Kin Mining Drilling Highlights Cardinia Growth Potential
THE DRILL SERGEANT: Kin Mining (ASX: KIN) declared a healthy start to diamond drilling being undertaken as part of the next phase of exploration and resource growth at the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.
Kin Mining recently commenced a deep diamond drilling program to evaluate a number of IP geophysical anomalies located below the Helens, Helens East, Cardinia Hill and Rangoon deposits within the Eastern Corridor.
A total of five separate targets have been identified and are being systematically tested with a series of approximately 350m deep diamond holes.
Three holes have been completed to date with drill hole IP001 intersecting visible free gold at 104.7 metres down-hole in new mineralised position east of the Rangoon Fault.
Drill hole IP001 also encountered a broad 13m zone of sericite-carbonate with disseminated pyrite mineralisation at 266m down-hole, below the Helen-Rangoon fault and in an untested area between Helens and Rangoon deposits, and similar in style to the high-grade areas of Rangoon.
“We have made an outstanding start to the current diamond drill program, which is designed to test the first generation of deeper targets at Cardinia potentially to uncover new large-scale discoveries within the exciting Eastern Corridor,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.
“The first of three diamond holes, which were collared to test a series of Induced Polarisation (IP) anomalies, have intersected significant zones of mineralisation in the targeted position.
“Hole IP001 also intersected visible free gold in a new mineralised position, which is highly encouraging and rare in the Cardinia area.
“While it’s still early days, the results are very encouraging and show that IP works very well at mapping buried sulphide zones in the Eastern Corridor.
“The upside potential for the project is substantial!”
Web: www.kinmining.com.au