THE DRILL SERGEANT: Kin Mining (ASX: KIN) kept market-watchers on their toes this week with a further announcement from the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.
Kin Mining followed up results from its Helens East prospect with strong assay results from recent aircore (AC) drilling at the East Lynne prospect, located 3km north-east of the proposed plant site at the CGP.
Assay results from Line 5 and Line 6 of the recently-completed 14-line program include:
20 metres at 0.96 grams per tonne gold from 20m;
4m at 2.21g/t gold from 20m; and
12m at 1.28g/t gold from 12m.
4m at 0.83g/t gold from 24m; and
4m at 1.03g/t gold from 28m.
“These new AC results show a semi-continuous zone of mineralisation is present at East Lynne, spanning an area 100 metres wide and up to 1.3 kilometres long and lying above a significant geological contact,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.
“This broad zone of sporadic, shallow oxide gold mineralisation with strongly anomalous multi-element geochemistry is a compelling target for testing with deeper RC and diamond drilling.
“We are eagerly awaiting results from the remaining eight lines of this broad-spaced AC program to get a clearer sense of the potential scale of this target ahead of follow-up RC drilling.
“The mineralisation at East Lynne appears to be hosted by a volcaniclastic unit with Felsic Volcanic, Mafic and sedimentary rocks with variable amounts of quartz veining, alteration and sulphide pitting encountered in the AC drilling.
“This indicates to our geological team that the underlying geological contact at East Lynne is a complex and potentially strongly altered geological feature.
“The multi-element geochemistry in this area is extensive and extends over an area spanning approximately six kilometres by 0.6 kilometres.
“In the meantime, we’re also progressing a program of in-fill AC drilling at East Lynne, building on the encouraging results reported from the northern end of this large gold target last month.
“In addition, EIS co-funded diamond drilling is also continuing to test geophysical targets at depth.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE