Kin Mining detects two strong EM conductors at Kingfisher
THE DRILL SERGEANT: Kin Mining (ASX: KIN) has informed the market of two strong bedrock electromagnetic (EM) conductors identified by a recently-completed surface Moving Loop Electromagnetic (MLEM) survey at the Kingfisher nickel-copper-PGE prospect (M40/330).
The Kingfisher prospect is of the company’s Desdemona project area just south of Leonora in Western Australia.
The two bedrock electromagnetic (EM) conductors have been named the Lennie’s prospect.
The first is positioned along strike of basal contact and the second is immediately west of the contact.
Kingfisher TMI image displaying MLEM stations and the identified
conductors north of the known basal contact. Source: Company
announcement
“The bedrock conductors are located in a prospective geological corridor north of the recognised basal contact, in an area that has only been tested with limited shallow RAB drilling,” Kin Mining said in its ASX announcement.
KIN said its geological team previously identified an extensive zone of strong secondary nickel-copper-cobalt-PGE surface enrichment in a weathered peridotite at the Kingfisher prospect.
The mineralisation correlates with historical basal contact ore-grade nickel and copper sulphide intersections with associated platinum and palladium.
The deepest drill intersection from previous exploration activity within the project returned 0.3 metres at 0.75 per cent nickel and 4.8 per cent copper from 152.7m, below this depth and along strike the structure remains untested.
Kin said its initial interpretation of the bulls-eye aeromagnetic signature at Kingfisher indicates the basal contact extends over a strike length of at least 1.4km.
“The MLEM geophysical survey has identified the anomalies north of the plotted contact, suggesting either an extension to the basal contact zone or an area of structural complexity associated with mafic intrusives,” the copany said.
“The recently identified conductors are within this untested northern zone.
“A follow-up Moving Loop Electromagnetic (MLEM) survey will be undertaken as soon practicable to determine and fully test the exact extent and spatial position of the conductors, with a view to subsequently testing the features with Reverse Circulation and/or diamond drilling.”
Email: info@kinmining.com.au
Website: www.kinmining.com.au