KAI’s Pilbara portfolio confirmed as highly prospective for conglomerate-hosted gold mineralisation
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Diversified explorer, Kairos Minerals (ASX:KAI), has today announced that an initial field assessment of its expansive Pilbara lithium-gold tenement portfolio in Western Australia has both confirmed and enhanced its prospectivity for Paleo-Placer “Witwatersrand-style” conglomerate-hosted gold mineralisation.
The target stratigraphy is considered to be the same as that which hosts the recently reported gold discoveries announced by Novo Resources (TSX-V: NVO) at its joint venture project with Artemis Resources (ASX: ARV) in the western Pilbara region.
KAI holds 1,158 square kilometres of tenure in this region, which has recently seen a considerable increase in exploration activity as a result of the Novo/Artemis discovery.
The recent field assessment, alongside results from a review of available geological information for KAI’s tenements, has highlighted the presence of at least 100 strike kilometres of prospective lower Fortescue Group rocks, including both the base of the Hardey Formation and the basal sequence of the Mount Roe Basalt.
No recorded detailed sampling for gold has been undertaken along these horizons within KAI’s tenements, although significant alluvial gold nugget occurrences are reported in the historical record in close proximity at several locations including Croydon, Friendly Creek and Marble Bar.
Following its acquisition and detailed review of the Mt York Gold-Lithium Project last year, KAI has targeted key areas of the west, central and east Pilbara district, primarily for lithium and gold potential.
It is still early stages however and investors should seek professional financial advice if considering this stock for their portfolio.
As mentioned earlier, the Novo/Artemis discoveries, including a significant quantity of gold nuggets found at surface, are associated with a regionally extensive geological formation known as the Fortescue Group of rocks, including the lower Hardey Formation and the Mount Roe Basalt.
Importantly, the presence of these sequences has now been verified extensively throughout KAI’s tenements. These new discoveries have resulted in a significant pegging rush in the area, with Novo and other companies acquiring tenements which secure the Fortescue Group formation across the broader Pilbara region.
As a result of recent peer company activity in the Pilbara region, and approaches by third parties seeking potential farm-in joint venture arrangements, KAI has decided to fast-track a geological review of its tenements to assess the potential for conglomerate-hosted gold mineralisation.
Further field evaluation, including quad bike and/or helicopter-assisted stream sediment and rock chip sampling programs, is set to commence within the coming weeks.
General Information Only
This material has been prepared by StocksDigital. StocksDigital is an authorised representative (CAR 000433913) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
