 20.9 million tonnes at 1.3g/t gold for 873,500 ounces – including the Iron Stirrup and Mt York deposits.



Web: www.kairosminerals.com.au