THE DRILL SERGEANT: Kin Mining (ASX: KIN) announced new results from recent drilling carried out at the Helens prospect, part of the first open pit development proposed at the company’s Cardinia gold project in Western Australia.
Kin mining said the Helens Resource definition drilling has confirmed the location and continuity of the mineralised lodes with results including:
7.8 metres at 3.4 grams per tonne gold from 13.2m and 3.5m at 2.7g/t gold from 60.5m;
7.1m at 4.7g/t gold from 45.3m;
2.4m at 4.1g/t gold from 56.1m; and
2m at 4.5g/t gold from 18.1m.
The comant declared that an updated Mineral Resource estimate for the Helens deposit is nearing completion along with metallurgical testwork and Feasibilty Stidy final pit design works.
The Helens deposit has a Mineral Resource Estimate of 1.03 million tonnes at 2.14 grams per tonne gold for 70,900 ounces that includes 0.62 million tonnes at 2.18g/t gold for 43,200 ounces of Indicated Resource and 0.41 million tonnes at 2.07g/t gold for 27,700 ounces of Inferred Mineral Resource.
“Resource definition drilling at Helens has focused on confirming the geological interpretation of the deposit and upgrading Inferred Mineral Resources to Indicated Mineral Resources,” Kin Mining said in its ASX announcement.
“This drilling at Helens has shown that the recently updated geology model is robust with all RC and Diamond holes intersecting the target structure(s) and 23 of the 28 holes recording significant lode style mineralisation at the predicted position in the resource model.”