- Kairos Minerals has extended its gold in soil anomaly to over eight kilometres at its Croydon Project, within the Pilbara Gold Project
- The analysis found four elements indicating a correlation to structure of the gold mineralisation
- A major fault system of the Archaean North Pilbara Terrain has been mapped along the anomalous strike and could possibly define the control of mineralisation
Kairos Minerals has extended its gold in soil anomaly to over eight kilometres at its Croydon Project, within the Pilbara Gold Project.
Last Month, Kairos reported that approximately 680 soil samples were collected with a result of a 150 to 200 metre wide gold anomaly above 30 parts per billion(ppb) of gold and extending over a strike length of 4.1 kilometres.
A high-grade core extending over a strike length of 1.1 kilometres at greater than 100ppb gold was identified in the central part of the anomaly
Seven samples from the anomaly returned elevated gold results above 200ppb gold (0.2 g/t gold) up to a peak of 648ppb gold (0.64 g/t gold).
An analysis of these results was conducted and it found four elements indicating a correlation to structure of the gold mineralisation.
Arsenic, Bismuth, Molybdenum and Antimony anomalies now doubles the original strike length of 4.1 kilometres to over eight kilometres.
The company said that a major fault system of the Archaean North Pilbara Terrain has been mapped along the anomalous strike and could possibly define the control of mineralisation.
Kairos is a West Australian exploration company and is focused on the development and exploration of its two key hubs located in WA’s premier mining districts.
The Pilbara Gold Project has its central hub located 100 kilometres south of Port Headland in the Pilgangoora district, near major lithium-tantalum projects.
“Our systematic exploration approach has continued to build the picture of what appears to be a very large conventional gold exploration target hosted within the Hardey Formation at the Croydon Project,” Chairman Terry Topping said.
“We have recently commenced the heritage survey process to secure approvals for proposed access tracks, trenches and drill pads to underpin the next phase of exploration of this exciting new gold target.”
This survey will cover the core of the geochemical anomalies in the Hardy Formation in the north-west area of the project.
Kairos Minerals has gained 15.38 per cent on the ASX this morning and is currently selling shares for 1.5 cents apiece at 12:53 pm AEST.