Kairos' Executive Chairman, Terry Topping, said: 'The discovery of an exciting new gold target outside of the current 873,500oz Mineral Resource inventory at Mt York is a great way to start the New Year. Given the proximity of the Steamboat prospect to the existing Old Faithful deposit and the strength of the surface rock chip samples and mapping, this is shaping up as a priority focus for our exploration activities at Mt York in 2022.
'The discovery of new zones with the potential to increase our resource base is an exciting development and we are looking forward to returning to this area with drilling during the 2022 field season. We have already completed an extensive drone survey and mapping for the new Steamboat prospect and heritage surveys have already been completed and approved. 'The slow turnaround of assay results remains an ongoing industry-wide frustration, and we are still awaiting assays from a significant number of holes drilled at Mt York last year.
That said, we are continuing to see some very encouraging results which will be incorporated into a future resource upgrade and ongoing mining studies. We look forward to updating the market on numerous other upcoming gold and lithium exploration activities in the near future and reporting additional results from RC and aircore drilling completed last year.'
Kairos Minerals Ltd (ASX: KAI; 'Kairos' or 'the Company') is pleased to advise that it has identified a significant new greenfields gold target located outside the current Mineral Resource base at its 100%-owned 873,500oz Mt York Gold Project located in the Pilbara region of Western Australia. The Company has received highly encouraging assay results received from rock chip samples collected at the newly-identified Steamboat prospect, with values up to 4.6g/t Au. In addition, the Company has received assay results from five more Reverse Circulation (RC) holes drilled last year at the Mt York Project. Assay results are pending for 23 drill holes.
Steamboat Prospect
The first-stage geochemistry sampling program conducted by Kairos geologists and contractors identified a new target area, located approximately 500m south-east of the Old Faithful deposit, with anomalous rock chip samples of up to 1.1g/t Au coincident with an arsenic-in-soils anomaly trend (see ASX announcement 24 September 2021). The anomalous gold results were returned from brecciated cherts and BIFs. The Company followed up the initial results with a drone survey, rock chip sampling and a heritage survey. Kairos has received initial results from the second-stage rock chip sampling program, with assays of up to 4.6g/t Au confirming and extending the target area. The high-resolution drone survey assisted the field mapping, and a digital terrane modelling (DTM) was generated (Figure 1). Critical geological features were observed from the drone survey and will assist with further mapping and drill-hole planning.
Mount York RC Drilling Program
Kairos has received assay results from five more RC drill holes completed at the Mt York Project. KMYC183 returned exceptional assay results and extended a historical thick intercept of 117.4m @ 1.97g/t Au some 50m down-dip (see Figure 3 for a cross-section). The results are from four-metre composite samples, with one sample returning 4m @ 6.16g/t Au from 108m. Drill-hole KMYC187 returned a significant result of 28m @ 0.85g/t Au from 76m in 'the Gap' area west of the historical Breccia Hill pit, where minimal historical drilling has been conducted. This result included a zone of 4m @ 2.22g/t Au from 100m.
About Kairos Minerals
Kairos Minerals (ASX: KAI) is a diversified West Australian-based exploration company which is focused on the exploration and development of two key project hubs located in WA's premier mining districts. The Company's 100%-owned Pilbara Gold-Project has its central 'hub' located ~100km south of Port Hedland in the world-class Pilgangoora district immediately adjacent to the major lithium-tantalum projects owned by Pilbara Minerals, which is currently in production. Since acquiring the project in early 2016, Kairos has established a JORC Indicated 8.56Mt at 1.3 g/t for 366,000oz and Inferred 12.36Mt at 1.28 g/t for 507,000oz for a Total Mineral Resource of 20.93Mt @ 1.3g/t Au for 873,500oz (ASX announcement, 4 March 2020). The Project encompasses the historical Lynas Find gold project, which produced over 125,000oz of gold between 1994 and 1998. Kairos's 100%-owned Roe Hills Project, located 120km east of Kalgoorlie in WA's Eastern Goldfields, comprises an extensive tenement portfolio where the Company's recent exploration work has confirmed the potential for significant discoveries of high-grade gold, nickel, cobalt and lithium mineralisation. Kairos' tenure adjoins the emerging Lake Roe gold discovery, owned by Breaker Resources (ASX: BRB). In the Pilbara, Kairos also holds 2,026 square kilometres of tenure (granted and applications) which is highly prospective for gold and lithium discoveries
Contact:
Mr Terry Topping
Nicholas Read
Executive Chairman
Read Corporate
Paul Armstrong
Kairos Minerals Limited
Ph: 08 9388 1474
Competent Person
The information in this report that relates to Exploration Results or Mineral Resources is based on information compiled and reviewed by Mr Terry Topping, who is a Director of Kairos Minerals Ltd and who is also a Member of AusIMM. Mr Topping has sufficient experience that is relevant to the style of mineralisation and type of deposits under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.' (the JORC Code 2012). Mr Topping has consented to the inclusion in the report of the matters based on their information in the form and context in which it appears.
KAIROS MINERALS LIMITED 
