New team makes strong start with reviews of gold and lithium assets delivering highly promising results; Assays pending on spodumene-bearing pegmatite samples; Lithium and gold drilling programs being planned

Kairos Minerals Limited (ASX:KAI) is pleased to present its quarterly report for the period ending in June 30, 2022.


Highlights

  • Board changes complete with the appointments of highly-regarded Chairman Klaus Eckhof and geologist Dr Peter Turner as Managing Director
  • Mark Calderwood appointed as NED and experienced geologist Mark Falconer appointed as Exploration Manager
  • Strategic review of the gold and lithium project portfolio completed
  • Mt York Gold Project Review highlights potential to significantly increase the 873,500oz Resource
  • Spodumene-bearing pegmatite samples discovered during routine earthmoving activities next to Mt York gold deposit;
  • Five batches of assays (four gold, one lithium) pending
    • Kangan (aircore): over 400 four-metre composite sample results outstanding
    • Kangan (aircore): over 80 single-metre sample results outstanding
    • Croydon (soil samples): over 300 sample results received, QAQC checks on-going
    • Roe Hills (soil samples): over 3,000 samples received, QAQC checks on-going
    • Mt York Lithium (rock chips): 5 sample results received, QAQC checks on-going
  • Strong cash position of $7.0m at June 30, 2022

Pilbara Gold Projects (Kairos 100%)

Mt York Gold Project

Kairos’ flagship, the 100 per cent-owned Mt York Gold Project, located 1.5 hours drive south of Port Hedland, was the focus of exploration work during the quarter. Final results from the 2021 RC drilling program comprising 95 drill holes were received and announced during the quarter.

This programme concentrated on the main Mt York Trend comprising Main Hill, The Gap, Breccia Hill and Gossan Hill but also included drilling the satellite deposits of Old Faithful, Green Creek, Iron Stirrup, Zakanaka and Batavia.


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This article includes content from Kairos Minerals , licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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