Kairos drills out shallow gold zones at venture east of Kalgoorlie

2021-07-13 14:24:05

Kairos Minerals has intercepted shallow gold zones with drilling at its Roe Hills venture some 120km east of Kalgoorlie in Western Australia. Hits on the Caliburn prospect embody 8m at 1.32 grams per tonne gold from simply 32m, with a 4m interval going at 2.29 g/t gold. Infill drilling is now on the playing cards as Kairos appears to work Roe Hills towards a maiden useful resource estimate.

The most recent outcomes come on the again of a 20-hole reverse circulation marketing campaign throughout the Caliburn, Talc Lake and Black Cat prospects on the 100 per cent owned Roe Hills venture.

Within the south of the tenure at Caliburn, 10 holes had been drilled alongside 4 sections for a complete of 1,149m, with three of the sections reportedly hitting mineralisation.

Different outcomes from Caliburn embody 16m at 1.27 g/t gold from 80m with a richer 4m at 3.17 g/t gold from 84m. One other gap returned 16m at 1.36 g/t gold from 80m together with 4m at 3.9 g/t from 92m.

Administration says the brand new outcomes counsel potential for an offset of the mineralised strike with high-grade shoots open at depth and to the south-west.

Infill drilling is now deliberate as Kairos appears to delineate oxide gold assets at Caliburn, situated simply 5km from Silver Lake Assets’ French Kiss open-cut mine the place a 1.2 million tonne useful resource going at 1.9 g/t gold has been outlined.

We just lately accomplished about 3,000m of RC drilling at Roe Hills and we’re happy to report encouraging preliminary outcomes from composite samples. The important thing space of focus is the Caliburn prospect, the place we intersected extensive zones of shallow gold mineralisation. These outcomes have clearly demonstrated the potential to delineate doubtlessly open-pittable gold mineralisation at Caliburn.

Given the proximity of Caliburn simply 5km south of Silver Lake Assets’ French Kiss operations, adjoining to a haul highway and within the coronary heart of an lively mining area, we will make a compelling strategic case to return to this space with additional drilling within the close to future.

Kairos has commenced third-dimensional modelling of all drilling information at Caliburn and the close by Lingering Kiss, Terra and Girl of the Lake prospects. The modelling can be utilised in potential useful resource estimates at Roe Hills.

Outcomes from a geochemical sampling program to outline new drill targets within the neighborhood of the 4 prospects can be due within the present quarter.

In the meantime on the close by Talc Lake prospect 4 holes for 942m had been drilled to check a geophysical goal for nickel sulphide mineralisation.

Encouragingly, one gap returned 5m at 0.55 per cent nickel and 0.15 per cent coper from 96m, together with 1m at 1.33 per cent nickel and 0.45 per cent copper from 99m.

Within the north of the tenure on the Black Cat prospect six holes focused a gold-in-soil anomaly stretching for some 1,800m.

One gap returned 4m at 1.63 g/t gold from 48m and likewise hit 20m at 0.42 per cent zinc from 96m. Administration now plans to guage the prospect for volcanic huge sulphide mineralisation potential.

Black Cat lies close to Breaker Assets’ rising Lake Roe gold discovery the place some 981,000 ounces of gold have been delineated.

Elsewhere, Kairos continues to smash out the metres at its 100 per cent owned Mt York gold venture within the Pilbara area of Western Australia.

Over 10,000m of a 20,000m marketing campaign have now been accomplished as Kairos appears to develop the 873,500-ounce gold useful resource at Mt York.

Is your ASX-listed firm doing one thing fascinating? Contact: matt.birney@wanews.com.au

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