24/09/2021 - 16:37

Kairos rolls out new gold targets at Mt York

24/09/2021 - 16:37

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Kairos Minerals has followed up recent stellar gold hits in drilling at its Mt York project in the Pilbara, including a cracking 32m at 3.79 g/t gold. A suite of high priority greenfield targets have also been identified from a geochemistry sampling program. Assays up to 5.38 g/t were returned in soil samples, with drill testing due to commence next month.

Soil geochemical sampling at Kairos’ Mt York Project Credit: File

Kairos Minerals has followed up recent stellar gold hits in drilling at its Mt York project in the Pilbara, including a cracking 32 metres at 3.79 grams per tonne gold. A suite of high priority greenfield targets have also been identified from a geochemistry sampling program. Assays up to 5.38 g/t were returned in soil samples, with drill testing due to commence next month.

The company said a total of 2,541 soil samples were collected in the first stage program on a 100m by 50m grid and submitted to the lab for multi-element analysis. An additional 175 rock chip samples were also collected and submitted for analysis. All assays have been received for the soil samples with results now received for 114 rock chip samples to date.

Interestingly, Kairos says the sampling program has generated several “completely new” targets for gold mineralisation outside of the existing 873,500-ounce resource base at Mt York.

Located some 100 kilometres south of Port Hedland, Mt York features three separate deposits including the dominant Mount York with 17.2 million tonnes at 1.26 g/t 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 of the precious yellow metal.

Kairos Metals Executive Chairman, Terry Topping said:“This is a very positive start to our geochemical sampling program at Mt York, with a number of new, high-quality greenfields drill targets defined that provide evidence of the considerable exploration upside we have been uncovering.”.

Key targets highlighted by the geochemical sampling include the newly generated Old Faithful Southeast prospect. Located only 500m south-east of the Old Faithful deposit, rock chip sampling returned assays up to 1.1 g/t gold within a broader arsenic in soil anomaly. No historical drilling has been undertaken within Kairos’ tenure in this area, however nearby historical exploration 1.5 km to the north coughed up 2m at 1.91 g/t gold in a RC drill hole and 4.1 g/t gold from a channel sample - both located outside of Kairos’ tenure but within the same geological unit.

Another high priority target identified by Kairos is the Darius prospect. Historical drilling turned up 17m going at a modest 0.63 g/t from 36m including 2m at 1.31 g/t gold. However, an exciting 5.38 g/t gold-in-soil anomaly reported by the company may point to something more substantial. Kairos is wasting no time in following up the anomaly with three drill pads already prepared for the next phase of RC drilling.

The company identified correlating gold-arsenic in soil anomalies that are a key signature of gold mineralisation in the area. Several other targets including the Zakanaka, Gilt Dragon, Old Faithful South Extension, Green Creek and Iron Stirrup Southeast prospects have all been defined using this signature with the company planning further infill geochemistry programs along with several RC drill holes designed to test the anomalies.

Kairos is set to resume drilling at Mt York in the next few weeks with an ongoing 20,000m reverse circulation drilling program targeting extensions to the three deposits whilst also looking to boost resource confidence with infill holes. With a swag of new targets lining up to be tested by the rotary truth diviner, punters will no doubt be keen to see if Kairos is in fact on the pathway to a new discovery.

 

Is your ASX-listed company doing something interesting? Contact: matt.birney@businessnews.com.au

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