Approximately 20,000m of RC drilling is planned for the Mt York Project and 3,000m of RC drilling for the Roe Hills Project. Both programmes are due to start in April.
The Black Cat gold prospect lies at the northern end of Kairos' Roe Hills Gold Project. The prospect is located in a structurally and geologically complex area, adjacent to the regionally significant Keith-Kilkenny Shear zone, host to Breaker Resources Ltd Bombora Gold Project and Silver Lake Resources' Aldiss Project, which includes the operating Harrys Hill and French Kiss open-cut mines, located along strike to the south of the Black Cat prospect.
During the 2020 field season, Kairos completed a soil geochemistry sampling programme at the Black Cat prospect. A strong and consistent gold anomaly was delineated over a strike length of 1,800m within Kairos' tenure. A first-pass reconnaissance RC drilling programme of 800m has been planned to test the geochemical anomaly.
The Caliburn Prospect is located towards the southern end of the Roe Hills Project tenure, just north of Talc Lake and about 5km SSW of Silver Lake's French Kiss Gold deposit.
Drilling to date at Caliburn has been carried out along three main sections spaced 80m apart with the majority of holes successfully returning mineralised intercepts within broad strongly anomalous envelopes.
The Talc Lake Prospect is located toward the southern end of the Project tenure, adjacent to the west of the Keith-Kilkenny Lineament - Aldiss Fault Corridor, within an area of considerable structural complexity.
Kairos has appointed Mt Magnet Drilling Company to undertake 20,000m of RC drilling at the Mt York Project, with earthmoving works currently underway and the first drilling expected to commence in mid-April.
This programme is designed to target extensions to the current resource areas, as well as to upgrade the current unclassified, inferred and indicated resources into higher-confidence categories. In addition, several holes are being planned to test targets already generated outside the current resource areas, such as Zakanaka, Iron Stirrup North and South, Gilt Dragon and Green Creek.
The Wodgina Project comprises two granted Exploration Licences, E45/4715 and E45/4780, covering an area of 68km2. The Project is located ~90km south of Port Hedland and is situated immediately adjacent to Mineral Resources' (ASX: MIN) Wodgina Tantalum-Lithium Project and ~15km from Pilbara Minerals (ASX: PLS) Pilgangoora Lithium Mining Centre.
The Wodgina Project was previously part of a farm-in agreement with Altura Mining Ltd. On the 26th October 2020, Altura was placed in voluntary receivership and this JV has been terminated. Kairos has initiated a project review and has planned a surface geochemical sampling programme to cover the eastern limb of the Wodgina Synform, where several pegmatite swarms have been previously mapped.
Kairos' executive chairman, Terry Topping, said: "With the wet season in Northern Australia now almost past us, it's once again time for activity to ramp-up as part of Kairos' 2021 exploration field season. Thanks to a busy off-season, we're ready to hit the ground running at full speed with two big drill programmes ahead of us, and we're very pleased to provide details of these. With a strong cash balance of over $10 million, we're in a great position to execute these programmes and our other exploration plans for the year ahead.
"First cab off the rank will be a 3,000m RC programme at the Roe Hills Project east of Kalgoorlie. It's been a couple of years since we last drilled at Roe Hills, and a recent analysis of the data suggests that we have plenty of unfinished business there. A geochemical sampling programme carried out last year defined a very large soil anomaly at the Black Cat prospect, and we will put some holes into this first before moving on to test some attractive gold and nickel sulphide targets at the Caliburn and Talc Lake prospects.
"By mid-April we expect to be drilling again at Mt York, following up some of the exciting results reported earlier this year, targeting extensions to known resources and upgrading other inferred resources to indicated. This is a major, multi-pronged programme aimed at taking this well-located 873,000z gold project to the next level.
"We have also decided to terminate the previous agreement with Altura over our Wodgina tenements, which are highly prospective for spodumene-hosted lithium mineralisation. Given the dramatic turnaround in investor sentiment in the lithium sector, we intend to undertake some initial work to determine the potential of this ground before making a decision on how best to extract value for our shareholders."
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