THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported an encounter with zones of shallow, high-grade gold mineralisation via a recently completed air-core (AC) drilling program at the Mount Flora prospect, located 20 kilometres from the company’s 100 per cent-owned 1.23 million ounce Cardinia Gold Project (CGP) near Leonora in Western Australia.
Kin Mining said the results have rapidly elevated the Mount Flora prospect as a priority for the company’s exploration team.
22 metres at 8.96 grams per tonne gold from 24m, including 8m at 21g/t gold from 32m;
8m at 2.79g/t gold from 28m;
8m at 2.47g/t gold from 16m;
13m at 0.97g/t gold from 20m; and
12m at 0.95g/t gold from 0m.
“These are spectacular results for air-core drilling which have rapidly elevated Mount Flora as a high priority for our exploration team,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.
“It’s not often you hit 22 metres at nine grams per tonne, including eight metres at 21 grams per tonne in the very first pass of shallow air-core drilling in a new area.
“Together with the encouraging results returned from other holes across the prospect, this is clearly an area which demands rapid follow-up!
“Mount Flora formed part of the original Kin Mining IPO but has had relatively little exploration attention given our focus on the main deposits at Cardinia.
“The area hosts numerous historic workings but has barely been touched since limited RAB drilling by Sons of Gwalia in the 1980s.
“Given its strategic location within economic haulage distance of the Cardinia Project, we will be pushing hard to get more drilling in to this area as quickly as possible.”
TO READ THE FULL ANNOUNCEMENT: CLICK HERE