The upgraded 486,000oz Mt York deposit remains open in most directions, with potential to add further ounces both along strike and at depth. Image: Kairos Minerals.
BY REUBEN ADAMS
DRILLING at Kairos Minerals’ Pilbara gold project 100km south of Port Hedland has delivered a massive 290 per cent resource increase for the Mount York deposit resource to 486,000oz – with strong potential for further growth.
The updated indicated and inferred resource for Kairos’ Pilbara gold project, including Mt York, Iron Stirrup and Old Faithful, has been boosted by 150 per cent to 14.4 million tonnes at 1.3g/t gold for 643,000oz.
Each of the deposits remain open both along strike and at depth, providing outstanding opportunities to further increase the resource and target higher-grade mineralisation at depth, the WA-based explorer said.
A major new drilling program has commenced to follow up these opportunities and pave the way for further resource increases.
Kairos Executive Chairman Terry Topping said these results confirmed the project’s significance.
“This is a great result which firmly cements Kairos’ position as a significant player in the Pilbara gold scene,” he said.
“The maiden drilling programs completed late last year have confirmed that the zone of BIF-hosted gold mineralisation at Mt York is continuous between the previously mined Breccia Hill and Main Hill shallow open pits, and extends for at least a further 1km to the east to Gossan Hill.
“The upgraded 486,000oz Resource at Mt York encompasses three contiguous deposits in Main Hill, Breccia Hill and Gossan Hill, extending over a strike length of 3.5km and to a depth of 150m.
“The Resource remains open in most directions, and there is clear potential to add further ounces both along strike and at depth – including the opportunity to target higher grade zones at depth.”
After acquiring the Mt York Prospect in early 2016, Kairos quickly established a maiden resource of 258,000oz by evaluating historical work and reinterpreting the geology at each of the deposits, Mr Topping said.
“We have now more than doubled that resource through focused, cost-effective exploration, and I am confident that we can continue to grow it rapidly – establishing a gold project of significant scale and potential right on the doorstep of a major new lithium mining centre at Pilgangoora,” he said.
