Kairos Minerals Ltd has discovered an extensive area of conglomerate-hosted gold nuggets and visible gold during ground-based exploration activities at the Croydon Project.
The Croydon Gold Project is located within the central part of Kairos’ 100 per cent-owned Pilbara Gold Project, located approximately 100 kilometres south of Port Hedland in the Pilgangoora district.
Kairos commenced field exploration at the Croydon Project in May 2019 to follow up the positive results generated by recent stream sediment programs and the six nugget patches that were discovered in late 2018.
During ground-based soil sampling, metal detecting and mapping, Kairos geologists identified a new conglomerate unit which lies in a valley roughly 2 kilometres south of the initial nugget patch.
The gold-bearing conglomerate horizon extends over a strike length of approximately 700 metres, has a width of 200 metres and thickness ranging from 1 to 5 metres.
223 gold nuggets, totalling 656 grams (21.1 ounces) of gold were recovered from the newly identified area.
The recovered nuggets range in weight from 0.5 grams to 17 grams and display both flattened ‘watermelon-seed’ shapes with pitted texture, as well as irregular forms.
Kairos further stated that the conglomerate horizon occurs at surface, making it easily accessible for metal detecting and potential future sampling or trial mining.
It is considered to be directly analogous to the Purdy’s Reward discovery near Karratha which first sparked interest in conglomerate-hosted gold in the Pilbara.
This is the first time that Kairos has encountered intact gold nuggets hosted directly in a conglomerate unit.