Auralia would like to congratulate one of our clients, Kairos Minerals, who today announced a 150% overall increase in their Pilbara Gold Mineral Resource inventory, which now stands at 643,000 ounces.
150% increase in the overall Pilbara Gold Project JORC 2012 Mineral Resource inventory, including the Mt. York, Iron Stirrup and Old Faithful gold deposits, to:
o Indicated and Inferred Resource of 14.4Mt @ 1.39g/t Au for 643,000oz
290% increase in the JORC 2012 Mineral Resource for the Mount York gold deposit to:
o Indicated and Inferred Resource of 11.3Mt @ 1.34g/t Au for 486,000koz
Main Hill-Breccia Hill-Gossan Hill now confirmed as a single deposit that extends over 3.5km of strike – now described as the Mt York gold deposit moving forward. The substantial increase stems from the highly successful extensional drilling program completed last year.
Each of the deposits remain open both along strike and at depth, providing outstanding opportunities to further increase the Resource and target higher-grade mineralization at depth.
A major new drilling program has commenced to follow up these opportunities and pave the way for further resource increases.
More information on this announcement, the Company and their projects can be found here