THE DRILL SERGEANT: Kin Mining (ASX: KIN) received further cause to talk up the exploration potential of the company’s 100 per cent-owned Cardinia Gold Project near Leonora in Western Australia.
Kin Mining’s swagger came courtesy of results from a detailed gravity survey completed in December 2020 over the eastern part of the project tenements.
The survey was designed to map the distribution of felsic porphyry and dolerite intrusions intersected in both RC and diamond drilling at prospects along this Eastern Corridor.
“The gravity survey results from the eastern part of the Cardinia Gold Project have revealed a number of intrusions that we believe are critical geological features in controlling the locations of the high-grade gold mineralisation intersected in RC and diamond drilling at key locations drilled during Phase 3 exploration programs last year,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.
““The survey has also highlighted extensions of the north-south oriented Faults both south of Helens and Cardinia Hill and north through Rangoon to East Lynne.
“This structural architecture of intrusions and faults therefore represents a compelling exploration target for high-grade gold mineralisation to be followed up in 2021, with up to seven priority target areas identified.”
These targets will be systematically tested as part of the company’s 2021 Phase 4 drilling program.
The company’s Phase 3 program in 2020 consisted of drilling at Cardinia over a number of prospects, mostly on the eastern side of the project, including historical prospects at Helens, Comedy King, East Lynne and Hobby and the new discoveries at Cardinia Hill Helens East and Collymore.
Results from the Phase 3 drilling included shallow high-grade mineralisation at Pelsart, positive results from deeper drilling at Cardinia Hill and results from diamond drilling at Helens East.
The final two drill-holes from drilling at the Bruno-Lewis deposit did not record assays of note.
“That paves the way for us to further update the Mineral Resource for several key deposits this quarter, building further on the project-wide resource update announced just prior to Christmas,” Munckton said.
“Importantly, it also clears the way for us to resume drilling with our Phase 4 program scheduled to get underway in the near future.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE