THE DRILL SERGEANT: Kairos Minerals (ASX: KAI) announced further expansion to the company’s 100 per cent-owned Pilbara gold project in Western Australia.
Kairos Minerals advised the market it has secured a strategic tenement package it considers prospective for both intrusive-related gold and lithium discoveries.
The package includes the newly named Rocklea project that comprises two new Exploration Licence Applications (E45/5960 and E45/5961), while a new Exploration Licence Application (E45/6018) was added to the existing Lalla Rookh project.
The two Rocklea Exploration Licence Applications cover mainly the granitic rocks of the Sisters Supersuite intrusion, which is displaced by a northwest-southeast fault zone.
The new Lalla Rookh Exploration Licence Application primarily covers the paleoarchaean rocks of the Cleland and Callina supersuites.
Ultramafic rocks are mapped within the ELA and are considered prospective for gold and base metals mineralisation.
The Lalla Rookh historic gold mine sits approximately two kilometres south of the new tenement area.
“This is an exciting addition to our Pilbara gold project, which already encompasses a very large and strategic footprint in this Tier-1 mining and exploration district,” Kairos Minerals executive chairman Terry Topping said in the company’s ASX announcement.
“The new licence applications will increase our overall ground-holdings by 30 per cent to over 2,000 square kilometres, making us one of the largest land-holders in the central and east Pilbara with ground situated across a number of important strategic geological structures.
“The new Exploration Licences covering the Rocklea and Lalla Rookh projects are highly prospective for both Hemi-style, intrusive-related gold discoveries and LCT-style pegmatite lithium discoveries.
“This is another demonstration of our commitment as a long-term strategic explorer in the Pilbara region and further strengthens our deep pipeline of exploration opportunities.
“We look forward to the commencement of initial exploration activities including an airborne magnetic and radiometric survey.”