Kin Mining Riding Hobby Horse to Resource Upgrade

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported results from recently completed in-fill Reverse Circulation (RC) drilling at the recently-discovered Hobby prospect, part of the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

The Hobby prospect, located seven kilometres from the proposed Cardinia processing plant site, and has been the focus of a resource drill-out program designed to underpin a growing inventory of higher-grade deposits across the project.

The company claims the new results confirm and reinforce previously reported results from Hobby, which included a combination of narrow, high-grade results and wider low-grade results with the prospect demonstrating many similarities to other discoveries at the Cardinia project such as Cardinia Hill, Comedy King and East Lynne/Collymore.

The latest round of drilling results includes:

5 metres at 27.7 grams per tonne gold from 109m;

2m at 8g/t gold from 30m;

2m at 6.93g/t gold from 62m;

5m at 2.8g/t gold from 37m and 6m at 2.71g/t gold from 71m;

11m at 1.61g/t gold from 14m; and

10m at 1.18g/t gold from 21m.

The results correlate well with and complement earlier similar results from Hobby.

“We are delighted with the outcomes of the recently completed in-fill drilling program at Hobby, which has demonstrated the presence of high-grade gold from laminated quartz vein and pyrite mineralisation associated with felsic porphyry intrusions over a strike length of at least 450 metres,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“The mineralisation at Hobby remains open both along strike to the south and down-dip to the north – providing significant scope for further resource growth beyond the updated Mineral Resource planned for early next year.

“Significantly, Hobby also provides further evidence of the widespread nature of high-grade mineralisation at Cardinia, which now spans the area from Helens and Cardinia Hill in the south through Collymore and East Lynne to Hobby in the north, a total distance of approximately eight kilometres.

“The standout result of 5m at 27.7g/t gold from 109m down-hole in HB20RC025 demonstrates the attributes we see repeated across the broader Cardinia mineralised system.

“With a strong understanding of the geology, it is possible to achieve outstanding grades with a systematic approach to drilling out resources.

“There are a number of results like this over the Hobby, Cardinia Hill, East Lynne, Collymore, Comedy King and Bruno Lewis deposits drilled this year.

“The 40m by 40m in-fill drilling program at Hobby has reinforced our understanding of the geological controls on the mineralisation and highlighted the importance of north-trending faults, porphyry intrusions, laminated quartz veins and sulphide mineralisation as important factors in controlling the distribution of the high-grade ore.

“Next steps at Hobby include an updated Mineral Resource Estimate to be completed early next year followed by step-out RC drilling to the south and further RC and diamond drilling to test the down-plunge extent to the mineralisation – all of which are to be completed in 2021.

“In the meantime, RC drilling continues at the Bruno Lewis prospect at Cardinia testing the down-dip and down-plunge extensions to the shallow mineralisation at this laterally extensive deposit.

“The Bruno Lewis Deeps program consists of over 100 RC holes and is expected to be nearing completion by the end of the year.”