THE DRILL SERGEANT: Kairos Minerals (ASX:KAI) was making noise about a recently concluded geochemical review of recent soil sampling programs and historical drilling data at the company’s 100 per cent-owned Mt York lithium-gold project in the Pilbara region of Western Australia.
The review, conducted by Dr Nigel Brand of Geochemical Services in collaboration with the Kairos technical team, highlighted numerous gold and lithium-tantalum targets and major extensions to the Old Faithful, Iron Stirrup, Main Hill, Breccia Hill and Zakanaka South gold deposits.
The results also provided several extensive, previously unrecognised and unexplored gold-bearing anomalous trends as high priority drill targets.
The results arrived just as Kairos prepares to start drilling at Mt York with drilling scheduled to continue into 2017.
“The continued focus by Kairos’ technical team on advancing Mt York with a methodical, multi-disciplinary approach, has again delivered exceptional gold and lithium targets in the lead up to our maiden drill program in the Pilbara,” Kairos Minerals managing director Joshua Wellisch said in the company’s announcement to the Australian Securities Exchange.
“Expanding our known gold JORC resource and drilling the new high priority gold and lithium targets will be the focus of the imminent drilling program.
“The company has planned to continue the drilling at Mt York throughout 2017.
“The recent results will be key to unlocking the controls on mineralisation in the area, ensuring efficient exploitation of the regions mineral wealth and ultimately maximising returns to our shareholders.
“We look forward to commencing the drilling programme and providing further positive results.”
Kairos recently reported an Indicated and Inferred Mineral Resource estimate for the Iron Stirrup deposit of 714,000 tonnes at 1.99 grams per tonne gold for 45,000 ounces of contained gold and an Indicated and Inferred Mineral Resource estimate for the Old Faithful deposit of 2.069 million tonnes at 1.37g/t gold for 90,000 ounces of contained gold.
These relatively shallow resources, total 135,000 ounces of gold.