Kairos' Executive Chairman, Terry Topping, said: 'This is an exciting discovery, which was made following a detailed review of the extensive geochemical sampling program completed in 2020.
The significance of this extending north-east trending anomaly has been further enhanced by the discovery of the Manna lithium prospect, located 10km to the north, by Breaker Resources (ASX: BRB).
'Breaker has recently transacted on this exciting emerging discovery in a deal with Global Lithium Resources (ASX: GL1), which has acquired an 80% interest in the tenements.
'Given the scale and potential significance of the anomalism, we recently conducted a site visit which has shown that the anomalous area is suitable for AC drilling and potential follow-up RC drilling. We have initiated an extensive field program with additional soil sampling and mapping underway and, with heritage clearances already in place, we will prioritise drilling as soon as we can secure a suitable drilling rig. 'In light of this significant development, the Kairos geology team recently completed a desktop study based on existing available data to identify other potential lithium targets at Roe Hills.
This work has been successful in delineating at least eight areas of interest, which will also now be followed up by our field teams. 'This is an exciting new lithium exploration opportunity which complements the significant lithium targets we have defined recently within our Pilbara exploration portfolio.'
Kairos Minerals Ltd (ASX: KAI 'Kairos' or 'the Company') is pleased to advise that it has identified a new coherent lithium and pathfinder elements anomalous corridor at its 100%-owned Roe Hills Project, located east of Kalgoorlie in WA.
This high-priority lithium target is located approximately 10km south of the Manna Lithium Project, owned by Global Lithium Resources and Breaker Resources (ASX: GL1 and ASX: BRB). The 2.7km x 0.4km northeast-trending lithium and pathfinder elements anomaly is similar in terms of its orientation, interpreted geology and geochemistry to the Manna Lithium Project. There is no recorded past exploration for lithium within the Roe Hills Project area.
Soil Geochemistry Program
In 2020, Kairos conducted a soil sampling program in the northern part of the Roe Hills Project to target regional structures that are associated with gold mineralisation in the region. The program consisted of 1,311 soil samples collected at 200m x 50m spacing. The samples were sent to Intertek Laboratory in Perth for gold and multi-element analysis.
The results generated a gold target and, in 2021, the Company drilled six RC drill holes for 901m to test it. Drill hole RHRC120 returned the best gold intercept of 4m @ 1.63g/t Au from 48m. In addition, the same drill hole returned a zinc sulphide zone of 20m @ 0.42% Zn from 96m, which could indicate the presence of VMS mineralisation in the region. There is no spatial relationship between the gold and zinc results and the lithium-in-soils anomaly. A recent review of the multi-element geochemistry has highlighted a coherent lithium and associated pathfinder elements anomalous corridor
About Kairos Minerals
Kairos Minerals (ASX: KAI) is a diversified West Australian-based exploration company which is focused on the exploration and development of two key project hubs located in WA's premier mining districts. The Company's 100%-owned Pilbara Gold-Project has its central 'hub' located 100km south of Port Hedland in the world-class Pilgangoora district immediately adjacent to the major lithium-tantalum projects owned by Pilbara Minerals, which is currently in production. Since acquiring the Project in early 2016, Kairos has established a JORC Indicated 8.56Mt at 1.3 g/t for 366,000oz and Inferred 12.36Mt at 1.28 g/t for 507,000oz for a Total Mineral Resource of 20.93Mt @ 1.3g/t Au for 873,500oz (ASX announcement, 4 March 2020).
The Project encompasses the historical Lynas Find gold project, which produced over 125,000oz of gold between 1994 and 1998. Kairos's 100%-owned Roe Hills Project, located 120km east of Kalgoorlie in WA's Eastern Goldfields, comprises an extensive tenement portfolio where the Company's recent exploration work has confirmed the potential for significant discoveries of gold, lithium, nickel and cobalt mineralisation. Kairos' tenure adjoins the emerging Lake Roe gold discovery, owned by Breaker Resources (ASX: BRB). In the Pilbara, Kairos also holds 2,026 square kilometres of tenure (granted and applications) which is highly prospective for gold and lithium-caesium-tantalum pegmatite discoveries. Kairos has been well recognised for its industry leading technical team that includes its Chairman Terry Topping (Taipan Resources NL, Cauldron Energy Ltd), Technical Director Neil Hutchison (Poseidon Nickel, Jubilee Mines) and consulting specialists.
Contact:
Tel: 08 9388 1474
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