Kairos Minerals Ltd (ASX: KAI) has received highly encouraging initial assay results from its reconnaissance air-core (AC) drilling program at the 100%-owned Kangan Project, located 70km south of Port Hedland in Western Australia.
The programme comprised 133 holes for 5,454m and was designed to test a sizeable anomalous gold target adjacent to major structures identified from aeromagnetic and soil geochemistry data. Results have been received from four-metre composite samples and single-metre bottom-of-hole samples.
Executive Chairman, Terry Topping, said in addition to the AC drilling results, three high-priority LCT targets have been defined from an Ultrafine+ sampling program, with several new areas of pegmatites now identified within the Kangan Project area.
“We are very encouraged by the initial results of this wide- spaced air-core program at Kangan and subsequent soil sampling and mapping – both from a gold and a lithium perspective. The 5,454m program has returned significant anomalous gold values from initial testing of the large- scale gold target – an important outcome considering how widely spaced the holes were,” Mr Topping said.
“With line spacing of 200m to 600m, there is potential for a significant gold deposit to be located in the bedrock somewhere beneath these drill lines. The location of significant anomalous gold adjacent to a major regional structure that bears strong similarities to the regional structure at Hemi, is an intriguing development.
“We are planning to return with in-fill air-core drilling in late November to further evaluate this potential.
“Importantly, the holes also intersected various intrusive lithologies, including mafic intrusions and a significant amount of pegmatite. This adds an exciting new dimension to this project, with the drilling returning significant anomalous lithium values. Previous Ultrafine+ soil sampling and mapping has delineated three large LCT pegmatite targets which we intend to further evaluate when air-core drilling.”
The AC drilling programme has been successful in identifying anomalous gold zones, with four holes returning gold values above 0.1g/t of gold. Three of these holes are located near the north-south structure interpreted from the airborne geophysical survey conducted by Kairos last year.
This structure is at least 3km long within the Kangan Project area and is similar to large regional structures adjacent to the Hemi Deposit with an orientation analogous to the Falcon intrusion.
Most of the assay results received are from four-metre composite samples with best intercepts including:
- 4m @ 0.18g/t Au from 32m in KNAC011.
- 4m @ 0.13g/t Au from 28m in KNAC007.
- 4m @ 0.10g/t Au from 16m in KNAC052.
- 4m @ 0.10g/t Au from 16m in HNAC074.
Individual one-metre samples have now be submitted for gold and multi-element analysis from all anomalous four-metre composite samples.
Several mafic intrusions were observed in the drilling, adjacent to the large north-south regional structure and near the contact between the Split Rock and the Cleland intrusion
For further information please visit: https://www.kairosminerals.com.au/
