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- Kairos Minerals (KAI) identifies lithium and gold targets at its Croydon project in WA
- The company reports “strong” results from more than 1300 soil samples, collected from the geochemical sampling program
- Following data analysis, it identified a new gold target at the Viento prospect and four new lithium anomalies
- Additionally, Kairos completed an in-fill soil sampling program at the Tierra and Aqua prospects, with the targets ready to be drill-tested
- Shares are trading 3.45 per cent higher at three cents each at 2:52 pm AEDT
Kairos Minerals (KAI) has identified lithium and gold targets at its Croydon project in WA.
The company reported “strong” results from more than 1300 soil samples that were collected from the geochemical sampling program.
Following data analysis, it identified a new gold target at the Viento prospect and four new lithium anomalies.
The lithium targets were uncovered after Kairos detected elevated pathfinder elements, up to eight kilometres long and coincident with mapped pegmatites.
Meanwhile, a robust gold anomaly helped define the 2.5-kilometre-long Viento target.
Additionally, Kairos completed an in-fill soil sampling program at the Tierra and Aqua prospects, with the targets ready to be drill-tested.
The program refined the target area at Tierra, with gold values of up to 1511 parts per billion recorded.
Meanwhile, the Aqua prospect is a one-kilometre-long anomaly, recording gold values of up to 3060 parts per billion.
Managing Director Dr Peter Turner said the results demonstrate that Croydon has the outstanding potential to host extensive lithium and gold mineralisation.
“In light of these results, we are moving quickly to implement follow-up programs of
field verification, mapping and drilling,” he said.
“It is important to note that the large Croydon Project was pegged for its geological characteristics and potential to host Hemi-style mineralisation – these results attest to its prospectivity not just for gold but for significant lithium mineralisation as well.”
Shares were trading 3.45 per cent higher at three cents each at 2:52 pm AEDT.
