Soil And Rock Chip Sampling Unveils High-Priority Greenfields Targets
Kairos Minerals Ltd (ASX: KAI) has received positive results from recently completed first-stage geochemistry sampling programme at its 100%-owned Mt York Project in Western Australia.
Executive Chairman, Terry Topping, said the results have identified several new high-priority targets for drill testing.
A total of 2,541 soil samples were collected at 100m x 50m spacing and submitted to Intertek Laboratories in Perth for gold and multi-element analysis, with all assay results now received.
A further 175 rock chip samples were also collected and submitted to Intertek Laboratories for gold and multi-element analysis, with results received for 114 rock chip samples to date.
The rock chip sampling program is ongoing, with additional samples being collected to follow-up on previous results and to continue the geological mapping programme.
This first-stage geochemistry sampling program has generated several new targets, with drill testing of priority targets scheduled to commence next month.
“This is a very positive start to our geochemical sampling program at Mt York, with a number of new, high-quality greenfields drill targets defined that provide further evidence of the considerable exploration upside we have been uncovering,” Mr Topping said.
“As announced recently, assays from recent drilling have revealed significant new areas of mineralisation outside of the existing 873,500oz Resource base at Mt York, and now geochemical sampling has identified a completely new generation of targets.
“We’re preparing to resume drilling next month to test several of the key targets to provide a clearer insight into the potential for new discoveries that could add significantly to the scale and potential of the Mt York Project.
“We are still awaiting a large number of assays from the recently completed initial phase of RC drilling and, with drilling set to resume shortly and assays expected to continue to flow in in the coming weeks, we are looking forward to a really active news-flow schedule through to the end of the year.”
Old Faithful Southeast
New Target Area approximately 500m south-east of the Old Faithful deposit, rock chip sample MYR101 returned an assay of 1.1g/t of gold within a broader area with elevated arsenic in soils.
Elevated arsenic in soils is correlated to gold mineralisation confirmed by drilling at both the Old Faithful and Mt York deposits. There has been no historical drilling within Kairos’ tenure in this area, however historical exploration approximately 1.5km to the north recorded 2m @ 1.91g/t Au from RC hole LFRC2 and 4.1g/t Au from a channel sample located outside the Mt York Project area, but within the same geological unit.
Darius Prospect
Approximately 1km south of the Iron Stirrup deposit, soil sample MYS2027 returned 5,389ppb of gold, the highest gold result returned from the current geochemistry program at the Mt York project to date. Within this area, historical RC drill hole DSRC77 recorded 17m @ 0.63g/t Au from 36m, including 2m @ 1.31g/t Au from 49m. Kairos has prepared three drill pads at the Darius Prospect for the next phase RC drilling.
Other significant results
Zakanaka Prospect: Soil samples collected 38m east of the current drilling programme area returned 497ppb Au and 222ppm As. A follow up in-fill soil sampling programme is planned.
Gilt Dragon Prospect: Coherent and robust gold-arsenic anomalies returned from soil and rock chip samples from an area to the south of the Gilt Dragon prospect. Approximately 250m west of the previously drilled area, rock chip sample MYR056 returned 1,598ppm arsenic.
Follow-up exploration is planned for this prospect area, including an in-fill and extension soil sampling programme, rock chip sampling and mapping. In addition, Kairos has surveyed and cleared five pads for RC drilling to be conducted in the next phase of the drilling programme.
Old Faithful South Extension: ~1km long anomaly associated with elevated arsenic-in-soils was defined to the south of the Old Faithful deposit, with peaks of 992ppm arsenic and 1,104ppb gold. Three drill holes are planned to test these anomalies in the next phase of the drilling programme.
Green Creek Prospect: Gold-in-soils anomaly returned approximately 400m north of the previous drilling area, where a historical hole recorded 3m @ 11.7g/t Au from 13m. The anomaly was identified by samples collected at the end of a sampling line, with further sampling planned.
There is one remaining RC hole to be drilled in the current drilling programme, with additional drilling to be designed.
Iron Stirrup South-east: Soil anomaly up to 228ppb gold and 732ppm arsenic returned from a target area previously named “The Kink”, which is interpreted as a possible extension of the Iron Stirrup mineralisation.
Two RC holes are planned to test this anomaly with a further geochemical sampling program to be conducted over the target area.
Next Steps
• Geochemistry sampling results from Mt York, Wodgina, Kangan, Skywell and Croydon Projects.
• Additional heritage surveys at Mt York, Kangan and Skywell Projects.
• Assay results from the Mt York RC drilling.
• Assay results from the Kangan AC drilling
For further information please visit: https://www.kairosminerals.com.au/
