Kairos Minerals (ASX:KAI) first hole has intercepted pegmatite at Lucky Sump Prospect in Western Australia’s Pilbara Region.
Highlights – Lucky Sump
• First hole drilled at Lucky Sump (KMY216) intercepted 5.0m of pegmatite; Assays pending
• Pegmatite intervals of two to three metre 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 diamond holes for 2,844m completed in the 89-hole programme
• Core cutting and sample preparation to begin this month
“We have made a highly promising start to our first lithium drilling programme, successfully intersecting pegmatites at Lucky Sump,” Managing Director, Dr Peter Turner, said.
“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 hanging-wall 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.”
Drilling has been designed to test new areas of the resource where the Kairos technical team have targeted extensions of the resource outside of the current model. From this perspective, the initial drilling has been extremely successful.
Drilling to date has tested positions along much of the 3,000m strike length of the Main Trend mineralisation. The deposit has not been drilled effectively in the past and this new core is providing valuable data that will not only be used to update the new resource estimate but will be used for metallurgical testwork as part of the pre-feasibility work.
For further information please visit: https://www.kairosminerals.com.au/
