Kairos Minerals

Strong Lithium And Gold Targets Identified At Croydon Project, WA

Soil sampling outlines several lithium targets, with values up to 177ppm and coincident mapped pegmatites, plus large gold anomalies up to 2.5km-long in the Pilbara

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).


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.

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Cautionary Statements

This press release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. All statements in this news release, other than statements of historical facts, including statements regarding future estimates, plans, objectives, timing, assumptions or expectations of future performance, including without limitation, statements regarding the completion of the Offering and the timing thereof, and the anticipated use of proceeds of the Offering are forward-looking statements and contain forward-looking information. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates," or variations of such words and phrases or statements that certain actions, events or results "may," "could," "should" or "would" or occur. Forward-looking statements are based on certain material assumptions and analyses made by the Company and the opinions and estimates of management as of the date of this press release, including, but not limited to, that the Company will complete the Offering on the terms disclosed, that the Company will receive all necessary regulatory approvals for the Offering, that the Company will use the proceeds of the Offering as currently anticipated; and assumptions relating to the state of the financial markets for the Company's securities. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements or forward-looking information. Important factors that may cause actual results to vary, include, without limitation, that the Company may not be able to raise funds under the Offering, as currently anticipated, that the Company may fail to receive any required regulatory approvals for the Offering, that the Company will not use the proceeds of the Offering as anticipated, market volatility, unanticipated costs, changes in applicable regulations, and changes in the Company's business plans. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

SOURCE Quimbaya Gold Inc.

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