Kairos Minerals

Drilling Update at Mt York, Pilbara WA

First hole intercepts pegmatite at Lucky Sump Prospect plus wide zones of silicification-sulphide hit in core drilling to extend resource

Kairos Minerals (ASX:KAI) owns 100% of the flagship 1.1 Mozs Mt York Gold Project that was partially mined by Lynas Gold NL between 1994 and 1998. Pre-feasibility work is progressing rapidly underpinned by a +20,000m diamond and RC drilling campaign to collect important information for further resource expansion, metallurgical testwork, mining and process engineering to determine viability and optimal pathway to develop a sustainable, long-lived mining project. Current resources at a 0.7 g/t Au cutoff grade are shown in the table below.


Highlights Lucky Sump

 
  • First hole drilled at Lucky Sump (KMY216) intercepted 5m of pegmatite; Assays pending
  • Pegmatite intervals of 2-3m drilled in two other holes at Lucky Sump
  • In light of these results, further RC holes are being planned at Lucky Sump and at Zakanaka, 2km north of Lucky Sump
  • RC samples will be sent for multi-element analysis to determine lithium grade and Hylogger-3 for mineralogy
 

Highlights Mt York Gold Project

  • Sulphide zones intercepted in all diamond drill holes, extending and expanding interpreted mineralised zones
  • Spectacular wide and significant sulphide-silicified zones drilled outside of current resource envelope at Main Hill (KMYD070)
  • Nine dimond holes for 2,844m completed in the 89-hole programme
  • Core cutting and sample preparation to begin this month
Kairos Managing Director, Dr Peter Turner said: We have made a highly promising start to our first lithium drilling programme, successfully intersecting pegmatites at Lucky Sump. We eagerly await both the mineralogical assessment and laboratory analyses of the samples. New planned holes at Lucky Sump and Zakanaka will be drilled upon receipt of the lithium assays from the initial programme.

“At our flagship Mt York Gold Project, drilling has intersected spectacularly wide silicified- sulphide zones within the mine stratigraphy in both hangingwall and footwall positions to the main mineralised banded iron formation.

“We expect to continue seeing very thick sulphide-silicified zones known to be associated with mineralisation outside the current resource estimate as we have just seen in hole KMYD070, because this deposit is very much untested by drilling.

“We feel extremely confident that our targeting strategy based on 3D modelling and structural interpretation will extend the mineralisation significantly beyond the current 1.1 Mozs resource in preparation for the prefeasibility study”.


Click here for the full ASX Release

This article includes content from Kairos Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

KAI:AU
The Conversation (0)
Gold bar on nuggets with "5 Top Australian Mining Stocks" text overlay.

Top 5 Australian Mining Stocks This Week: Yandal Shares Double on Arrakis Drilling Results

Welcome to the Investing News Network's weekly round-up of Australia’s top-performing mining stocks on the ASX, starting with news in Australia's resource sector.

This week's top-performing stocks list is dominated by oil and gas companies, alongside gold and lithium companies.

In Australian mining news, the Fair Work Commission ruled that BHP (ASX:BHP,NYSE:BHP,LSE:BHP) must raise the wages of 2,200 workers at three coal mines in Queensland. The workers in question were employed indirectly through a hiring firm and were being paid significantly less than their peers working directly under BHP.

The case was brought by two worker's unions and based on the Same Job, Same Pay reforms made by the government last year. To align wages, the FWC ruled BHP must raise the labour hire employees' wages by AU$30,000 each.

Keep reading...Show less
Pilbara region, Western Australia, Australia.

Pilbara 2.0: Inside Australia’s Newest Gold Frontier

The Central Pilbara region of Western Australia is undergoing a quiet revolution that is rapidly reshaping the global gold exploration landscape.

Once dismissed as a technically challenging and geologically inconsistent terrain, Pilbara is now emerging as one of the world’s most exciting new gold frontiers and drawing serious attention from institutional investors, driven by transformative discoveries, a maturing geological model and a wave of junior explorers tapping into underexplored intrusive-hosted systems.

Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

Keep reading...Show less
A mining truck within the outline of Australia's map on a clear day.

Is Australia on the Brink of a New Mining Super Cycle?

Mining remains as a cornerstone of Australia’s GDP and export earnings, but current global challenges such as trade disputes and price changes may be straining its foundations.

A recent FocusEconomics report tackled Australia’s resource wealth, tracing from the gold rushes of the 1850s to the iron ore and coal booms of the 21st century.

Keep reading...Show less
Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

 
  •   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  
  •  
  •   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  
  •  
  •   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  
  •  

 

 Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from these holes continue to strengthen the Company's understanding of the key structural controls that define this prospective target area.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×