Kin Mining Expands Collymore Gold Trend
THE DRILL SERGEANT: Kin Mining (ASX: KIN) received encouragement from recent air-core (AC) drilling at the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.
Kin Mining carried out the drilling on the Collymore prospect as part of an ongoing Phase 3 drilling program at CGP.
The company said the new assays build on results of previously announced Collymore AC drilling by providing further evidence of an emerging gold trend lying parallel and immediately west of the company’s East Lynne discovery and between the Hobby and Rangoon deposits.
The results include several intercepts that have defined two parallel mineralised trends at the Collymore prospect, extending over a strike length of more than 1.2 kilometres.
Assay results received from in-fill air-core (AC) drilling at Collymore, adjacent to the East Lynne discovery include:
CM20AC057
8 metres at 1.68 grams per tonne gold from 48m;
CM20AC031
4m at 1.92g/t gold from 24m;
CM20AC045
4m at 1.55g/t gold from 24m; and
CM20AC048
8m at 0.94g/t gold from 48m.
Two Reverse Circulation (RC) holes have also been completed at Collymore to test the Eastern trend and confirm the geological interpretation of the mineralisation below the oxide zone.
Assays are pending for both RC holes, while a larger follow-up RC drilling program is being planned for Collymore, to test the extent and scale of the mineralisation identified.
“We are very pleased with the consistently strong results generated from the 200 metres spaced in-fill air-core drilling at Collymore,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.
“The results demonstrate a significant strike length of mineralisation in two parallel zones underneath a strong soil geochemical anomaly, located immediately west of the East Lynne trend.
“As we have seen at both Hobby and Cardinia Hill, anomalous soil geochemistry at surface followed by broad spaced, ore grade AC results in the oxide and regolith zone in the right geological environment is a good indicator of strong underlying gold mineralisation when tested at depth with RC and diamond drilling.
“Collymore has delivered strong initial results with the added bonus that it now raises the potential for several deposits along this trend, including the Hobby deposit 1.2 kilometres to the north and the Rangoon deposit 1 kilometre to the south.
“We are eagerly awaiting assay results from the initial two RC holes that tested the Collymore mineralisation at depth before planning a follow-up RC program to provide a more comprehensive test of this large emerging gold trend.”
Email: info@kinmining.com.au
Web: www.kinmining.com.au
