Kairos Minerals awaits assays for completed drill program at Mt York gold project

Kairos Minerals ASX KAI Pilbara gold Main Hill Mt York deposit
Kairos Minerals expects assays from the 16-hole program in the New Year.

Kairos Minerals (ASX: KAI) has completed its reverse circulation drilling program at the Mt York project that targeted key areas with assays anticipated in the New Year.

The 16-hole for 2,130m reverse circulation program was completed at Mt York ahead of the wet season in Western Australia’s Pilbara.

Kairos executive chairman said completing the program was a “significant achievement” and that all samples had been submitted for analysis.

Drilling at Mt York focused on the Old Faithful prospect after a sub-audio magnetic survey revealed new targets.

Four holes from the campaign were drilled at the SAM targets, while four targeted high-grade zones within the current resource and a further four tested potential extensions.

Old Faithful has a current resource of 2 million tonnes at 1.37 grams per tonne gold for 89,400 ounces.

Croydon project

With drilling completed at Mt York, Kairos has received remaining assays from 4m composite samples taken from drilling at Fuego and Tierra anomalies within the Croydon gold project.

Samples showed anomalous gold with the Fuego prospect returning the best result of 4m at 325 parts per billion.

“Given the scale of the targets and wide-spaced nature of the initial drilling, these programs have given us a really good look at the opportunities in these areas,” Mr Topping explained.

“Significantly, the tenor of anomalous gold intersected at depth correlates very closely to the anomalous values returned from surface soil sampling.”

Kairos noted that immediately south of the drilled areas was a SAM anomaly that has been made a priority target in the upcoming 2021 field season.

In readiness for upcoming exploration, Kairos has completed a heritage survey for Croydon. The company is also expecting single metre assays results from the Fuego and Tierra reverse circulation drilling.

Additionally, assays from geochemical sampling at the project’s Aqua prospect within the project.

Mr Topping said all results will assist with refining the drill program, with the company planning to “hit the ground running” at Croydon next year.

    Join Small Caps News

    Get notified of the latest news, interviews and stock alerts.