ASX:KAI

Further High-Grade Gold Zones Intersected At Mt York

Latest assay results define a thick zone of shallow gold mineralisation at the eastern end of the historical Breccia Hill pit highlighting significant growth potential at Mt York.

Kairos Minerals Ltd (ASX: KAI; "Kairos" or "the Company") is pleased to report further highly encouraging assay results from Reverse Circulation (RC) drilling at its 100%-owned Pilbara Gold Project in WA with the latest assay results continuing to demonstrate the substantial upside and growth potential at the 873,500oz Mt York Deposit.


Highlights

  • Further significant assay results received from Reverse Circulation (RC) drilling at the 873,500oz Mt York Gold Project in the Pilbara Region of WA.
  • Latest results have identified new high-grade lodes and thick shallow gold mineralisation in areas with minimal drilling. Best new intercepts include:
    • 20m @ 1.58g/t Au from 28m in KMYC141,including:
      • 4m @ 4.42g/t Au from44m.
    • 12m @ 1.73g/t Au from 132m in KMYC142,including:
      • 4m @ 2.89g/t Au from136m.
    • 4m @ 3.38g/t Au from 68m inKMYC140.
    • 4m @ 2.51g/t Au from 96m inKMYC139.
  • Thick zone of shallow mineralisation intersected at the eastern end of the Breccia Hill pit, with assays of up to 4.42g/tAu.
  • Assay results pending for 28 drill holes, with several single-metre samples already in the laboratory awaiting analysis.
  • Mining studies advancing and diamond drilling program planned for early next year.
  • RC drilling program now completed for the year at the 873,500oz Mt York Gold Project with a total of 95 holes drilled for14,988m.

The Company has now completed its major RC drill program at Mt York for the 2021 field season with a total of 95 drill-holes completed for 14,988m.

A track-mounted rig returned to the project in late October to follow up on results received from previously drilled holes. This specialised equipment was required to access complex locations, and eight drill holes were drilled to depths of up to 310m to test deeper extensions of the mineralisation down-dip.

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.

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