Kin Mining Air-Core Results Extend Eastern Corridor
THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported receipt of the final batch of assays from recent air-core (AC) drilling in the Eastern Corridor area of the company’s 100 per cent-owned Cardinia gold project (CGP) near Leonora in Western Australia.
Kin Mining said the assays complement previously reported AC drilling results from the Collymore prospect in 2020 and results from a recently completed extensional AC program.
The company declared the latest results provide further evidence of an extensive, continuously mineralised corridor spanning the entire five kilometres strike extent between the Cardinia Hill, Helens, Rangoon and Collymore prospects.
The latest results include intercepts interpreted to have defined extensions to two parallel mineralised trends north of Rangoon in the Eastern Corridor.
KIN has interpreted results from between Rangoon and Collymore to have confirmed the continuity of the mineralised structures between the Rangoon deposit and the Collymore prospect.
This has been determined from intercepts such as:
CR23AC415
16 metres at 0.57 grams per tonne gold from 56m; and
CR23AC419
6m at 0.81g/t gold from 60m to EOH.
“We are pleased with the consistently strong results generated from the recent air-core drilling program, following on from the initial results released on 1 June between Rangoon and Collymore and further results released on 13 June between Helens East and Cardinia Hill,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.
“These latest results confirm that a number of newly discovered mineralised positions within the Eastern Corridor have geological continuity of mineralisation, confirming these areas as priority targets for follow-up RC drilling and highlighting extensions to previously intersected quartz pyrite mineralisation.
“These results have very similar characteristics to those seen at all deposits within the Eastern Corridor – where the combination of anomalous soil geochemistry at surface followed by broad-spaced, ore grade AC results in the oxide and regolith zone in the right geological environment has frequently led to the discovery of sizeable gold deposits at depth when tested with RC and diamond drilling.
“Based on these similarities, we’re very much looking forward to testing the emerging additional mineralised positions with deeper drilling.
“The Eastern Corridor – where Kin has focused most of its exploration efforts over the last 18 months – is emerging as a large, multi-faceted mineralised gold camp.
“It already hosts a very significant mineralised position, with Mineral Resources totalling 475,000 ounces at 1.42 grams per tonne defined so far, mainly at the Helens-Rangoon, Helens East and Cardinia Hill deposits, the three most recent discoveries.
“With these latest results suggesting that the two kilometres strike extent between Collymore and Rangoon may be continuously mineralised – opening up the possibility of significant additional targets along this corridor – we believe that the growth potential in this area for more discoveries of similar size and grade is exceptional.”