Kairos Minerals (ASX:KAI) has obtained exceptional assays from pegmatite samples collected at the Mt York prospect in Western Australia.
“The high-grade lithium results, combined with the confirmation of spodumene mineralogy, is a very exciting development,” Managing Director, Dr Peter Turner, said.
“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 in the neighbourhood and we have demonstrated that we have the right fertile geology for significant Lithium-Caesium-Tantalum (LCT) pegmatite discoveries.”
Highlights
• Five pegmatite samples from the Lucky Sump prospect at Mt York have returned exceptional assays including:
o 1.91% Li2O & 103 ppm Ta (MYR393)
o 1.56% Li2O & 115 ppm Ta (MYR401)
o 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
Next Steps
• Additional pegmatite sample collection at Lucky Sump and pegmatite mapping
• Camp establishment at Mt York ahead of major drilling campaign for both gold and now lithium
• Drill contract negotiations for 2,000m RC/DDH (lithium)
• Drill contract negotiations for 20,000m RC and DDH at Mt York H2, 2022 (gold)
• Contract negotiations with consultants for mining engineering studies, geometallurgical testwork, geotechnical studies, environmental and hydrological studies (gold)
For further information please visit: https://www.kairosminerals.com.au/
