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Kairos Minerals identifies two large gold targets at Skywell Project in WA's Pilbara

The targets were identified following a recent successful geochemical sampling program, and the company plans to do fill-in and geochemical surveys.

Kairos Minerals Ltd - Kairos Minerals identifies two large gold targets at Skywell Project in WA's Pilbara
A desktop heritage study has also been initiated at the project

Kairos Minerals Ltd (ASX:KAI) has identified two new gold targets at its 100% owned Skywell Project in Western Australia’s Pilbara region.

The targets were identified following the receipt of results from a recent successful geochemical sampling program, together with the interpretation of data from a recently completed aeromagnetic survey.

Two large distinct targets having coherent and robust gold anomalies, with values of up to 118 parts per billion (ppb) gold, were identified

The Kepler prospect is six kilometres in length and is coincident with magnetic and structural features associated Mallina Basin sediments and the Sisters Supersuit intrusion.

Similarly, the Akari prospect is characterised by elevated gold, arsenic and other pathfinder elements that extends over four kilometres and remains open and the prospect is associated with the Hardey Formation and sits on the edge of a prominent magnetic anomaly.

“Robust gold values”

Kairos executive chairman Terry Topping said: “The systematic soil geochemistry program across our key Pilbara Gold Project target areas is continuing to generate further gold targets.

“The delineation of these two large, robust gold targets at the Skywell Project follows the gold targets reported last week at our Kangan Project, just 20 kilometres from the Hemi discovery.

“The two large anomalies reported in today’s announcement, respectively 6 kilometres and 4 kilometres in length, are characterised by robust gold values in the Ultrafine+ soil sampling program and sit in highly prospective geological positions coincident with important regional structures and strong geophysical features.

“The 6 kilometres long Kepler prospect is also located in similar setting to where we reported very high-grade results from previous rock chip sampling.”

Surveys and drilling continue

The company believes that these encouraging results from the first-pass regional soil sampling program warrant further in-fill and extensional geochemical surveys.

A desktop heritage study has also been initiated and a program of work submitted for additional exploration activities.

Topping added: “We are continuing to build a pipeline of targets with outstanding potential to host intrusion-related gold mineralisation similar to De Grey Mining’s Hemi discovery.

“While we won’t be able to get on the ground to test all of these targets for drilling this year, we will be able to advance many of them to the next stage with followup in-fill geochemical sampling, mapping and additional field work – and we will certainly prioritise air-core drilling at the strongest and most significant of the new targets at Kangan and Skywell this year.

“RC drilling is continuing at the Fuego prospect, where we are also awaiting assay results from the first eight holes.

“Drill pad preparation has been completed at Mt York, which will be the next cab off the rank in terms of drilling, and we have our initial air-core program at the Kangan Project, which we are aiming to commence in early November.”

Quick facts: Kairos Minerals Ltd

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