THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported new assay results from recent aircore (AC) drilling at the East Lynne prospect at the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.
The Kin Mining carried out the recent drilling as part of its ongoing Phase 3 drilling program.
Assay results were received for drilling Lines 9 and 10 of 14 lines of AC drilling completed recently across the East Lynne trend.
Assay results include:
4 metres at 1.23 grams per tonne gold from 20m, and 4m at 1.25g/t gold from 40m.
4m at 0.92g/t gold from 28m.
Further assay results were received for in-fill Lines on the Collymore trend in the Northern Zone, including:
3m at 3.4g/t gold from 84m to EOH; and
4m at 3.14g/t gold from 16m.
The results confirm the continuity of the East Lynne mineralisation in AC drilling from Line 2 to Line 10, a distance of 3.2km
High-grade gold mineralisation in the near-surface environment is shown to be present above a broad zone of sulphide mineralisation marked by a strong IP anomaly above a major geological feature at East Lynne.
“Air-core drilling is continuing to deliver the goods at East Lynne, with more encouraging ore grade results seen in the southern part of the Central Zone and some significant high-grade results from the first batch of in-fill drilling in the Northern Zone in what we now refer to as the Collymore Trend,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.
“The high-level takeaways for investors are that we have confirmed the continuity of shallow mineralisation in air-core drilling over a 3.2 kilometres strike length from lines 2 to 10.
“This combined with the favourable underlying geology and structures gives us great confidence that we may be onto something quite significant at East Lynne.
“Before we are able to confirm this, we will need to see the results of the initial RC drilling we have completed and diamond drilling which is in progress.
“The first 12 RC holes have been drilled in and around the high-grade shallow intercepts seen in lines 3-9.
“We are awaiting assays. In the meantime, diamond drilling is continuing in a systematic fashion to test the underlying IP anomaly.
“The results should give us a much clearer picture of the scale and significance of what we might be dealing with at East Lynne.”