Kin Mining Encounters Further Shallow Gold at Cardinia

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported assay results from recently completed drilling programs from the company’s 100 per cent-owned Cardinia Gold Project (CGP) near Leonora in Western Australia.

Kin Mining’s recent activity consisted Reverse Circulation (RC) drilling at the Cardinia Hill prospect and air-core (AC) drilling at the Helens East and Helens South prospects, all considered to be key emerging regional target areas at CGP.

The company said the new results build on previously announced shallow gold results and continue to highlight the potential to identify strong zones of new mineralisation at Cardinia.

New assays include:

Cardinia Hill RC

7 metres at 2.44 grams per tonne gold from 117m and 5m at 1.21g/t gold from 13m;

4m at 0.86g/t gold from 14m; and

1m at 1.07g/t gold from 48m.

Helens South AC

4m at 4.29g/t gold from 12m;

8m at 1.8g/t gold from 4m;

4m at 1.13g/t gold from 28m; and

4m at 1.09g/t gold from 12m.

Kin declared the results at Cardinia Hill have confirmed the presence of several mineralised lodes with significant downdip extent, with shallow mineralisation now defined over a total strike length of 500 metres.

The Helens South AC results confirmed the presence of mineralisation beneath soil anomalies, in areas without any great historical workings and limited historical exploration.

“The recently completed Phase 2 RC and AC drilling program has already given us a significant insight into the enormous untapped exploration potential at the Cardinia Gold Project, with results still outstanding for almost two-thirds of the drilling,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The program was designed to follow up new discoveries made at Cardinia Hill, Comedy King and Lewis East in December last year and to commence first-pass air-core drilling on a number of other targets in the immediate Cardinia area.

“The results so far have reinforced our belief that Cardinia is a significantly mineralised area, worthy of considerable additional drilling and exploration in the coming months.

“So far in Phase 2, several new zones of mineralisation have been discovered at Helens South and Helens East to complement the Phase 1 discoveries.

“Cardinia Hill is shaping up as a significant new discovery with grades achieved so far that are significantly higher than those reported previously across the broader Cardinia Gold Project.

“While the assay results in CH20RC020 and CH20RC021 are not spectacular, they have confirmed the geological continuity of the mineralisation over at least 500m of strike length.

“Logging of follow-up RC drill holes CH20RC034 to CH20RC041 all showed strong alteration and sulphide mineralisation and we are looking forward to receiving these assay results.

“We have little doubt that Cardinia Hill will become a key area of exploration focus for us over the coming months.

“At Helens South and Helens East, air-core drilling has so far defined several new zones of mineralisation down to approximately 30 metres (the depth of penetration of the AC drill) which are co-incident with gold-in-soil anomalies generated from the recently completed Auger drilling program.

“This gives us confidence that the systematic approach we have adopted towards exploration at Cardinia is yielding good results and has put us on a clear pathway to make further significant discoveries.

“Further RC and AC drilling has been completed at Comedy King, Lewis East and Faye Marie.

“The company has approximately 3500 samples being analysed at the laboratory presently, and we are looking forward to reporting these results to the market as they are received.”