- Kairos Minerals (KAI) receives the final lot of results from reverse circulation drilling completed at its Mt York project in WA
- The latest results have extended the high-grade lode 75 metres down-dip of The Gap prospect with mineralisation open at depth
- Kairos says the wide intersections are some of the best grades and widths it has seen at Mt York to date, and it will use the results to update the current mineral resource estimate
- The company is now undertaking a technical review of the project and has already planned to conduct a further 10,000 metres of drilling in the second half of the year
- KAI shares are up 3.7 per cent to trade at 2.8 cents at 1:43 pm AEST
Kairos Minerals (KAI) has received the final lot of four-metre composite sample results from drilling completed at its Mt York gold project in Western Australia.
The company completed a 15,000-metre reverse circulation (RC) drilling effort in November 2021, targeting seven prospects within Mt York.
The latest results come from The Gap prospect which sits between the Main Hill and Breccia Hill historical pits.
Hole KMYC197 at The Gap intersected eight metres at 6.16 grams per tonne (g/t) gold and extended the high-grade lode 75 metres down-dip with mineralisation remaining open at depth.
Additional results from The Gap returned wide intersections of 49 metres at 1.75 g/t gold from 135 metres including 19 metres at 3.29 g/t gold from 153 metres.
The company also received fresh results from the Main Hill pit which included 12 metres at 3.26 g/t gold from 32 metres within 28 metres at 1.66 g/t gold from 32 metres.
Infill drilling conducted underneath the Main Hill pit returned “exceptional’ grades of up to 6.31 g/t gold within a thick and shallow zone of 16 metres at 2.6 g/t gold from 32 metres.
Managing Director Dr Peter Turner said these were some of the best grades and widths the company had seen at Mt York to date.
“The technical team has done a superb job targeting parts of the orebody that are either under-drilled or not drilled at all and have provided the company with excellent results that it will take into the next round of resource estimation,” Dr Turner said.
Kairos Minerals has submitted one-metre re-split samples with assays expected in June.
The company is now undertaking a technical review of the Mt York project to increase its confidence in the mineralisation and grow the resource ahead of a 10,000-metre drilling program targeted for the second half of 2022.
Kairos shares were up 3.7 per cent to trade at 2.8 cents at 1:43 pm AEST.