Kairos Minerals defines multiple intrusive-related gold targets at Pilbara Project

Kairos Minerals defines multiple intrusive-related gold targets at Pilbara Project

Proactive Investors

Published

Kairos Minerals Ltd (ASX:KAI) (OTCMKTS:MPJFF) (FRA:YAJ) has defined multiple intrusive-related gold targets after completing geochemical sampling at the Skywell Prospect within the Pilbara Gold Project in Western Australia.  The targets were revealed after the company received and analysed all remaining results from geochemical programs at the project, 50 kilometres south of Whim Creek and 70 kilometres southwest of the Hemi gold discovery by De Grey Mining Limited (ASX:DEG) (OTCMKTS:DGMLF) (FRA:DGD).  A total of nine new targets have been generated at Skywell, six of them associated with intrusive-style gold mineralisation.  2021 exploration field season stepping up a gear Kairos executive chairman Terry Topping said: “We have now completed a detailed analysis of the extensive geochemical and geophysical work undertaken across our Pilbara Gold Project last year, and we are excited to have defined multiple gold targets at Skywell.  “Six of the new targets are associated with intrusive-style gold mineralisation and represent priority targets for air-core drilling, which is scheduled to commence by the end of this quarter. “Our 2021 exploration field season is now well and truly stepping up a gear, with activity levels increasing across all of our key projects.  “The current drill program at the Roe Hills Project is going very well, and we expect to provide an update on that in the near future. “Earthmoving will begin at the Mt York and Kangan Projects next week to prepare drill sites, and we expect to see drilling underway at Mt York very soon with our planned 20,000 metres program.” “And heritage surveys have been requested ahead of planned initial air-core drilling to test the intrusion-related targets at Kangan. “Multiple targets, multiple news-flow streams and, we hope, multiple opportunities to make a significant discovery.” Data from the fieldwork The study combined all of the data received from the fieldwork conducted in 2020, which comprised 80 rock chip samples, 2,094 Ultrafine+ soil samples, geological mapping, and the airborne magnetic and radiometric survey. With these data now to hand, Kairos’ geologists conducted a regional study of the known intrusions from DeGrey Mining, including their intrusion targets. The company then conducted extensive research over IRGS worldwide along with a study of the intrusions in the Pilbara region.  A Sanukitoid intrusion known as Jallogoonina Stock from the Indee Suite –Sisters Supersuit, is mapped within the Skywell project area. Several magnetic features were observed near-margin and within the intrusion, with six of them already covered by a broad-spaced soil sampling program returning coincident geochemical anomalies.  The first-pass soil sampling program at the Skywell Project defined three major geochemical anomalies that defined the Akari, Kepler and Omid prospects, who are right next to fold axis and major structures and showed strong soil anomalies, up to 118 parts per billion (ppb) gold from ultrafine sample SWS548. Mt York exploration At the end of April, Kairos started a mapping program and a geochemical sampling program at the Mt York project to assist the new target generation within the project area. Strong gold-in-soil anomalies from historical geochemical surveys were investigated and an in-fill and extensional soil sampling program is currently being conducted to better define drilling targets. The Batavia prospect was determined based on the historical results and the company has now completed a heritage survey over these target areas. Drilling at Mt York project is due to start next week, with two RC rigs expected to be on-site next month. Kangan exploration Kairos has completed the first heritage survey for the Kangan Project area and earthmoving is expected to start next week. The company has secured an air-core rig for an around 5,000 metres program due to start in June. The first-pass aircore drilling program will test the Target 1 area, where a large geochemical anomaly is coincident with a north-south magnetic feature and with an interpreted intrusion margin. Next steps Going forward, its next steps include: ➢ Roe Hills RC drilling; ➢ Mt York RC drilling; ➢ Mining studies for the Mt York Project; ➢ Geochemistry sampling program at the Mt York Project; ➢ In-fill and extensional soil sampling program at the Skywell Project; ➢ Air-core drilling at the Kangan Project; and ➢ Heritage survey and air-core drilling at the Skywell Project.

Full Article