JOHANNESBURG (miningweekly.com) – A maiden gold-focused drilling programme at ASX-listed Kairos Minerals’ 100%-owned Mt York lithium-gold project, in the Pilgangoora district of the Pilbara region of Western Australia, has been completed for an aggregate of 5 242 m of drilling.
The company estimates that it currently has around 5.69-million tonnes at 1.42 g/t gold, for 258 000 oz, noting that although it had received further encouraging results, it was awaiting assays for the majority of the holes.
Starting at the end of September, the drilling programme focused on evaluating the broader gold potential of the project.
The company has now completed 13 reverse circulation (RC) holes and 15 diamond drill holes, with assays awaited for 23 diamond and RC holes, which are expected to be received over the coming weeks.
Early results confirm the potential for significant extensions to each of its known brownfield deposits including Old Faithful, Iron Stirrup, Main Hill and Breccia Hill. However, the results have shown preliminary encouraging indications at four new prospects – Golden Spur, Camelback, Gilt Dragon and Golden Gully.