Sign up Australia
Proactive Investors - Run By Investors For Investors

Kairos Minerals discovers visible gold in Pilbara conglomerates

A 10 kilogram stream sediment sample returned 28 pieces of gold.
Exposed conglomerate sequence at Target 1
Exposed conglomerate sequence at Target 1

Kairos Minerals Ltd (ASX:KAI) has identified a significant exposure of previously un-mapped conglomerates at the base of the Mount Roe Basalt within its Mt Croydon Project in the Pilbara.

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.

View full KAI profile View Profile

Kairos Minerals Ltd Timeline

Related Articles

Copper on the periodic table
March 08 2018
Historical high-grade ore stockpiles present an early cash flow generation opportunity.
drill intersection
October 02 2018
West Musgrave Project is the largest undeveloped nickel-copper project in Australia.
1538040715_DJI_0816_resized.jpg
September 27 2018
Rainbow's Gakara project is one of the highest grade rare earths operations in the world

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use