| Announcement Date: | 2021-11-16 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Kairos Minerals Ltd. |
| Project name: | Kangan |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 4m @ 0.18g/t Au from 32m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Kairos Minerals Ltd (ASX: KAI; “Kairos” or “the Company”) is pleased to report highly encouraging initial assay results from its reconnaissance air-core (AC) drilling program at the 100%-owned Kangan Project, located 70km south of Port Hedland in Western Australia. The program comprised 133 holes for 5,454m and was designed to test a sizeable anomalous gold target adjacent to major structures identified from aeromagnetic and soil geochemistry data. Results have been received from four-metre composite samples and single-metre bottom-of-hole samples. In addition to the AC drilling results, three high-priority LCT targets have been defined from an Ultrafine+ sampling program, with several new areas of pegmatites now identified within the Kangan Project area. The AC drilling program has been successful in identifying anomalous gold zones, with four holes returning gold values above 0.1g/t of gold. Three of these holes are located near the north-south structure interpreted from the airborne geophysical survey conducted by Kairos last year (Figure 3). This structure is at least 3km long within the Kangan Project area and is similar to large regional structures adjacent to the Hemi Deposit with an orientation analogous to the Falcon intrusion. |
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