Kairos Minerals (ASX:KAI) is preparing to commence drilling at the Lucky Sump Prospect in Western Australia.
Previous work there obtained spodumene pegmatite samples grading up to 1.91% Li2O have been discovered during routine earthmoving activities next to the flagship Mt York Gold Deposit.
“The initial results from Lucky Sump were outstanding so we are eagerly awaiting this drilling programme,” Managing Director, Dr Peter Turner, said.
“We already know we have spodumene-bearing pegmatites which returned high-grade assays.
“And we have since found more, similar-looking pegmatites during sump preparation for this programme.
“This drilling programme has potential to create significant value for Kairos shareholders and will be conducted in parallel with our major, extensional drilling programme for gold at the neighbouring 1.1 million-ounce Mt York Gold Deposit.”
The RC rig from Orlando Drilling is scheduled to start drilling within a week to complete the 16 initial holes planned on three drill lines to 150m depth. Drill holes are planned at -60 degrees to the northwest to intercept pegmatites that are interpreted to dip to the southeast. Holes are planned ‘toe-to-heel’ to provide complete coverage over the entire Lucky Sump prospect.
Next Steps
• RC drill Lucky Sump pegmatites to 150m down-hole depths, ‘toe-to-heel’
• Complete logging, sampling and export of samples
• Build camp infrastructure at Mt York including core farm, living and ablution blocks
• Complete 20,000m RC and DDH at Mt York Gold Project H2, 2022
• Contract negotiations with consultants for mining engineering studies, geo-metallurgical testwork, geotechnical studies, environmental and hydrological studies
For further information please visit: https://www.kairosminerals.com.au/
