Outstanding New High-Grade Intercept Of 32m At 3.79g/t Au
Kairos Minerals Ltd (ASX: KAI) has returned an exceptional new high-grade gold intercept at the Mt York deposit in Western Australia in its current programme of Reverse Circulation (RC) drilling at itw 100%-owned Pilbara Gold Project.
The results have extended the known mineralisation in an area previously known as “The Gap” between two historic open pits.
Executive Chairman, Terry Topping, said the company has made excellent progress with the current RC drilling programme, with up to three RC rigs operating at one stage and latterly with a track-mounted rig successfully completing drill-holes at a number of more complex locations.
A total of 87 drill holes were completed for a total of 12,876m up until the 20th of August. Due to the long turnaround for assay results, Kairos has arranged with the drilling contractor to have a month’s break to allow it to receive additional results and plan further drilling.
These results are from various new target areas and have already provided additional drill targets, all necessary approvals are in place to continue this exploration through 2020. The drill rig is due to be back to the project by the end of this month,
“This is a fantastic result and highlights the enormous opportunity at Mt York which our ongoing drilling programme is beginning to reveal,” Mr Topping said.
“Intersecting such a standout zone of 32m at 3.79g/t at a brownfields project with existing resources of over 873,500oz is a really exciting development. “This provides clear evidence that there is still huge exploration upside at Mt York.
“Importantly, this zone is significantly higher grade than what we have seen elsewhere across the field and provides the first indication of what could be future underground mining potential below the shallow open pits.
“The latest batch of results also include some shallower zones south of the Zakanaka pit and some broader lower-grade zones at the Old Faithful deposit which will require follow-up.
“However, we still have a large amount of results outstanding from a number of new areas which we have drilled in recent weeks and for which we are eagerly awaiting results.
“In light of the slow assay turnaround, we have decided to pause drilling briefly while we await further results that will help us to plan the next phase of drilling, likely to commence by the end of this month. Regional exploration at out second field camp is continuing at Skywell and also Croydon.”
For further information please visit: https://www.kairosminerals.com.au/