Kairos Minerals Ltd (ASX: KAI) has identified new gold and lithium targets at its 100 per cent-owned Croydon Project in Western Australia’s Pilbara Region.
The targets have been identified by the successful geochemical sampling programme in which 1,304 soil samples were collected at 200m x 80m and 800m x 160m spacing and submitted for Ultrafine+TM analysis at the Labwest Laboratory in Perth.
The complete data analysis has identified a new gold target at the Viento prospect and four new lithium targets. The Tierra and Eastern 1 lithium targets show similar geological settings to the Mt Cassiterite pegmatite suite, part of the 259Mt @ 1.17%Li2O deposit, owned by Mineral Resources and Albemarle Corporation.
Kairos has also completed the in-fill soil sampling programme at Tierra and Aqua prospects, with targets now ready to be drill-tested.
“These are very strong results which demonstrate that Croydon has outstanding potential to host extensive lithium and gold mineralisation,” Managing Director, Dr Peter Turner, said.
“In light of these results, we are moving quickly to implement follow-up programs of field verification, mapping and drilling.
“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.
“The Viento-Fuego-Tierra-Aqua Prospects are significant gold anomalies arranged in clusters over 20km along a granitic margin and provide Kairos with an exciting pipeline of gold prospects with scale and tenor that warrant imminent drill-testing.”
Lithium Targets
The geochemical soil sampling program defined four new lithium targets based on elevated lithium and pathfinder elements and the local geology
Tierra Lithium Target
An 800m-long lithium anomaly returned from the samples collected over the mapped Corboy Formation, GSWA 1:500k map, The metasediments of this formation host the Mt Cassiterite spodumene-type pegmatites, owned by Mineral Resources and Albemarle Corporation (ASX: MIN and NYSE: ALB). This is a highest-priority target with field reconnaissance mapping planned ahead of drilling.
Eastern Target 1
This target area is defined by an 800m long lithium anomaly, up to 133ppm Li, with coincident elevated tin and tantalum. Immediately to the west of this anomaly, there are two pegmatites mapped by GSWA and found on 1:100k Satirist sheet; these pegmatites extend for approximately 1.9km and are visible on aerial images. Kairos has started the process to obtain access to conduct exploration activities within the E47/4384 that was granted in 2021.
Eastern Target 2
A four km-long northeast striking target area is defined by lithium anomalies, up to 177ppm Li, with coincident elevated niobium, tin and tantalum. It sits near the contact between the Powdar Monzogranite (2,935Ma) and the Cheearra Monzogranite (3,065Ma) of the Sister Supersuit; the Cheearra unit includes pegmatites that could be associated with the later intrusion of the younger Powdar granites.
Eastern Target 3
This target is defined by lithium anomalies, up to 137ppm Li, with coincident elevated tin. The Warden Pool Tin Prospect is located 1.5km northwest of this anomaly in Sayona Mining tenement.
Gold Targets – Viento Prospect
The Ultrafine soil sampling program results identified a new target area defined by a 2.5km long gold anomaly. This target area is located on the highly prospective zone, the margins of the Sisters Supersuit intrusion. Several gold, copper, tin, tantalum, lithium, and tungsten prospects are located on the margins of this intrusion.
Next Steps
• Field investigation of the new Li, Au targets at Croydon project
• Results from geochemistry sampling programs from Roe Hills and Mt York projects
• Additional heritage surveys at Kangan, Wodgina and Croydon projects
