KAI 11.1% 1.0¢ kairos minerals limited

Ann: Pilbara Exploration Update, page-17

  1. 4,902 Posts.
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    Just reviewed my previous posts on KAI, the previous announcement had a distinct lack of detail re location of planned drill holes and details about depths, dips, drill direction and justification for drilling and where/what the SAM anomaly was that they were targeting. Since then it also looks like some of the expected cultural heritage surveys have only been completed recently, and the lack of clearances seem like this has affected where the could or could not drill. Lots of incomplete holes and chased off-site by very large thunderstorms so seems like they left it too late in the year.

    The delays in assay results I can understand, everyone is drilling and assaying, but whats with the drilling delays? Was it the contractor being over committed or cultural heritage surveys holding them up? Probably should have been drilling earlier than late August in hindsight.

    And I still don't completely know what they were trying to achieve at Mt York. They had the drill rig parked right on top of the outcropping mineralisation, can't they step back a bit and drill under the surface mineralisation outcrop?

    Very frustrating hold but the samples are in the lab so not selling yet.
    Last edited by eastwest101: 23/12/20
 
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