The company has also successfully recovered visible gold in panned stream sediment samples from the first target to be evaluated.
Kairos’ helicopter-supported exploration was completed within the previously identified 22 kilometre strike length of the prospective contact between the basal Mt Roe Basalt and the Archaean basement.
Significant thick conglomerate were identified at four locations beneath the Mount Roe Basalt which had not previously been reported by government mapping.
At Target 1, conglomerate outcrop extending over 2 kilometre in length has been identified at the base of the Fortescue Group.
The conglomerate forms a large and continuous unit at least 7-8 metre thick and extends over a width of up to 250 metres.
Within this target area a 10 kilogram stream sediment sample was panned which returned 28 pieces of gold.
A further phase of helicopter-supported exploration will be undertaken at the Croydon Project over the next 1-2 weeks, comprising of additional stream sediment sampling and detailed soil sampling.
Drilling is planned for next year.
Pilbara is witnessing significant global interest for conglomerate-hosted gold mineralisation as a result of several high-profile discoveries reported recently in the region.