Highlights Potential To Delineate Oxide Resources in active mining region
Kairos Minerals Ltd (ASX: KAI) has significant wide zones of shallow mineralisation intersected at the Caliburn prospect in its recently completed Reverse Circulation (RC) drilling programme at the 100%-owned Roe Hills Project, located east of Kalgoorlie in Western Australia.
The drill programme comprised 20 holes for a total of 2,992m testing high-priority gold and nickel targets at the Caliburn, Talc Lake and Black Cat prospects.
The Caliburn Prospect is located towards the southern end of the Roe Hills Project tenure, just north of Talc Lake and about 5km south-southeast of Silver Lake’s French Kiss gold deposit.
Kairos completed 10 holes for 1,149m at the Caliburn prospect. Drilling was carried out along four sections spaced 40m apart with drill holes on three of the sections returning mineralised intercepts.
Significant assay results include:
- 8m @ 1.32g/t Au from 32m, including:
➢ 4m @ 2.29g/t Au from 36m, and
- 8m @ 1.29g/t Au from 56m, including:
➢ 5m @ 1.85g/t Au from 58m
- 15m @ 0.81g/t Au from 44m, including:
➢ 4m @ 2.07g/t Au from 52m, and
- 16m @ 1.27g/t Au from 80m, including:
➢ 4m @ 3.17g/t Au from 84m
- 16m @ 1.36g/t Au from 80m, including:
➢ 4m @ 3.90g/t Au from 92m
Executive Chairman, Terry Topping, said esults from this drilling programme indicate a possible offset of the mineralisation strike with the high-grade shoots remaining open at depth and to the south-west.
“We recently completed ~3,000m of RC drilling at Roe Hills and we’re pleased to report encouraging initial results from composite samples. The key area of focus is the Caliburn prospect, where we intersected wide zones of shallow gold mineralisation. These results have clearly demonstrated the potential to delineate potentially open pittable gold mineralisation at Caliburn,” Mr Topping said.
“Given the proximity of Caliburn just 5km south of Silver Lake Resources’ French Kiss operations, adjacent to a haul road and in the heart of an active mining region, we can make a compelling strategic case to return to this area with further drilling in the near future.
“In the meantime, three-dimensional modelling work has commenced on existing drill data from the Caliburn, Lingering Kiss, Terra and Lady of the Lake prospects to underpin a maiden gold Mineral Resource Estimate. This will give us a good idea of the commercial potential of this project.
“In other areas, the broad sulphide zones intersected at Black Cat have returned interesting gold and zinc results, highlighting a potential VMS signature which requires further evaluation – particularly in light of a nearby soil anomaly. At Talc Lake, we intersected some narrow zones of nickel and copper sulphides with associated cobalt. We will evaluate next steps here after we receive the final 1.-m assay results.”
“In the meantime, our drilling programme at the 873koz Mt York Gold Project in the Pilbara is making great progress with over 10,000m already completed. We look forward to providing updates on our work here and at the Kangan Project in the near future.”
For further information please visit: https://www.kairosminerals.com.au/