Kairos Minerals Ltd (ASX: KAI) has commenced an important new program of Reverse Circulation (RC) drilling at its 100%-owned Roe Hills Project in Western Australia.
Project location map
The program will follow-up on the outstanding results and new discoveries reported at Roe Hills, located 120km east of Kalgoorlie, earlier this year.
Kairos Executive Chairman, Terry Topping, said the program has been designed both to target extensions of previously defined mineralisation at a number of targets with potential for near-term resource delineation and to test several newly identified greenfields targets.
The company was aiming to build on the success of its previous two gold-focused campaigns at Roe Hills,” Mr Topping said.
“Given the exceptional results generated by the previous drilling – which encountered significant mineralisation despite being essentially of a wide-spaced reconnaissance nature – we are now returning to scope out extensions to some of the more advanced zones and to test some new areas.
“Roe Hills offers outstanding potential to delineate resources in the near term, as well as to yield further discoveries. The under-explored nature of our tenements makes this a very attractive opportunity for Kairos.”
Mr Topping said the current drill program will take approximately 2-3 weeks to complete, with assay results expected by early in the New Year.
“This should result in a third significant news-flow stream alongside our ongoing exploration programs targeting conglomerate-hosted gold in the Pilbara and ongoing resource extension and exploration drilling at the Mt York Project, where we have recently completed drilling and await assay results.”
Kairos has so far completed two gold-focused exploratory drilling campaigns at the Roe Hills Project, which is located immediately along strike to the south of Breaker Resources’ emerging Lake Roe gold discovery and adjacent to Silver Lake Resources’ Aldiss Gold Project.
Mr Topping said the previous drilling programs have returned outstanding results from each of the areas identified for testing, confirming the company’s belief in the exceptional gold exploration opportunity at Roe Hills.