Kin Mining Upgrades Cardinia Hill Potential
THE DRILL SERGEANT: Kin Mining (ASX: KIN) has highlighted the potential of the Cardinia Hill deposit to expand the current 61,000 ounce Inferred Mineral Resource at the company’s 100 per cent-owned Cardinia Gold Project (CGP), near Leonora in Western Australia.
Kin Mining reported wide, high-grade assay results from an initial Reverse Circulation and diamond Resource Definition drilling program at the Cardinia Hill deposit, located two kilometres from the project’s proposed processing plant location.
The company declared the results have confirmed its understanding of the geology in the oxide and sulphide zones at Cardinia, with assays including:
CH21RC142
8 metres at 14.9 grams per tonne gold from 194m;
CH21DD093
12m at 7g/t gold from 80.6m;
CH21RC116
13m at 5.98g/t gold from 38m; and
CH21RC112
24m at 3.12g/t gold from 19m, including 9m at 6.95g/t gold from 34m.
“This is a great way to close-out the first quarter, with the first batch of assays from the Resource Definition drilling program at Cardinia Hill well and truly coming up with the goods,” Kin Mining managing director Andrew Munckton exclaimed in the company’s ASX announcement.
“The results have exceeded our expectations and upgraded the potential of this deposit, as well as our understanding of, and growing confidence in, the emerging Eastern Corridor which hosts Cardinia Hill and numerous other recently defined targets.
“The recent drilling has intersected high-grade gold associated with pyrite mineralisation at shallow depths in the Southern Shoot and strong intersections were also achieved at depth within the extension of this shoot of mineralisation.
“The number of results exceeding 30 gram-metres, plus standout intercepts such as 8 metres at 14.9 grams per tonne gold from 194m down-hole in CH20RC142, 12 metres at 7 grams per tonne gold from 80.6m down-hole in CH21DD093 and 13 metres at 6 grams per tonne gold from 38m down-hole in CH20RC116 in the main lode position, demonstrates the continuity of the high-grade zone to significant depths at the Southern Shoot and augurs well for an improving grade profile for the near-surface component and the overall deposit.
“The 25 metres by 25 metres Resource Definition drilling program, with a strong diamond drilling component, is giving the geological team a detailed understanding of the controls on the mineralisation at Cardinia Hill and has confirmed the importance of porphyry intrusions as a controlling factor in the distribution of the high-grade mineralisation.
“Deeper diamond drilling is also providing new insights into the depth extensions of the Southern Shoot into potential underground mining positions.
“This information is now being applied to the remaining drilling at Cardinia Hill and the upcoming drilling at other Eastern Corridor targets, which is now well underway.
“Elsewhere across the project, air-core drilling at 200 metres line spacing over the Eagle soil geochemical anomaly located on the western side of the CGP is nearing completion and RC drilling has commenced to test the seven targets in the Eastern Corridor which were highlighted in the recent gravity survey work.
“These targets have the potential to reveal new discoveries for the company similar in scale to Cardinia Hill and align with our view that the Cardinia area hosts a number of potentially large, high-grade positions across the project area.
“Underpinned by a strong bank balance, our 2021 exploration campaign is now off to a flying start and we are very optimistic about what we can deliver for our shareholders with the drill rig this year!”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE
Email: info@kinmining.com.au
Web: www.kinmining.com.au