Next Investors logo grey

Imminent gold assay results a possible guide to resource expansion


Published 10-NOV-2016 15:34 P.M.


2 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.

Click Here to View Latest Articles

Upcoming positive share price catalysts for Kairos Minerals (ASX:KAI) have been anticipated with management announcing on Thursday that its maiden drill program at the Mt York gold lithium project was progressing well with the likelihood of first assay results due by tomorrow.

As a guide to what may be about to unfold, soil results from underexplored areas have returned some strong sample grades of up to 13 grams per tonne gold.

Management highlighted the fact that a series of strike extensive high priority gold targets were located well outside of the known resource areas, a factor that augurs well for future exploration success and the prospect of the establishment of a larger than expected increase in the recently upgraded mineral resource.

To provide some perspective as to what may be imminent it is worth considering the company’s rapid exploration success since September.

KAI’s maiden drilling program commenced at Mt York at the end of September. The company recently reported an upgraded JORC 2012 indicated and inferred mineral resource estimate of the Mt York project of 5.69 million tonnes grading 1.42 grams per tonne gold for 258,000 contained ounces.

Current drilling campaign aimed at extending resource

The current phase of exploration at the project has been designed to test for extensions to the known deposits and to provide first-pass evaluation of ‘virgin’ anomalies in order to accelerate the expansion of the gold resource.

Infill soil sampling of previously identified prospective targets have also confirmed and refined the location of new targets.

More specifically, gold in soil and anomalism over extensive strike lengths has been defined at MTY012 and MTY014, centred approximately 3 kilometres south of the Iron Stirrup gold deposit.

Also, MTY020 which is located within the Gloucester Prospect, 1 kilometre to the east of the Breccia Hill gold deposit has demonstrated a continuous zone of gold in soil anomalism at more than 30ppb gold with strongly elevated supporting pathfinder multi-element geochemistry extending over 1.5 kilometres.

The following map demonstrates the close proximity to known high profile deposits, further reinforcing the need to closely examine upcoming assay results.

Prospective investors shouldn’t make investment decisions based on forward looking statements in relation to anticipated exploration results or use prior trading patterns as a guide to future share price performance. If considering an investment in KAI, independent financial advice should be sought.

Next Investors Image



General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.