Kin Mining Hits Bonanza Gold Strike at East Lynne Prospect
THE DRILL SERGEANT: Kin Mining (ASX: KIN) announced high gold grades from surface from exploration drill testing at the East Lynne prospect, located approximately 300m north-east of the company’s Rangoon Mineral Resource in Western Australia.
Kin mining revealed the Reverse Circulation (RC) drilling initially recorded an assay result of 3 metres at 209 grams per tonne gold from surface in hole EL17RC003, including 1m at 551g/t gold.
The high-grades encountered encouraged Kin to have several laboratory repeats of the sample undertaken, which produced an average grade of the interval of 3m at 132.3g/t gold from surface.
To support these results, Kin had an independent re-split and re-assay of the original drill sample carried out, which confirmed the high-grade results, reporting 3m at 23.5g/t gold, including 1m at 55.2g/t gold from surface.
Just to make sure, Kin also had samples processed via screen fire assay, which reported a grade of 577g/t gold for the original sample of EL17RC003 from surface to one metre.
The field re-split of this interval was also subject to a screen fire assay, returning a grade of 622g/t gold.
Kin took the results of the screen fire assays to suggest the presence of coarse nuggety gold in the sample.
During a subsequent site visit Kin management, a portion of the high-grade sample was sieved and panned to assess the coarse gold component.
The results from one sieve (approximately 0.5kg of material) taken from the surface to one metre sample of hole EL17RC003, produced a number of gold nuggets, weighing 1.7 grams in total, along with specimen stone of gold in quartz.
When panned, the fines returned an impressive tail of gold.
“I have been exploring the Leonora district for over 30 years and have panned a lot of material, and this is the best gold tail I have seen in a very long time,” Kin Mining chairman Trevor Dixon said in the company’s announcement to the Australian Securities Exchange.
“The presence of such abundant coarse gold from surface at the East Lynne prospect presents an exciting opportunity for a significant new discovery.
“We are already planning further work to assess East Lynne’s potential.”
Historic mining at the East Lynne prospect recorded production of 1,242 tonnes at 47.5g/t gold between 1897-1906, and in 1942, for a total of 1,896 ounces of gold.
Despite this history of high-grade production, no Mineral Resource is defined at East Lynne, as previous drilling is sparse and shallow in nature.
Kin Mining identified East Lynne as a walk-up drill target, and took the opportunity to conduct a four-hole scout drilling program at the prospect while a drill rig was in the area.
This latest high-grade result was located on strike of the historic East Lynne workings, between the main shaft (85m depth) and other workings, which extend for approximately 150m.
Email: info@kinmining.com.au
Website: www.kinmining.com.au