Kin Mining Drills More High-Grade Potential at Cardinia
THE DRILL SERGEANT: Kin Mining (ASX: KIN) continues to encounter gold hits while drilling at the company’s 100 per cent-owned Cardinia gold project (CGP) near Leonora in Western Australia.
Kin Mining carried out further Reverse Circulation (RC) drilling in February at the CGP targeting a recently-identified high-grade exploration opportunity along the Eastern Corridor.
RC drilling along the Helens East Fault intersected a strongly mineralised zone of vein-style quartz-sulphide mineralisation over a strike length of approximately 1km, associated with the Helens East Fault position.
Results include:
HE23RC055
21 metres at 1.9 grams per tonne gold from 103m, including 2m at 5.98g/t gold from 122m;
HE23RC059
5m at 2.6g/t gold from 111m; and
HE23RC056
1m at 15.2g/t gold from 63m.
Kin Mining considers the Helens East Fault to be a second mineralised structure, running parallel to the Helens-Rangoon Fault, which forms part of the Eastern Corridor series of deposits at Cardinia.
The Eastern Corridor has been a major focus for Kin’s exploration activities over the past 12-18 months.
“Our exploration strategy targeting the emerging high-grade potential along the Eastern Corridor is rapidly gaining momentum,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.
“These latest assays build on the strong results reported earlier this year and show that there is an exciting new exploration opportunity based on a high-grade lode style of mineralisation at Cardinia, located below and along strike to some of our existing shallow deposits.
“These results show that the Helens East Fault is a significant structure, hosting high-grade gold mineralisation over a strike length of approximately one kilometre and extending to at least 200 metres below surface, which runs parallel to the Helens-Rangoon Fault.
“We now know that the Eastern Corridor hosts a number of significant structures including the Helens-Rangoon Fault, the Helens East Fault and the Cardinia Hill Fault containing several yet-to-be drilled targets where narrow, high-grade quartz-sulphide lodes persist to significant depths as part of a large mineralised system.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE