Kairos set to drill next to significant new gold discovery

Published at Sep 27, 2016, in Mining

Detailed gravity surveying is currently underway at Kairos Minerals Ltd’s (ASX:KAI) 100% owned Roe Hills Gold Project where drilling is planned next month.

The Roe Hills Gold Project is located 120km east of Kalgoorlie and sits adjacent to Breaker Resources’ (ASX:BRB) Lake Roe Project, where a significant new gold discovery has been made.

Recent drilling at the nearby Lake Roe Project returned intercepts including 26m @ 2.66g/t Au from 19m including 9m @ 4.45g/t Au and 12m @ 4.41g/t Au from 48m including 9m @ 5.7g/t Au.

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Figure 1. Project location – East Yilgarn Craton (EYC) Kurnalpi Terrane

The area is mineral rich hosting the Silver Lake’s Aldiss Project (ASX:SLR) including Karonie, Harry’s Hill, French Kiss, Italia and Salt Lake City Gold deposits.

Historical drill intercepts at Roe Hills remain unexplored including 16m @ 46.8g/t Au with 4m at 181.4g/t from 38m depth.

Both KAI’s Roe Hills Project and BRB’s Lake Roe Project are located within the highly prospective Kurnalpi Terrane of the Eastern Goldfields.

However, the Project is still in its early stages and thus if considering this stock for your portfolio you should seek professional financial advice.

KAI’s holds a dominant land-holding in the region, encompassing a total 324km2 and covering 40km continuous strike length.

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.

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