Strong Lithium And Gold Targets Identified At Croydon Project, WA

Kairos Minerals Ltd (ASX: KAI) is pleased to advise that it has identified new gold and lithium targets at its 100 per cent-owned Croydon Project in WA’s Pilbara.

Highlights

• Strong results from more than 1,300 soil samples reveal highly prospective lithium and gold anomalies
  
• Four lithium anomalies with elevated pathfinder elements were identified, up to 8km-long and coincident with mapped pegmatites
• Viento is a new 2.5km-long target defined by a robust gold anomaly
• Aqua Prospect is a 1km-long anomaly up to 3,060 ppb Au with nearby Pb- Zn-Cu association with values of up to 3,115ppm Pb, 663ppm Zn, 265ppm Cu
• Tierra prospect: In-fill soil results confirm and refined the target area, with values up to 1,511ppb Au

Kairos Managing Director, Dr Peter Turner said: “These are very strong results which demonstrate that Croydon has outstanding potential to host extensive lithium and gold mineralisation.

“In light of these results, we are moving quickly to implement follow-up programs of field verification, mapping and drilling.

“It is important to note that the large Croydon Project was pegged for its geological characteristics and potential to host Hemi-style mineralisation – these results attest to its prospectivity not just for gold but for significant lithium mineralisation as well.

“The Viento-Fuego-Tierra-Aqua Prospects are significant gold anomalies arranged in clusters over 20km along a granitic margin and provide Kairos with an exciting pipeline of gold prospects with scale and tenor that warrant imminent drill-testing”.

The targets have been identified by the successful geochemical sampling program in which 1,304 soil samples were collected at 200m x 80m and 800m x 160m spacing and submitted for Ultrafine+™ analysis at the Labwest Laboratory in Perth.

The complete data analysis has identified a new gold target at the Viento prospect and four new lithium targets. The Tierra and Eastern 1 lithium targets show similar geological settings to the Mt Cassiterite pegmatite suite, part of the 259Mt @ 1.17%Li2O deposit, owned by Mineral Resources and Albemarle Corporation (ASX: MIN and NYSE: ALB).

Kairos has also completed the in-fill soil sampling program at Tierra and Aqua prospects, with taregts now ready to be drill-tested.

Lithium Targets

The geochemical soil sampling program defined four new lithium targets based on elevated lithium and pathfinder elements and the local geology (Figure 2).

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