With the sun out and the birds singing again in the Pilbara, Kairos Minerals is now hot to trot and has commenced its two-pronged exploration effort to build up its gold and lithium assets in the region.
At the emerging Croydon prospect southwest of Port Hedland, teams are on-site carrying out geological mapping and sampling to test a prospective conglomerate horizon along strike from recent gold nugget discoveries, unearthed by Kairos at the project last year.
A significant number of targets were also delineated from a detailed stream sediment geochemical sampling program conducted at Croydon, which spat out impressive, widespread high-grade gold assays up to 12.3g/t gold over many kilometres of strike.
Those results outlined the wide distribution of coarse gold mineralisation across the southwestern edge of the Croydon tenements and Kairos will be keen to sniff out the source of the yellow metal.
The Croydon project is located within the central part of Kairos’ 100%-owned Pilbara gold project tenement holdings and about 100km west of its hard rock Mt York gold project, which holds a mineral resource of 14.4 million tonnes grading 1.39g/t gold for 643,000 ounces.
The company recently said that it is reviewing an optimum development pathway for that substantial gold resource, particularly at the present robust gold prices.
At the Kangan project about 105km to the northeast, the company is using a “nearology”-style play to heavyweight conglomerate gold developer Novo Resources’ Egina mining centre, located 20km west, where that company has outlined the significant potential for gold in ancient marine terrace gravels.
Kairos has reviewed previous geological mapping completed on its Kangan tenement package and believes the region is prospective for accumulations of gold mineralisation in gravels, similar to Egina.
The company is also hunting down the lithium potential for several pegmatites it recently identified in the Kangan project holdings.
Kairos Executive Chairman Terry Topping said: “We have two teams in the field and a number of exciting targets that will be systematically tested as part of a multi-pronged program being overseen by our consultant geologist, Pilbara conglomerate gold expert, George Merhi.”
“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 … generated by the significant stream sediment sampling results … 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 … with some interesting new targets on these tenements with strong similarities to the gold in marine terrace gravels reported by Novo Resources.”
“The Kangan team will also inspect some … outcropping pegmatites for their lithium potential. Given the location of these tenements in the same geological setting as some of the world’s biggest lithium deposits at Wodgina and Pilgangoora, we believe that the lithium potential is well worth investigating.”
By Matt Birney
