Kairos Minerals secures two drill companies for major exploration program at Mt York gold project

Kairos Minerals ASX KAI Mt York gold project drilling Mt Magnet
Ausdrill and Mt Magnet Drilling have been engated complete 20,000m of drilling at Kairos Minerals’ Mt York gold project.

Perth-based Kairos Minerals (ASX: KAI) has secured the services of two drilling contractors to advance an exploration program at the Mt York gold project, located 100 kilometres south of Port Hedland in Western Australia.

The company has contracted Ausdrill and Mt Magnet Drilling to complete a total 20,000m of drilling at the project’s historic prospects with a view to expanding the areas of known mineralisation.

Drill holes have planned for the Old Faithful, Iron Stirrup and Mt York deposits to test extensions of the known mineralisation along strike and down-dip.

Other targets include the Green Creek, Iron Stirrup North and South, Zakanaka, Mt York Northwest extension, Gilt Dragon and Batavia deposits, and new targets are likely to be defined for follow-up drilling.

Over 3,600m of reverse circulation work has already been completed at Old Faithful, Green Creek and Iron Stirrup North and a geochemical soil sampling program is underway to assist in generating additional drill targets.

Approximately 1,000 soil samples have been collected from areas within the project’s southern half over a 100m by 50m line spacing.

Samples are also scheduled to be collected from target areas within the northern tenements.

Kairos hopes to use the results to upgrade Mt York’s total mineral resource of 20.93 million tonnes at 1.3 grams per tonne gold for 873,500 ounces.

It is also compiling a JORC compliant exploration target across existing deposits and primary prospects, which is expected to be finalised in the near future.

Executive chairman Terry Topping said the company was fortunate to have secured two drilling contractors for the planned works.

“Given the very tight situation for drill rigs, support crews and services at the moment, this is an outstanding result and a credit to our exploration team for putting all the logistics in place,” he said.

“Our main focus is on in-filling existing resources, extending known mineralisation and potentially making new discoveries [and] we are also working on an exploration target for the project with a view to giving investors a sense of the scale of the opportunity here.”

Mt York forms part of Kairos’ wholly-owned Pilbara gold project where geophysical surveys recently defined multiple intrusion-related gold targets.

The acreage is nearby to the emerging Lake Roe gold discovery, owned by Breaker Resources (ASX: BRB).

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