Kairos Minerals Ltd (ASX:KAI) recently kicked off a 2000 metre reverse circulation drilling program at its wholly-owned Mt York Lithium-Gold Project in the Pilbara region of Western Australia.
The drilling program will focus initially on testing extensions to Main Hill and Breccia Hill deposits, testing a further 1 kilometre of strike to the east to Gossan Hill.
Kairos is now looking to boost its cash position, with the company being granted a trading halt by the ASX to prepare capital raising details.
The halt will remain in place until the opening of trade on Wednesday 25th October 2017, or earlier if an announcement is made to the market.