Kairos Minerals could be set for some significant milestones with results pending from about 15,000m of gold drilling at its Mt York and Kangan projects in the Pilbara region of Western Australia. The company is looking to grow Mt York’s existing 873,000-ounce resource base, whilst at Kangan it is seeking to uncover an intrusion-hosted gold deposit similar to the nearby 6.8-million-ounce Hemi gold discovery.
Mt York, some 100km south of Port Hedland, features three separate deposits including the dominant Mount York with 17.2 million tonnes at 1.26 grams for 697,000 ounces of gold in the southern part of Kairos’ 100 per cent-owned tenement block.
Iron Stirrup has a further 1.6Mt at 1.64 g/t gold for 86,000 ounces, whilst to the north Old Faithful hosts 2Mt at 1.37 g/t gold for 89,000 ounces.
Kairos recently launched a 20,000m drilling blitz at Mt York with a focus on extensions to the three deposits and on boosting resource confidence with infill holes.
The company appears to be off to a solid start from the ongoing drilling with first assays from Old Faithful returning a broad 28m intercept going at 1.43 grams per tonne from 72m, with a richer 4m interval at 2.3 g/t gold from 84m.
Some 73 drill holes have now been completed with samples from more than 10,000m of drilling at the labs. Kairos expects results to continue flowing through in the coming weeks.
Meanwhile, Kairos has wrapped up a 133-hole air-core campaign for more than 5,000m of drilling at its wholly owned Kangan project about 70km south of Port Hedland.
The drilling targeted a “sizeable” gold anomaly adjacent to major structures identified via airborne geophysical surveys and soil geochemical sampling.
Management says the drilling intersected intrusive lithologies, including mafic stratigraphy and pegmatites.
Kairos’ Executive Chairman Terry Topping, said: “We have started to receive results from the major reverse circulation program underway at Mt York, and we are pleased to see some impressive broad zones of strong gold mineralisation in the initial assays from the Old Faithful prospect.”
“On other fronts, we have also just completed a 5,000m air-core program to test the large gold target Kangan. Visually, the program has intersected some very interesting geology including multiple intrusive lithologies, mafic intrusions and a large amount of pegmatite.”
Intriguingly, Kangan lies only 20km from De Grey Mining’s celebrated Hemi discovery where a recent maiden resource estimate returned a cracking 6.8 million ounces of gold.
De Grey’s initial discovery at Hemi saw its share price storm from about 5c per share in late 2019 to more than $1.60 recently.
Kairos also continues to advance target generation works on its other 100 per cent owned projects in the Pilbara.
At the Wodgina project, about 90km south of Port Hedland, the company has completed an airborne magnetic and radiometric survey, and a geochemical soil sampling campaign as it seeks to generate lithium and gold targets for follow-up testing.
The company’s Wodgina tenure lies adjacent to Mineral Resources’ impressive Wodgina lithium deposit where a 151.9 million tonne ore reserve going 1.17 per cent lithium oxide has been defined.
Kairos says its tenure is under-explored for lithium although historical rock chip sampling returned grades as high as 1.6 per cent lithium oxide.
Elsewhere, a fixed-loop transient electromagnetic survey to evaluate a previously identified conductive body has been completed at the Croydon project, some 75km south-west of Wodgina.
Further to the west at the Skywell project, Kairos continues reconnaissance works with mapping, rock chip and soil sampling programs now commenced.
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By Matt Birney
