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  • Kairos Minerals (KAI) has provided an update on field exploration activities at the Iron Stirrup gold deposit at the Pilbara Gold Project.
  • Iron Stirrup has a mineral resource of 1.07 million tonnes at 1.94 g/t for 67,000 ounces
  • Samples are now being dispatched and results are expected in the new year
  • It completed its share purchase plan and raised $388,000
  • On market close, Kairos remains steady and trading at 1.1¢ per share

Kairos Minerals (KAI) has provided an update on field exploration activities at the Iron Stirrup gold deposit at the Pilbara Gold Project.

The company has recently completed the reverse circulation (RC) drill program. Iron Stirrup has a mineral resource of 1.07 million tonnes at 1.94 g/t for 67,000 ounces.

Samples are now being dispatched and results are expected in the new year.

Executive Chairman Terry Topping says the exploration field team has done a great job in overseeing the successful completion during one of the hottest and challenging times of the year.

“This will provide a great launchpad for Kairos during what we expect to be a big year in 2020,” Tery said.

“Our review of the current 643,000oz Resource is well underway and should be complete in Q1 of next year, paving the way for the start of mining studies,” he added.

At the same time, the company is also started planning exploration programs to test the gold-in-soils anomaly at the Croydon Project, which is believed to be the “game-changer” for Kairos.

The WA mining explorer announced it has completed its share purchase plan and raised $388,000.

Kairos issued 35 million shares at 1.1 cents per share. Together with the placement, the company raised approximately $1.7 million.

Funds raised will be used to drilling at Iron Stirrup and potentially other deposits.

On market close, Kairos remains steady and trading at 1.1¢ per share.

KAI by the numbers
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