THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported the latest assay results it has received from recent air-core and Reverse Circulation (RC) drilling at the company’s 100 per cent-owned Cardinia gold project near Leonora in Western Australia.
Kin Mining took receipt of assay results from RC drilling undertaken at the Comedy King prospect and air-core (AC) drilling at Comedy King and the Faye Marie prospects, located approximately 2.7 kilometres from the proposed processing plant site at Cardinia.
The assays results came from 12 Reverse Circulation (RC) holes drilled at Comedy King as well as 104 air-core holes drilled at Comedy King and 51 air-core holes drilled along the Faye Marie.
Better hits included:
Comedy King AC
4 metres at 113 grams per tonne gold from 0m.
Comedy King RC
2m at 8.1g/t gold from 37m;
3m at 1.5g/t gold from 70m; and
2m at 1.98g/t gold from 7m.
Faye Marie AC
8m at 3.01g/t gold from 36m; and
4m at 1.29g/t gold from 20m.
Kin Mining said the results build on the previous air-core drilling results from Comedy King and combine with the recent drilling at Faye Marie, supported by surface gold geochemistry, to demonstrate a coherent zone of gold mineralisation extending over a strike length of up to 3km.
The company also noted the intercept of 4m at 113g/t gold from surface at Comedy King, saying this highlights the potential for the Cardinia area to host extremely high-grade gold.
“Our exploration-driven strategy at the Cardinia gold project is continuing to gather momentum, with the latest batch of results demonstrating the potential for a large and coherent gold system extending from Faye Marie to Black Chief in the south and across to Comedy King,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.
“The bonanza grade intercept of 4m at 113 grams per tonne from surface is a standout for air-core drilling, and clearly demonstrates the potential for exceptionally high gold grades at the Cardinia project.
“We are also developing a clearer understanding of the orientation and controls of the mineralisation in the Comedy King-Faye Marie-Black Chief corridor, and this area will be one of a number of areas to follow up in our next phase of drilling.
“In the meantime, a significant number of assay results are still in the pipeline from Cardinia Hill and Lewis East.
“We expect to receive these results over the next week or so with the objective of wrapping up all of the results from this phase of drilling by early June and planning our next exploration campaign thereafter.”