THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported further assay results from recent in-fill Reverse Circulation (RC) drilling at the Bruno-Lewis deposit at the company’s 100 per cent-owned Cardinia gold project (CGP) in Western Australia.
The results include intersections of zones of shallow high-grade mineralisation, including:
10 metres at 10.8 grams per tonne gold from 15m;
14m at 6.09g/t gold from 39m;
6m at 7.97g/t gold from 26m and 5m at 7.58g/t gold from 59m;
11m at 4.24g/t gold from 74m; and
16m at 4.15g/t gold from 40m.
Kin Mining claimed the results confirmed the quality of the Bruno-Lewis deposit, demonstrating strong potential to upgrade and expand the current 311,000 ounces Mineral Resource Estimate as part of an updated MRE due later this quarter.
The drilling was undertaken at Bruno-Lewis as part of a Phase 3 drilling program the company completed in late 2020 with the aim of extending the mineralisation at depth, increasing the average grade and upgrading the classification of the Inferred Mineral Resource at the deposit.
“These results from the northern half of the Bruno-Lewis deposit are some of the best results we have seen from Bruno-Lewis and from the wider Cardinia area,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.
“While we knew that the north-east dipping lodes that we targeted with this drilling were the source of wide zones of generally lower grade mineralisation further south at Lewis, the intersection of broad high-grade zones at the Bruno end of the deposit, across a substantial strike length, is an extremely pleasing outcome and reflective of the excellent work carried out by the geological team.
“These results reinforce that the Cardinia area in general – and this northern part of Bruno in particular – contains significant areas of high-grade mineralisation both close to surface and at depth.
“The Phase 3 drilling program results continue to demonstrate the exceptional endowment, and enhance the underlying value of the Cardinia Gold Project.
“This drilling will be incorporated as part of a new Mineral Resource Estimate for Bruno-Lewis scheduled for the March quarter, that is anticipated to enhance our project-wide Mineral Resource inventory beyond the 1.15 million ounces figure announced in December 2020.
“The company has a number of exciting new exploration targets to test at Cardinia in 2021 that have similar geology, alteration and mineralisation indicators to those tested during 2020 in the Phase 3 program.
“The high-grade results delivered from the recent Bruno-Lewis drilling campaign provide further evidence that the Cardinia area is a major mineralised gold camp, similar in scale and style to other multi-million ounce gold camps along the Keith-Kilkenny Shear Zone that have supported other gold operations for many years.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE