Kairos Minerals

Strong Start To Gold And Lithium Drilling, Highly Promising Results From Drilling Outside 1.1Moz Gold Resource

Large drilling programs ongoing for lithium and gold

Kairos Minerals Ltd (ASX: KAI) Managing Director, Dr Peter Turner said: “We are moving quickly to continue growing the 1.1Moz Resource at Mt York, with drilling now underway and the mineralisation open in every direction. We are also ramping up lithium exploration with drilling at Lucky Sump and other activity at Roe Hills and Croydon, where we have lithium soil anomalies of considerable scale and tenor”.


Mt York Project, Pilbara

  • Mt York Gold Project mineral resource estimate grew by 26% to 1,104,000 oz Au (0.7 g/t Au cutoff); Resource increases to 1,329,000 oz Au at a 0.5 g/t Au lower cut-off
  • Initial mining and pit optimisation work indicates a single, 3,000m long pit shell at Main Trend that bottoms-out on drilling
  • Technical team focussed on further, significant resource growth at Mt York with step-out drilling programme underway
  • Spodumene-bearing pegmatite samples grading up to 1.91% Li2O discovered at Lucky Sump Prospect
  • 5m of pegmatite intersected in hole KMYC216 under Lucky Sump lithium prospect – mineralogical and assay results pending
  • Exploration Camp under construction

Croydon Project, Pilbara

  • Major lithium and gold anomalies identified

Roe Hills Project, WA Goldfields

  • Black Cat lithium anomaly, 10km south of Manna Li-Ta resource, cleared for drilling

Cash

  • Strong cash position of $5.8m at 30 September 2022

Mt YORK GOLD PROJECT, PILBARA (KAI: 100%)

A technical review completed early in the quarter concluded that the Mt York Gold Project is a large gold system that is very much under-drilled. The mineralisation is currently 3,000m in length (Main Trend), is continuous and open in all directions (particualry below the current pit shells) making the deposit a valuable asset for Kairos. The review found the deposit was constrained only by drilling within the individual deposits and at depth, not by geological or mineralisation factors meaning that its resource potential (tonnes and grade) will only be known once more drilling is completed.

The review also found several subtle plunges of high-grade shoots which were either plunging shallowly to the east, or steeply to the east.

Structural and lithological mapping by CSA Global’s Dr Peter Neumayr was undertaken during the quarter to try to answer questions on the reasons for the likely plunge orientations in determining the best targets for future drilling. The CSA Global report is awaited.

The technical review was announced to the market on 4 July 2022 and was led by Kairos’s newly appointed MD Dr Peter Turner (appointment date of 23 May 2022) who has over 27 years of reviewing gold projects worldwide.

On 30 August 2022, Kairos announced a new JORC-compliant Mineral Resource Estimate totalling 28.01 MT @ 1.23 g/t Au for 1,104,000 ounces (comprising Indicated Resources of 13.93 Mt at 1.3 g/t for 581,000oz and Inferred Resources of 14.08 Mt at 1.15 g/t for 523,000oz) from a previous resource estimated in 2020 of 20.9Mt at 1.30g/t Au for 873,500 ounces (comprising Indicated Resources of 8.5Mt at 1.33g/t for 366,000oz and Inferred Resources of 12.3Mt at 1.28g/t for 507,500oz). The new mineral resource estimate represents a 26% increase in contained gold at about the same grade. The technical team are targeting further increases to the resource with the drilling that is currently underway.


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)
Kairos Minerals

Kairos Minerals

Developing Highly Prospective Gold Projects in a World-Class Gold District

Developing Highly Prospective Gold Projects in a World-Class Gold District Keep Reading...
Flow Metals to Acquire the Monster IOCG Project in Yukon

Flow Metals to Acquire the Monster IOCG Project in Yukon

Flow Metals Corp. (CSE: FWM) ("Flow Metals" or the "Company") is pleased to report that it has entered into an option agreement dated February 9, 2026 (the "Option Agreement") with Go Metals Corp. ("Go Metals") to acquire the Monster IOCG project (the "Monster Project"), located approximately 90... Keep Reading...
Investor Presentation

Investor Presentation

Aurum Resources (AUE:AU) has announced Investor PresentationDownload the PDF here. Keep Reading...
Dr. Adam Trexler: Physical Gold Market Broken, Crisis Unfolding Now

Dr. Adam Trexler: Physical Gold Market Broken, Crisis Unfolding Now

Dr. Adam Trexler, founder and president of Valaurum, shares his thoughts on gold, identifying a key issue he sees developing in the physical market. "There's a crisis in the physical gold market," he said, explaining that sector participants need to figure out how to serve investors who want to... Keep Reading...
Gold cube labeled "buy" and "sell," stock chart in background.

Trevor Hall: Bull Markets Don’t Always Mean Big Returns

Clear Commodity Network CEO and Mining Stock Daily host Trevor Hall opened his talk at the Vancouver Resource Investment Conference (VRIC) with a strong message: It is still possible to go broke in a bull market.“I want to start with the simple but uncomfortable truth: most investors don't lose... Keep Reading...
Miner inspecting ore rocks on a conveyor in New South Wales, Australia.

How Near-term Production is Changing the Junior Gold Exploration Model

Junior gold companies have traditionally been defined by exploration: identifying prospective ground, drilling to delineate a resource and, ideally, monetising that discovery through a sale or joint venture with a larger producer. While this model has delivered success in the past, changing... Keep Reading...
Sunset view to railway carriages for transportation of bauxite ore on train tracks

Gold Exploration in Guinea: An Emerging Opportunity in West Africa

While much of West Africa’s gold exploration spotlight has historically fallen on countries like Ghana and Mali, Guinea is increasingly emerging as a quiet outlier — a country with proven gold endowment, expansive underexplored terrain and a growing number of active exploration programs. Despite... Keep Reading...

Interactive Chart

Latest Press Releases

Related News