THE DRILL SERGEANT: The gold hits continue for Kin Mining (ASX: KIN) from the ongoing Phase 3 drilling program at the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.
This time the news is from the Helens East prospect, from where Kin reported results of the initial eight RC drill holes completed as part of a 15-hole program designed to follow up broad-spaced AC drilling.
21 metres at 3.58 grams per tonne gold from 45m, including 5m at 4.28g/t gold from 50m;
7m at 6.16g/t gold from 58m;
1m at 5.01g/t gold from 16m and 2m at 2.65g/t gold from 49m; and
1m at 2.34g/t gold from 37m.
Helens East is located 1.5 kilometres from the site of the proposed processing plant at the CGP, and is one of multiple new priority targets outside of the known deposits currently being drilled as part of the Phase 3 program.
The results received so far from the recent RC program at Helens East have demonstrated the presence of a large zone of consistent sulphide-hosted mineralisation.
“These exciting new high-grade results from RC drilling at Helens East represent a significant breakthrough in the broader context of the ongoing Phase 3 program,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.
“The broad zone of consistent, shallow high-grade sulphide mineralisation encountered is exactly what we are looking for as part of our broader exploration program at the CGP.
“We are eagerly awaiting further RC drilling results from the remainder of the holes in order to confirm that Helens East is a significant new discovery for the company.
“The mineralisation at Helens East appears to be similar in style and mineralogy to both the Helens mineralisation and the Cardinia Hill mineralisation, which are located nearby.
“This indicates to our geological teams a common source for the Helens, Cardinia Hill and Helens East deposits.
“These lodes appear to be part of a significantly larger mineralised system of high-grade, sulphide-dominant lodes and veins on the eastern side of the Cardinia area linked to the Helens Fault.
“The Helens Fault is believed to be a regionally significant structure which is likely to control mineralisation at a number of prospects including Helens, Fiona, Rangoon, East Lynne, Cardinia Hill and now Helens East.
“The multi-element geochemistry in this area is extensive and extends over an area spanning approximately 2km by 1km.
“The Helens East area will be further tested with additional RC and diamond drilling once the remaining 16 RC holes drilled in this initial follow-up have been returned from the assay lab and the RC rig returns to site in early September.
“In the meantime, the extensive in-fill air-core program at East Lynne is continuing, building on the encouraging results reported from the northern end of this large gold target last month and the EIS co-funded diamond drilling is continuing to test some conceptual geophysical targets at depth.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE