Kin Mining Encouraged by Shallow Gold Hits at Cardinia

THE DRILL SERGEANT: Kin Mining (ASX: KIN) informed the market it has been encouraged by recent results from ongoing exploration drilling programs at the company’s 100 per cent-owned Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining took receipt of initial assay results from Reverse Circulation (RC) drilling at the Cardinia Hill prospect and from air-core (AC) drilling at the Helens East prospects, both of which are located approximately 2.5 kilometres east of its proposed processing plant site at the CGP.

Kin Mining commenced drilling at Cardinia Hill, Helens East and Helens South prospects in March as part of a Phase 2 program designed to in-fill and extend the mineralisation it had previously encountered at the Cardinia Hill, Comedy King and Lewis East prospects.

First five RC holes all intersect ore grade mineralisation at Cardinia Hill, including:

15 metres at 4.42 grams per tonne gold from 34m;

17m at 3.29g/t gold from 10m;

11m at 1.56g/t gold from 48m;

5m at 3.06g/t gold from 53m and 7m at 1.83g/t gold from 94m; and

6m at 2.28g/t gold from 52m and 4m at 1.92g/t gold from 70m.

Zones of shallow gold mineralisation were intersected in numerous air-core holes at Helens East, adjacent to Cardinia Hill.

Intersections from 4m composite sampling from the first three lines include:

6m at 2.05g/t gold from 28m;

12m at 1.06g/t gold from 0m; and

33m at 1.08g/t gold from 0m.

The company is now waiting on assays for three lines of AC drilling at Helens South.

“These are some of the best results we have seen to date as part of our strategy to unlock the broader exploration potential of the Cardinia gold project, highlighting the opportunity to make substantial new gold discoveries in areas outside of the existing Mineral Resources,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The RC drilling program that commenced in March has delivered some outstanding intersections, characterised by sulphide mineralisation and alteration in all eight holes completed to date at Cardinia Hill.

“The sulphide-rich intersections and accompanying alteration zones in the first five holes have now returned broad widths of high-grade gold mineralisation with a distinctive suite of indicator minerals.

“Ore grade intersections have been encountered from close to surface and up to 100 metres below surface, indicating the potential to extend this style of mineralisation to considerable depth.

“In addition, the Cardinia Hill mineralisation has now been intersected in RC and AC drilling over a strike length of approximately 500 metres, and it remains open in all directions indicating the extensive nature of this style of mineralisation.

“The Phase 2 AC drilling program that commenced at Helens East and Helens South spans an area of approximately one kilometre by 2.5 kilometres sitting between the Helens and Cardinia Hill mineralised positions.

“The Helens East Aircore program consists of three lines of drilling at 200 metre line spacing.

“Assays have been returned for these initial lines and have yielded numerous anomalous zones worthy of follow up and ore grade zones of mineralisation in several holes.

“We are now looking forward to the return of the remaining Helens South AC results in coming weeks, which should allow us to prioritise which zones to test further with RC drilling.

“The discovery of high-grade mineralisation at Cardinia Hill and the expanding footprint of mineralisation at Helens East are both indicative of the potential for a very large mineralised system within the company’s Cardinia holdings.

“The mineralised system appears to be strongly sulphide associated and be controlled by the emerging Helens Fault and Lewis Fault structures.

“Our geological team now has a solid understanding of the controls on mineralisation and the part that the Helens Fault and Lewis Fault play in the distribution of gold at Cardinia.

“We are now exploring the area for large bodies of high-grade gold mineralisation and we continue to apply a systematic approach to their discovery and assessment.”