At the Kangan project about 105km to the northeast, the company is using a “nearology”-style play to heavyweight conglomerate gold developer Novo Resources’ Egina mining centre, located 20km west, where that company has outlined the significant potential for gold in ancient marine terrace gravels.
Kairos has reviewed previous geological mapping completed on its Kangan tenement package and believes the region is prospective for accumulations of gold mineralisation in gravels, similar to Egina.
The company is also hunting down the lithium potential for several pegmatites it recently identified in the Kangan project Holdings.
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A second team has been dispatched to the Kangan Project, located 20km east of Novo Resources’ Egina Goldfield … with some interesting new targets on these tenements with strong similarities to the gold in marine terrace gravels reported by Novo Resources.”
“The Kangan team will also inspect some … outcropping pegmatites for their lithium potential. Given the location of these tenements in the same geological setting as some of the world’s biggest lithium deposits at Wodgina and Pilgangoora, we believe that the lithium potential is well worth investigating.”
