THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported on follow up air-core (AC) drilling undertaken at the Mount Flora prospect, located 20 kilometres from the company’s 100 per cent-owned 1.23 million ounces Cardinia gold project (CGP) near Leonora in Western Australia.
Kin Mining reported the drilling had intersected zones of shallow, high-grade, gold mineralisation, returning several strong intercepts such as:
8 metres at 3.75 grams per tonne gold from 32m; and
16m at 1.16g/t gold from 24m.
These results were encountered along strike from drill-hole MF21AC522 which intersected:
22m at 8.96g/t gold from 24m.
Other results included:
8m at 2.79g/t gold from 28m.
Kin Mining declared the results confirmed the discovery of an important zone of new mineralisation, which has rapidly elevated the Mount Flora prospect as a priority for the company’s exploration team.
“While still early days, Mt Flora has all the hallmarks of a significant new discovery which is quite different to what we’ve seen in the Cardinia area before,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.
“The aircore drilling has so far outlined a substantial mineralised position in the eastern side of our tenure and an additional smaller zone in the north-west.
“The eastern zone contains numerous ore grade hits in shallow drilling within a zone extending over at least 700 metres in length and up to 150 metres wide.
“New intersections such as 8m at 3.75g/t gold and 16m at 1.16g/t gold support earlier spectacular intersections such as 22m at 8.96g/t gold and 8m at 2.79g/t gold in the first pass of shallow air-core drilling in a new area.
“The eastern zone has been intersected on all eight lines of 100m spaced drilling returned to date and remains open to the north and east – suggesting that this is shaping up as a potential discovery of considerable scale and potential for Kin.
“Given the widespread nature of the ore grade intercepts we have seen, we will now move to a broad-spaced RC and diamond drilling program at Mt Flora as a priority.
“We will be pushing hard to get the first deeper drilling into this area as quickly as possible while we wait for the remaining assays to confirm potential extensions to the eastern mineralisation and the other complementary zones.
“Mount Flora formed part of the original Kin Mining IPO but has had relatively little exploration attention until recently when the regional exploration program commenced.
“This program is targeting potential satellite discoveries which can be complementary to our central Cardinia asset.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE