2019 EXPLORATION PROGRAM COMMENCES IN THE PILBARA
New field season in full swing with multiple gold targets to be tested at Croydon and Kangan
•Field exploration activities underway with two teams operating.
•At Croydon, mapping and sampling is being undertaken to test the conglomerate horizon along strike from recent gold nugget discoveries.
•Targets generated from stream sediment sampling in late 2018 will also be tested.
•At the Kangan Project, a second team is evaluating the potential for
•Exploration at Kangan will also further evaluate recently identified pegmatite outcops for their lithium potential.
Figure 1: Pilbara Gold Project With Regional Geology.
Kairos’ Executive Chairman, Terry Topping, said: “We’re pleased to announce the start of our 2019 exploration field season in the Pilbara after a
“At Croydon, we have detailed mapping and sampling programs planned to test the conglomerate horizon along strike from the exciting nugget patches which were discovered towards the end of last year.”
“We also have numerous targets which were generated by the significant stream sediment sampling results reported towards the end of last year and earlier this year which demonstrated an extensive distribution of gold and high correlation between panned gold samples (colours) and positive stream sediment results.”
“A second team has been dispatched to the Kangan Project, located 20km east of Novo Resources’ Egina Goldfield. We have generated some interesting new targets on these tenements with strong similarities to the gold in marine terrace gravels reported by Novo Resources. This is an intriguing target located on the bed of the ancient seafloor which we intend to test with auger drilling, mapping and sampling.”
“The Kangan team will also inspect some
Kairos Minerals Ltd (ASX: KAI; “Kairos” or “the Company”) is pleased to announce the commencement of field exploration activities at its
Planned work programs will include detailed mapping and sampling of the prospective
The Company will also commence exploration targeting potentially
Field work including mapping and sampling will be undertaken at a number of target areas at the Croydon Project identified from previous stream sediment sampling.
Highly encouraging assay results from 253 stream sediment samples (17
235)were collected over E47/3522 and E47/3523. Refer to ASX announcements from 20 November 2018, 17 January 2018 and 29 January 2019.
These results, which include a peak gold value of 12,379ppb Au (12.3g/t Au), confirm the widespread distribution of gold anomalism across the Project and build on the significant nugget discoveries announced towards the end of last year.
The results confirm the widespread distribution of gold across the Project, with over 46% of the samples taken returning a positive result for gold (visible gold in the panned samples). There has been a significant improvement through the sampling campaigns, which returned positive results for 35% of panned samples then 50% and the most recent at 75% of the samples taken.
The Company is now in a position to undertake more detailed mapping and sampling to determine the souces of this gold.
Figure 2: Croydon Project showing key target areas.
The Kangan Project, which consists of one Exploration Licence and one Exploration Licence Application, is located 70km south of Port Hedland with access from the Great Northen Highway.
During 2018, Novo Resources Corp (TSX:V NVO) conducted exploration at the Egina Project Kairos has completed a review of previous mapping that has highlighted the potential for similar gold in marine terrace gravels thought to be sourced from the eroded conglomerate gold mineralisation.
The Project is prospective for gold in marine terrace gravels similar to the Egina Goldfield, located some 20km to the west as well as for
Field exploration has now commenced for both these targets.
Figure 3: Kangan Project location
About Kairos Minerals
Kairos Minerals (ASX: KAI) is a diversified West
In the Pilbara, Kairos also holds 1,158 square kilometres of tenure which is highly prospective for
Since acquiring the project in early 2016, Kairos has rapidly established a 643,000oz JORC 2012 compliant Gold Mineral Resource by