Looks like KAI's announcement this morning puts CZR's tenements ' sandwiched ' directly in-between Kai's ' Skywell ' project and DEG southern ' Toworana ' deposit and along strike and trend from Hemi.
Would think it should have some impact on the direction of the SP today
Highlights
•Five samples collected along 130m of outcropping quartz veins returned gold grades of up to12.9g/t Au
• Skywell is located just 50km south of Whim Creek with well-established access tracks.
• Kairos is targeting intrusive-related gold potential at Skywell, similar to the Hemi discoverylocated 60km along strike to the north-east.
• An extensive airborne magnetic and radiometric survey comprising 2,146 lines for 13,920kmhas been completed across Kairos’ Pilbara Gold Project, with data processing now underway.
" Kairos’ Executive Chairman, Terry Topping, said: “Our 2020 exploration field season is off to a great start, withour very first program of vehicle and helicopter-supported mapping and sampling at Skywell delivering someimpressive gold grades from rock chips. These results are particularly significant given they were generated fromreconnaissance rock chip sampling targeting a 130m long zone of outcropping quartz veins. “
CZR Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
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