THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported new assay results from recent Reverse Circulation (RC) drilling undertaken at the Bruno-Lewis prospect, part of the company’s 100 per cent-owned Cardinia gold project (CGP) in Western Australia.
Kin Mining carried out the drilling at Bruno-Lewis as part of the ongoing Phase 3 drilling program while it was waiting on assay results from regional prospects it had drilled in previous weeks, including Helens East, Cardinia Hill, Hobby and East Lynne.
Air-core and diamond drilling is continuing at the CGP with RC drilling scheduled to resume anon.
High-grade assays were received for 10 Reverse Circulation holes drilled at the Bruno-Lewis deposit, including:
15 metres at 3.35 grams per tonne gold from 9m and 1m at 35.4g/t gold from 41m;
9m at 5.03g/t gold from 33m;
9m at 2.58g/t gold from 23m;
11m at 1.78g/t gold from 34m; and
7m at 1.4g/t gold from 21m and 1m at 19.5g/t gold from 44m.
“The strong results being generated by the Phase 3 drilling continue to demonstrate the exceptional underlying value of the Cardinia Gold Project,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.
“We were able to capitalise on the excellent progress we have been making with the RC rig by fitting in a strategic 10-hole program at the cornerstone Bruno-Lewis deposit.
“The results have exceeded our expectations, highlighting the potential both to increase the average grade of the Resource and to include previously identified lode positions that were not classified as part of the Mineral Resource estimate in February 2020.
“This work will be incorporated as part of our project-wide Mineral Resource estimate update towards the end of the year, which will be based on current, much higher gold prices.
“The recent drilling has also demonstrated the potential for the mineralisation at Bruno-Lewis to link up with the Lewis East prospect as part of a much larger mineralised system.
“This potential will be evaluated with further drilling later this year.”
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