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  • Kairos Minerals (KAI) identifies the potential to “significantly” grow the resource of its Mt York gold project in Western Australia
  • The company says a recently-completed technical review of the project found mineralisation was continuous along a 3.4 kilometre-long trend and was open in every direction
  • With no geological limitations detected on the lodes, Kairos says the existing 873,500-ounce resource is limited only by the extent of drilling completed in the area
  • To grow the resource, the company is now planning to launch a 15,000- to 20,000-metre drilling program at Mt York
  • Shares in Kairos Minerals are trading 15.79 per cent higher at 2.2 cents each at 1:23 pm AEST

Kairos Minerals (KAI) has identified the potential to “significantly” grow the resource of its Mt York gold project in Western Australia.

The company conducted a technical review of the project which found mineralisation was continuous along a 3.4 kilometre-long trend and was open in every direction.

Further, no geological limitations were detected on the lodes.

Kairos said this meant the existing 873,500-ounce resource was limited only by the extent of drilling completed in the area.

Managing Director Peter Turner said the results of the review were “extremely compelling”.

“The review paints a picture of an 873,000-ounce resource which is open in all directions
but very constrained by a lack of drilling, particularly below 150-200 metres,” Mr Turner said.

“The potential to grow this resource substantially is overwhelmingly clear.”

In light of the review results, Kairos is now planning to launch a 15,000- to 20,000-metre drill program.

The results from this drilling work will feed into pit optimisation work, metallurgical test work, and geotechnical studies.

In addition, KAI said it planned to update the current Mt York resource to include results from drilling completed earlier in the year.

Shares in Kairos Minerals were trading 15.79 per cent higher at 2.2 cents each at 1:23 pm AEST.

KAI by the numbers
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