Kairos launches drilling program at WA gold project

Published at Feb 20, 2018, in Mining

Kairos Minerals Ltd (ASX:KAI) has begun a new program of Reverse Circulation (RC) and Aircore drilling at its 100%-owned Roe Hills Project. The news follows promising assay results from its recent drilling program which recovered high-grade assay results of 8.87g/t gold and 8.96g/t gold at its three main prospects.

These prospects include Lingering Kiss, where recent drilling intersected high-grade primary gold mineralisation 350 metres south of Silver Lake Resources’ French Kiss deposit; Terra, an emerging prospect area where thick zones of gold mineralisation were encountered in drilling late last year; and Lady of the Lake, where recent drilling defined a gold mineralised zone ~150 metres wide by ~500 metres long, with the mineralisation remaining open in all directions.

roe hills project drilling program

The new program will comprise approximately 3000 metres of combined Aircore/RC drilling, and will follow-up on results from the recently completed round of drilling.

The current program will also provide KAI with a first-pass assessment of several previously untested geochemical and structural targets including Avalon, Moriarty, Nautilus, Nemo and Hyde.

It should be noted here, that this is an early stage play and as such any investment decision should be made with caution and professional financial advice should be sought.

The company is also currently conducting a detailed review of the structural framework of the entire Roe Hills Project area. The review will help the company target key gold-bearing structures, particularly in areas where the prospective basement geology is obscured beneath transported cover.

The review will include an assessment of existing detailed aeromagnetic and gravity data, with follow-up over key areas including 3D IP surveys to provide better definition of basement lithologies, structures and zones of alteration.

The drilling program and structural review is designed to help refine key targets for future resource delineation.

“Exploration so far at Roe Hills has confirmed the presence of high-grade mineralisation across multiple prospects, with numerous high-quality targets still to be tested,” Kairos MD Terry Topping said.

“While we have discovered an impressive amount of gold mineralisation over a very large area, we still need to determine where the centre of gravity of the project is from a resource delineation perspective.

“This latest drilling is designed to further assess the size and scale of several of our high-priority prospect areas, as well as providing an initial assessment of some new greenfields targets. The information generated, will help us to really refine our targeting approach — ultimately helping us to rank the many target areas and establish a clear forward pathway in terms of resource delineation and development.”

KAI’s prospects are approximately 120 kilometres east of Kalgoorlie and immediately along strike to the south of the A$79 million capped Breaker Resources’ emerging Lake Roe gold discovery and adjacent to the A$194 million capped Silver Lake Resources’ (ASX:SLR) Aldiss Gold Project.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of Longhou Capital Markets Pty Ltd (AFSL No. 292464). 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.

Facebook
Twitter
Google Plus
LinkedIn