
- 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
Alert Options
No alert set
INN Article Notification
Alert Option
You will be notified when this event occurs. No additional settings needed.
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...
08 October
Top 5 Australian Mining Stocks This Week: Dalaroo Metals Gains 67 Percent on Drill Results
Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks on the ASX.This week's top five gainers includes companies focused on gold, critical minerals, helium and more.Read on to discover this week's top gaining Australian mining stocks on the ASX and what... Keep Reading...
08 October
Andrew O'Donnell: Gold, Critical Minerals — How I Find "Asymmetric" Opportunities
Andrew O'Donnell of the Market Mindset explains how he's using artificial intelligence tools to unearth overlooked opportunities in the junior mining space, emphasizing the importance of tracking companies that follow through on their plans. "I've got a long-term horizon, and that I think is the... Keep Reading...
08 October
The Two Asset Transition: Why Multiple Producing Assets Matter for Investors
Gold investors tend to focus on the gold price, grades and costs when assessing a producer. The number of mines a company operates gets less attention, but it shapes how much risk shareholders carry and how a company can grow.Global investment manager VanEck said that when you buy a gold... Keep Reading...
08 October
Lahontan Gold Targets 2027 Production Restart at Santa Fe in Nevada
Lahontan Gold (TSXV:LG) founder and CEO Kimberly Ann had big news to share at the Precious Metals Summit in Beaver Creek, Colorado. Lahontan Gold's acquisition* of Emergent Metals (TSXV:EMR,OTCQB:EGMCF) gives it full ownership of West Santa Fe and adds the York claims at New York Canyon. The... Keep Reading...
08 October
Heliostar Metals Starts Open-Pit Mining at La Colorada, Advances Ana Paula
Heliostar Metals (TSXV:HSTR,OTCQX:HSTXF) acquired La Colorada in Sonora during the project’s shutdown, initially restarting it with stockpiles. The company is now working toward expanding the 50,000 ounce Veta Madre pit at the project. Speaking to the Investing News Network at the Precious... Keep Reading...
07 October
Steve Barton: Gold, Silver Prices, Plus Uranium's "Slam Dunk" Setup
Steve Barton, host of In It To Win It, weighs in on the recent price declines in gold and silver, outlining the odds for their next moves. He also discusses uranium, saying that current levels represent a strong entry point for investors. "I think this bet is a slam dunk. I think this is a... 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









