THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported new assay results from recent diamond (DD) and Reverse Circulation (RC) drilling at the company’s 100 per cent-owned Cardinia gold project (CGP), located near Leonora in Western Australia.
Kin Mining is drilling at the Cardinia Hill prospect as part of an ongoing Phase 3 drilling program at CGP, from which the first diamond holes have returned high-grade gold results in the sulphide zone, confirming continuity of higher-grade mineralisation below the recently completed resource drill-out.
The latest assay results Kin has received for the initial diamond drill-holes at the Cardinia Hill discovery, located two kilometres from the project’s proposed processing plant location have improved the company’s understanding of the geology and sulphide zones at Cardinia, with assays including:
5.4 metres at 6.18 grams er tonne gold from 186.4m;
5.3m at 3.31g/t gold from 96m; and
31.9m at 1.2g/t gold from 83.3m, including 8.3m at 2.65g/t gold from 107.4m.
Diamond drilling of the Northern Shoot also intersected high-grade gold mineralisation in the sulphide zone at shallower depths, to approximately 100m below surface in CH20DD055.
RC drilling in the centre of the deposit confirmed continuity of the mineralisation between the high-grade Southern and Northern Shoots.
The recently completed RC and DD resource definition program extended the overall strike length of the Cardinia Hill mineralisation to more than 700m.
Kin Mining is now waiting on assay results for a further 18 RC holes and five diamond holes at Cardinia Hill that are expected to be received over the coming weeks.
“Diamond drilling is continuing to deliver excellent results at Cardinia Hill, with high-grade gold associated with the pyrite mineralisation intersected at depth in the Southern Shoot and strong intersections also achieved within the Northern Shoot,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.
“This highlights the potential for good continuity of the mineralisation, with an improving grade profile, at depth within the recently completed resource drill-out.
“The initial RC drilling was aimed at defining the southern extent of the near surface mineralisation and confirming that the deposit has continuity between the Southern and Northern high-grade shoots.
“Both of these aims have been confirmed with the deposit closed off to the south and narrow, generally one metre to four-metre-wide zones of 1g/t to 2g/t mineralisation intersected between the high-grade shoots.
“In addition, narrow zones of mineralisation have also been intersected on the western side of the main ore zone which are likely to add to the attraction of the deposit.
“While our main focus is on establishing a maiden Mineral Resource estimate for Cardinia Hill by the end of this year, the diamond drilling has given us a much better understanding of the geological controls on the mineralisation and also highlighted the potential for discovery of shallow additional zones and extensions to the existing mineralisation into underground mining positions in the future.
“The resource drill-out at Cardinia Hill has been successfully completed, with samples from the remaining 18 RC holes and five diamond holes currently in the laboratory.
“These results will be reported as they come to hand over the coming weeks, in parallel with recently completed RC drilling at East Lynne, RC drilling at Hobby and programs currently being undertaken at Lewis East RC and air-core drilling at the Iron King prospect.”
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