Kairos Minerals (ASX: KAI) has reported “coherent and robust” gold anomalies, with values up to 118 parts per billion, have been identified across two large gold target areas at its Skywell project in Western Australia.
Skywell is one of several projects within Kairos’ overall Pilbara gold ground.
The anomalies were identified from soil sampling as well as gold pathfinder elements.
Within Skywell, the Kepler prospect holds a target 6km in length. It has features that provide a similar setting for gold mineralisation that was discovered by De Grey Mining (ASX: DEG) at its Hemi project, north of Kairos’ ground.
Another prospect, Akari, is characterised by elevated gold, arsenic and other pathfinder elements. Its anomaly extends over 4km and remains open and sits on the edge of a prominent magnetic anomaly.
“These highly encouraging results from this first-pass regional soil sampling program warrant further infill and extensional geochemical surveys,” the company said.
A desktop heritage study has begun and a program of work is being drawn up for additional exploration.
Last week, Kairos Minerals reported gold targets had been identified at its Kangan project, just 20km from Hemi.
Technical work continues on new finds, drilling next year
Kairos chairman Terry Topping said the systematic soil geochemistry program across the Pilbara project is continuing to generate further gold targets.
“We are continuing to build a pipeline of targets with outstanding potential to host intrusion-related gold mineralisation similar to De Grey’s Hemi discovery,” he said.
“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 follow-up infill geochemical sampling, mapping, and additional field work,” Mr Topping added.
The Pilbara project area is about 100km south of Port Hedland and, since acquiring it in early 2016, Kairos has established a JORC indicated and inferred resource of 20.93 million tonnes at an average 1.3 grams per tonne of gold, for a contained 873,000 ounces.
Kairos regards its 1,236sq km project as being in the “epicentre” of the present-day Pilbara gold rush.
With the recent closure of the $4.2 million capital raising, Kairos is fully funded for its upcoming exploration activities.