Final assays from Mt York pave way for 2018 resource upgrade

Published at Dec 18, 2017, in Mining

Kairos Minerals Ltd (ASX:KAI) has released final assay results from its recent ~2600 metre Reverse Circulation (RC) drilling program at its 100%-owned Mt York Gold-Lithium Project in WA’s Pilbara region.

Today’s results, for the final eight holes of the program, represent the last to come from the 21 holes drilled, and add further proof of the exceptional grades to be found at the Mt York project.

New results include:

Kairos minerals pilbara assays

Source: Kairos Minerals

The results also confirm that the mineralised zone extends from Breccia Hill to beyond Gossan Hill and indicate a high degree of exploration potential along an untested BIF corridor.

The below map shows the Mt York Project location, tenements and key gold-lithium-tantalum targets:

Kairos east pilbara project

Source: Kairos Minerals

Any news is speculative at this stage therefore investors considering this stock for their portfolio, should seek professional financial advice.

KAI is encouraged by the fact that 100 per cent of the holes have returned significant gold intersections, as well as extending the zone of BIF-hosted gold mineralisation within the previously untested area immediately east of the historical Main Hill – Breccia Hill open pits.

Refer to the below map to see the location of key drill results from the Main Hill and Breccia Hill deposits:

Main hill & breccia hill deposits

Source: Kairos Minerals

These highly promising findings are expected to contribute to an upgraded Mineral Resource estimate for the Mt York project in the first quarter of 2018.

In commenting on today’s promising update, KAI Executive Chairman Terry Topping said: “This drilling program has delivered an exceptional outcome for Kairos, confirming that the continuity of gold mineralisation to the east of the existing Breccia Hill resource and highlighting the outstanding exploration potential within the Banded Iron Formation that extends over a current identified strike length of 3.5km.

“These drilling results will underpin an updated Mineral Resource estimate for the Mt York Project, which we expect to deliver in the first quarter of the New Year. In addition, we are also planning to undertake further drilling along untested portions of the identified BIF horizon at Mt York, which we believe offers significant potential to further extend the gold mineralisation.”

The drilling program had an initial focus on testing for extension to the Main Hill and Breccia Hill deposits, which together already have an Indicated and Inferred JORC 2012 Compliant Mineral Resource totalling 123,000 ounces of gold.

In the mid-1990s, in a far lower gold price environment (at around $250-$300 an ounce), the deposits were partially mined by Lynas Gold NL as a series of shallow open pits to a maximum depth of ~30 metres in conjunction with the Iron Stirrup mining operation.

View Our Investment Portfolios



S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why is Australia’s leading small cap publication

Founded seven years ago, is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise. provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more. is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!