Kairos Minerals Limited announced that RC dilling completed 15 of the 16 planned holes on three drill lines. Drill holes were drilled at -60o to the northwest to intercept pegmatites within mafic-ultramafic host rocks. Pegmatites are interpreted to dip to the southeast.

Holes were drilled `toe-to-heel' to provide complete coverage over the entire Lucky Sump prospect (Figures 1 & 2). One hole, KMYC225 was unable to be drilled during this phase due to unprepared earthworks and holes KMYC221 and KMYC222 did not reach the 150m target depth due to excessively hard felsic volcanic rocks being encountered. Approximately 13% of the diamond and diamond-RC drilling into the Mt York Gold Project has been completed.

Drilling has experienced difficulties particularly in the upper parts of the holes due to overburden but core quality has generally been excellent. Drilling has been designed to test new areas of the resource where the Kairos technical team have targeted extensions of the resource outside of the current model. From this perspective, the initial drilling has been extremely successful.

Drilling to date has tested positions along much of the 3,000m strike length of the Main Trend mineralisation. The deposit has not been drilled effectively in the past and this new core is providing valuable data that will not only be used to update the new resource estimate but will be used for metallurgical testwork as part of the pre-feasibility work.