
- NORTH AMERICA EDITIONAustraliaNorth AmericaWorld
July 31, 2022
Results of up to 1.91% Li2O just 4km from Pilbara Minerals’ Pilgangoora lithium-tantalum mine; Drilling being planned for September
Kairos Managing Director, Dr Peter Turner said: “The high-grade lithium results, combined with the confirmation of spodumene mineralogy, is a very exciting development.
Highlights
- Five pegmatite samples from the Lucky Sump prospect at Mt York have returned exceptional assays including:
- 1.91% Li2O & 103 ppm Ta (MYR393)
- 1.56% Li2O & 115 ppm Ta (MYR401)
- 0.58% Li2O & 167 ppm Ta (MYR396)
- The spodumene-bearing pegmatite samples were discovered during routine earthmoving activities next to the flagship Mt York gold deposit
- The spodumene pegmatites are part of a larger interpreted dyke swarm at Mt York
- Planning underway to RC drill-test large area of Lucky Sump
“In light of these exceptional results, we plan to expedite planning to drill all of Lucky Sump. We intend to test the entire interpreted pegmatite dyke swarm, which is under cover, with the first RC drilling anticipated in September.
“We are in a Tier 1 destination for spodumene pegmatite projects with two world-class Li-Ta deposits (ASX:PLS, ASX:MRL) in the neighbourhood and we have demonstrated that we have the right fertile geology for significant Lithium-Caesium-Tantalum (LCT) pegmatite discoveries”.
Figure 1. Kairos Geologist Campbell Watts holding a piece of spodumene-bearing pegmatite (MYR393 – 1.91% Li2O) discovered at ‘Lucky Sump’ during routine earth moving activities.
Five samples of pegmatites that were analysed by hyperspectral and XRD methods confirming the presence of spodumene mineralogy (see KAI Announcement dated 12 July 2022), were submitted to NAGROM Laboratories in Perth for chemical analysis. Photographs of the pegmatites are shown in Figure 2.
The samples were crushed and pulverised and a 200g subsample selected for Na-peroxide fusion with hydrochloric acid digestion. This method was selected as it is considered to be a complete dissolution of all resistate minerals they may contain the selected elements of interest. The analysis of the samples was conducted using inductively couple plasma mass spectrometry (ICP-MS) with the elements Li, Rb, Cs, Be, Mn, Fe, Ti and Ta selected. The results are shown in Table 1.
Table 1. Assay results from NAGROM Laboratory, Perth. Conversion of Li ppm results to Li2O involves a two-step process to divide the Li ppm result by 10,000 (conversion to Li %) and multiplying Li % by 2.153 to obtain the Li2O equivalent. Method ICP005 refers to NAGROM’s Inductively coupled plasma mass spectrometry analysis code.
Figure 2. Lucky Sump pegmatite samples showing lithium and tantalum results.
Click here for the full ASX Release
This article includes content from Kairos Minerals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
KAI:AU
INN Article Notification
The Conversation (0)
14 February 2022
Kairos Minerals
Developing Highly Prospective Gold Projects in a World-Class Gold District
Developing Highly Prospective Gold Projects in a World-Class Gold District Keep Reading...
1h
Gemdale Gold
Gemdale Gold Inc is currently a private company focused on exploration for gold and other metals in Finland. For the past 5 years Gemdale has been building a strong presence in Finland, with a highly experienced management team and a strong portfolio of properties in Central Finland and Lapland... Keep Reading...
7h
Perpetua Closer to Securing US Backing for Multibillion-Dollar Stibnite Project
Perpetua Resources (TSX:PPTA,NASDAQ:PPTA) moved closer to securing US government backing for its Stibnite gold and antimony project in Idaho after the Export-Import Bank advanced a proposed US$2.7 billion loan to Congress for review.The proposed package includes a direct loan of about US$2.2... Keep Reading...
12h
Gold Runner Exploration Announces Closing of Upsized Institutionally Supported Non-Brokered Private Placement Financing of Flow-Through Units and Charity Flow Through Units for $3.1 Million
Gold Runner Exploration Inc. (CSE: GRUN) (FSE: CE70) ("Gold Runner" or the "Company") is pleased to announce that, further to its press releases dated March 10, 2026 and March 23, 2026, and due to strong demand, the Company has closed its institutionally supported, non-brokered private placement... Keep Reading...
31 March
Steve Barton: Gold, Silver, Uranium, Oil — Price Targets, Key Levels
Steve Barton, host of In It To Win It, shares his current strategy, saying he's looking to take profits in oil stocks and rotate into the gold, silver and uranium sectors. "We've had an amazing selloff — nothing with the fundamentals has changed with gold other than it's gotten better, it's... Keep Reading...
31 March
Alice Queen: Trenching Results at Viani Gold Project Emulate Drilling Results “Almost Perfectly”
In a recent update, Alice Queen (ASX:AQX) founder and Managing Director Andy Buxton shared that exploration continues at the company's Viani gold project in Fiji.“Trenching results emulate the drilling results almost perfectly, with peaks of 20 grams per tonne gold. (The) gold-to-silver ratio is... Keep Reading...
31 March
Peruvian Metals Closes Second and Final Tranche of Private Placement
Peruvian Metals Corp (TSXV: PER,OTC:DUVNF) ("Peruvian Metals" or the "Company") is pleased to announce the closing of the second and final tranche of its non-brokered private placement (the "Offering") previously announced on March 12, 13, and 26, 2026. Pursuant to this second tranche of the... Keep Reading...
Latest News
Interactive Chart
Latest Press Releases
Related News
TOP STOCKS
American Battery4.030.24
Aion Therapeutic0.10-0.01
Cybin Corp2.140.00









