Newly named Kairos Minerals expands lithium footprint
Published 18-APR-2016 17:35 P.M.
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2 minute read
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Kairos Minerals (ASX:KAI) formerly Mining Projects Group, is set to further strengthen its position in the East Pilbara lithium province of WA.
Kairos, an ancient Greek word meaning opportune or supreme moment, recently lodged application for eight highly prospective tenements.
The new tenements cover ̴700sqkm and give Kairos access to advanced exploration opportunities within a preferred geologic corridor of the East Pilbara Granite Greenstone terrain (EPGG).
The corridor is defined to the east and west by NNE trending craton-scale techtonostratigraphic domain boundary structures.
The new tenements secure positions on or adjacent to the major structures and proximal to confirmed fertile parental granite plutons with proven rare element LCT pegmatite occurrences.
KAI’s new tenements are well positioned.
The new additions to Kairos’ portfolio complement its flagship gold project to the east and south of the world-class Pilgangoora Lithium-Tantalum Project currently being developed by Pilbara Minerals (ASX:PLS).
Kairos has mobilised a team to commence evaluation of high priority targets in the Pilbara Lithium Gold Project. Planned activities include surface mapping and rock chip sampling to firm up targets for drilling.
“We’re seizing the opportunity and making things happen,” said Kairos Managing Director Mr Josh Wellisch.
“Over the past two months we have been able to assemble an enviable portfolio of prospective lithium projects in the heart of one of the world’s most significant emerging mining centres for lithium and tantalum, in close proximity to several existing and emerging strategic metals operations.
“Now, with exploration programs commencing on the ground, shareholders can look forward to a period of strong pending news-flow as we test some of the priority targets identified at the Pilbara Project and begin the evaluation of some of our newly acquired ground.
“Our exploration effort in the emerging Pilbara Lithium Province is underpinned by a rigorous technical approach and strong technical capability, led by our exploration manager Steve Vallance, and we are confident this excellent work will bear fruit in the months ahead.
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