Kairos Minerals Says Drilling Reaffirms Western Australia Project Extension Ahead of Mineral Resource Estimate; Shares Down 3%

MT Newswires Live
03/04

Kairos Minerals (ASX:KAI) said drill results from the Main Hill Extension Prospect reaffirm the Mt York Gold Project extension ahead of the updated mineral resource estimate expected in the first half of the year, according to a Wednesday Australian bourse filing.

The results were up to 8 meters at 3.8 grams per tonne (g/t) gold from 128 meters, including 1 meter at 11.2 g/t gold from 133 meters.

The company will resume drilling this month, targeting more resource opportunities from the 4.2-kilometer-long gold corridor, with up to 50,000 meters of drilling expected in 2025 across the Mt York and Roe Hills Project, the filing said.

Kairos will use the updated Mt York mineral resource estimate to progress a pre-feasibility study for the project in 2026, the filing added.

The company's shares fell nearly 3% in recent Wednesday trade.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10