Kairos makes significant gold breakthrough

By Jonathan Jackson. Published at Feb 5, 2020, in Small Caps

Kairos Minerals Ltd (ASX:KAI) has discovered an extensive gold-in-soil anomaly at its Croydon Project, located within the central portion of the 100% owned Pilbara Gold Project.

Since acquiring the Pilbara Gold Project in early 2016, Kairos has rapidly established a JORC Indicated 6.84Mt at 1.3 g/t for 285,000oz and Inferred 7.53Mt at 1.47g/t for 358,000oz for a Total Mineral Resource of 14.4Mt @ 1.39g/t Au for 643,000oz.

The company achieved this by re-evaluating the previously known resources from the historical Lynas Find gold project, which produced over 125,000oz of gold between 1994 and 1998 and by executing highly focused, cost effective exploration in its own right.

Pilbara GoldProject with regional geology.
Pilbara GoldProject with regional geology.

The Croydon project is located ~100km to the west of the company’s key Mt York Gold-Project as can be seen on the above map.

Kairos has today revealed the 150m to 200m wide anomaly at Croydon extends over a strike length of 10km above a 30ppb Au cut-off and includes a high-grade 1.1km long core above a 100ppb Au cut-off which has returned peak values of up to 648ppb gold (0.64g/t).

Primary Gold-Quartz-Arenite from the Fuego Prospect, found in the Hardey Formation sediments.
Primary Gold-Quartz-Arenite from the Fuego Prospect, found in the Hardey Formation sediments.

This new discovery is a significant step forward for Kairos and has the potential to represent a significant conventional gold exploration target alongside the well-established gold potential of the area.

“We are excited to locate specimen gold within a very large gold-arsenic anomaly at the newly named Fuego prospect, within the Croydon Project.

“The detailed analysis of this sample now indicates that it is of primary origin, unlike the numerous nuggets located in 2019 from 5-10km to the southeast. It also highlights the potential for high grade mineralisation within a very large drill ready target.”

Kairos’ exploration programs have been boosted by the completion of heritage surveys, with the company now in possession of all government approvals for both trenching and drilling.

A $150,000 peer reviewed grant from the State Government Exploration Initiative will also facilitate operations.

“We look forward to getting back up to the Pilbara to continue this exciting exploration in the coming months within an all-time high Australian gold price environment,” Topping said.

Importantly for Kairos, the consistency of the silver/gold ratio, the presence of galena and the celadonite associated with the gold are indicative that the gold is primary and not redeposited (nuggets). The gold is interpreted to have been emplaced directly into the quartz-arenite host as part of a structurally-controlled hydrothermal process.

From here, Kairos will establish a field camp in March after the wet season) and prepare for Trenching and RC drilling to begin in Q2 2020.

S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.

Conflict of Interest Notice

S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.

Publishers Notice

The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.

Australian ASX Small Cap stocks | Why Finfeed.com is Australia’s leading small cap publication

Founded seven years ago, Finfeed.com is Australia’s leading and longest standing website for investor and finance news, education and expert opinion.

Published by StocksDigital, Finfeed was created to report daily on the comings and goings of ASX listed stocks in the small cap market.

As the first digital publication dedicated specifically to this space, Finfeed soon became the most trusted publication in the market, quickly garnering over two million page views – a number that continues to rise.

Finfeed.com provides its readers with informative articles that tackle the latest in market moving #ASX small cap news, plus exclusive content you won’t find anywhere else. It is aimed at those with an interest in investing, market education, company performance, start-ups and much more.

Finfeed.com is the only media organisation operating under the strength of a Financial Services License and is backed by leading journalists and analysts all with brands of their own.

The website aims to inform, educate and entertain with content that drills down into the heart of financial matters.

Finfeed is a leading source of investor and market information, with everything investors need to know about how to invest written in a way that anyone can understand. 

Over the years, the website has expanded beyond exclusively reporting on small caps, to profile Australia’s leading ASX listed small, mid and large caps as well as some of the country’s most successful CEOs and business leaders to find out what makes them tick.

Every day you will find fresh content covering:

Fast Facts

Over 4,000 articles published

Over 2.3 Million Page Views and counting

Over 10,000 followers on social media

Subscriber list growing by 2% monthly

Thanks for subscribing!

X