Posts

Kin Mining Increases Cardinia Hill Deposit Resource

THE DRILL SERGEANT: Kin Mining (ASX: KIN) has updated Mineral Resource Estimate (MRE) for the Cardinia Hill deposit, part of the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

Kin Mining’s updated Mineral Resource Estimate for the Cardinia Hill deposit comes to 2.2 million tonnes at 1.5 grams per tonne gold for 106,000 ounces of contained gold, representing an increase of 45,000 ounces from the previous estimate.

The updated MRE is based on a gold price of $2,600 per ounce, implementing cost guidance from the Pre-Feasibility Study with mining cost assumptions increased from previous optimisations and with a lower cut-off grade of 0.4g/t gold.

The MRE contains a higher-confidence Indicated Resource, which has increased to 38,000 ounces.

The Resource includes a maiden UG Inferred Mineral Resource estimate of 125,000 tonnes at 2.71g/t gold for 11,000 ounces at a 2g/t gold cut-off grade.

Kin mining has further updates pending for multiple deposits across the CGP, which are outside the MRE, including Bruno-Lewis, Eagle-Crow, Mt Flora and Iron King.

The company anticipates to regularly update its Mineral Resource inventory as drilling results are progressively received from its Phase 4 drilling program across the Cardinia Gold Project.

“This is another pleasing update to the Cardinia Hill project Resource, delivering a 72 per cent increase in contained ounces, while also ensuring the project-wide MRE is constrained by optimised pit shells and is based on the latest gold price and operating cost assumptions,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“We are pleased to have delivered a Mineral Resource of over 100,000 ounces for the recently-discovered Cardinia Hill deposit, including a maiden Underground Mineral resource estimate.

“We believe that Cardinia Hill and several of our other deposits hold potential for similar underground estimates where we see strong potential for MRE growth and category upgrades with further drilling.

“We also have a strong pipeline of deposits that are yet to be fully assessed which are outside the latest Mineral Resource Estimate, including Eagle-Crow, Mt Flora, Iron King and further depth extensions to Bruno-Lewis deposit with further updates expected during 2022.”

 

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

 

Kin Mining Confirms Primary Gold Mineralisation at Mt Flora

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported remaining results from air-core (AC) drilling program and preliminary observations from the first deep diamond hole completed 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 latest results include several shallow intercepts across both the Eastern and North-Western zones, which it claims to have confirmed the extent of the near-surface mineralisation at 100m and 200m line spacings.

New results include intercepts such as:

MF21AC725
4 metres at 1.01 grams per tonne gold from 48m;

MF21AC839
4m at 1.02g/t gold from 24m to bottom-of-hole, located along strike from drill-hole MF21AC522, which intersected 22m at 8.96g/t gold from 24m; and

MF21AC525
8m at 2.79g/t gold from 28m.

In addition, Kin completed diamond drill hole MF21DD001 beneath high-grade results achieved from the Eastern Zone.

This hole encountered mineralised positions below the oxidation depth and confirmed the east dip to the structures controlling mineralisation.

Kin Mining considers the confirmation of the presence of a primary gold system beneath the air-core drilling is an important development, providing confidence in the emerging potential of the Mt Flora discovery.

“Having received the balance of assay results from air-core drilling and completed a diamond drill hole beneath our best air-core intercepts of 22 metres at 8.96 gras per tonne and 8 metres at 2.79 grams per tonne, we now have sufficient confidence to say that Mt Flora is confirmed as a significant new gold discovery 20 kilometres east of the main Cardinia Gold Project,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“While assays are awaited for the diamond drill hole, visual inspection of the core shows that it has successfully intersected the interpreted down-plunge extension of two zones of high-grade mineralisation seen in air-core drilling.

“This suggests that there is a significant primary gold system beneath the 700 metres long, near surface Eastern Zone mineralisation.

“Further work is required to test beneath the 400 metres long North-Western Zone.”

“Because of the high-grade results generated to date and the continuous nature of the gold mineralisation in the lines of 100 metres spaced AC drilling at the Eastern Zone, this is where we plan to focus our drilling efforts when diamond and RC drilling resumes in October.

“We plan to systematically assess the 700 metres strike length as the foundation for a maiden Mineral Resource estimate before moving onto the North Western Zone.

“One key characteristic of the Mt Flora discovery is that these new zones have never been drill tested before, so if we have further success, the area has the potential to shape up as a completely new source of satellite ore feed to the Cardinia Gold Project – which is an exciting development for our shareholders.”

 

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining Eyes Mount Flora as Potential Large Mineralised System

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported on follow up air-core (AC) drilling undertaken at the Mount Flora prospect, located 20 kilometres from the company’s 100 per cent-owned 1.23 million ounces Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining reported the drilling had intersected zones of shallow, high-grade, gold mineralisation, returning several strong intercepts such as:

MF21AC710
8 metres at 3.75 grams per tonne gold from 32m; and

MF21AC715
16m at 1.16g/t gold from 24m.

These results were encountered along strike from drill-hole MF21AC522 which intersected:

22m at 8.96g/t gold from 24m.

Other results included:

MF21AC524
8m at 2.79g/t gold from 28m.

Kin Mining declared the results confirmed the discovery of an important zone of new mineralisation, which has rapidly elevated the Mount Flora prospect as a priority for the company’s exploration team.

“While still early days, Mt Flora has all the hallmarks of a significant new discovery which is quite different to what we’ve seen in the Cardinia area before,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“The aircore drilling has so far outlined a substantial mineralised position in the eastern side of our tenure and an additional smaller zone in the north-west.

“The eastern zone contains numerous ore grade hits in shallow drilling within a zone extending over at least 700 metres in length and up to 150 metres wide.

“New intersections such as 8m at 3.75g/t gold and 16m at 1.16g/t gold support earlier spectacular intersections such as 22m at 8.96g/t gold and 8m at 2.79g/t gold in the first pass of shallow air-core drilling in a new area.

“The eastern zone has been intersected on all eight lines of 100m spaced drilling returned to date and remains open to the north and east – suggesting that this is shaping up as a potential discovery of considerable scale and potential for Kin.

“Given the widespread nature of the ore grade intercepts we have seen, we will now move to a broad-spaced RC and diamond drilling program at Mt Flora as a priority.

“We will be pushing hard to get the first deeper drilling into this area as quickly as possible while we wait for the remaining assays to confirm potential extensions to the eastern mineralisation and the other complementary zones.

“Mount Flora formed part of the original Kin Mining IPO but has had relatively little exploration attention until recently when the regional exploration program commenced.

“This program is targeting potential satellite discoveries which can be complementary to our central Cardinia asset.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining Drills Cardinia Gold Project Expansion

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported results from extended exploration drilling carried out at the company’s Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining completed a program of Reverse Circulation (RC) drilling at the Eagle‐Crow target targeting below previously reported high‐grade air‐core drilling intercepts.

The drilling intersected several zones of shallow, high‐grade gold mineralisation extending over a strike length of 500 metres at Eagle and two zones, each extending over approximately 400m of strike, at the Crow target.

The company said the results reinforce its view that Eagle‐Crow, located 2km west of the CGP, offers potential for an emerging gold discovery on the western side of Cardinia and that the Cardinia Hill trend holds plenty of discovery potential subject to additional drilling.

The highlights reported from the Eagle‐Crow prospect include:

CW21RC013
17 metres at 3.78 grams per tonne gold from 43m, including 4m at 5.45g/t gold from 43m, and 3m at 12.9g/t gold from 54m;

CW21RC011
6m at 4.19g/t gold from 13m;

CW21RC006
3m at 2.03g/t gold from 29m; and

EG21RC446
5m at 3.1g/t gold from 55m.

“The Eagle‐Crow area on the western side of the CGP is continuing to show great promise,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“This is the first deeper RC drilling below the encouraging air‐core intercepts reported earlier this year, and we are very encouraged by the results.

“Drilling has clearly demonstrated the potential for multiple zones of shallow, high‐grade gold mineralisation which require further drilling to confirm their geometry and continuity and lay the foundations for future resource estimation.

“However, we can see clear potential in this area to delineate additional deposits with the potential to make a meaningful future contribution to our Resource inventory.”

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining to Commence Cardinia Gold Project Regional Exploration Drilling

THE DRILL SERGEANT: Kin Mining (ASX: KIN) signalled its intentions to step up exploration activity across a number of satellite projects located outside the company’s 1.23 million ounce Cardinia Gold Project (CGP) near Leonora in Western Australia.

Kin Mining owns six separate projects located east and west of the centrally located CGP, which the company has been advancing with a range of exploration activities over the past 12 months including ground-based geophysical surveys, surface auger soil geochemical surveys and first-pass air-core (AC) drilling programs to evaluate their prospectivity.

Upcoming regional exploration activities are to include RC drilling to follow up the recently discovered shallow high-grade gold mineralisation in first-pass air-core (AC) drilling at the Mount Flora prospect, 20km east of Cardinia, where best results included:

MF21AC522
22 metres at 8.96 grams per tonne gold from 24m.

Kin Mining stated the objective of the regional program is to systematically test the wide range of exploration opportunities across the company’s broader tenement holding to determine the potential for new discoveries and emerging satellite or standalone opportunities surrounding the Cardinia Gold Project.

“The purpose of the regional exploration program across the gold-based projects is to provide an initial assessment of the mineralisation style and gold grade and determine whether each project has the potential to be a viable stand-alone project or would more naturally provide potential satellite feed to a future CGP based mining and processing operation,” Kin Mining said in its ASX announcement.

“The key parameters governing these two potential development options is the distance from Cardinia, potential alternative treatment options, project size and mineralisation grade.

“Other projects in the portfolio of tenements also offer nickel sulphide exploration potential and these are being assessed in parallel with the gold project evaluation.”

 

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining Drilling Confirms Mt Flora Potential

THE DRILL SERGEANT: Kin Mining (ASX: KIN) released further encouraging assay results from a recently completed air-core (AC) drilling program at the Mount Flora prospect, located 20km from the company’s 100 per cent-owned Cardinia Gold Project (CGP) near Leonora in Western Australia.

Results include:

MF21AC658
8m at 1.04 grams per tonne gold from 24m;

MF21AC623
8m at 0.8g/t gold from 16m;

MF21AC621
4m at 1.17g/t gold from 48m to BOH;

MF21AC624
4m at 1.1g/t gold from 48m;

MF21AC663
4m at 1.04g/t gold from 16m; and

MF21AC610
2m at 1.06g/t gold from 24m to BOH.

Kin Mining said the latest results build on those it reported last week, which included an outstanding high-grade intercept from drill-hole MF21AC522.

The company said the latest results help to delineate additional mineralised trends in the northern portion of the project to those previously identified.

“We are encouraged to see more strong results from this first round of wide-spaced, shallow air-core drilling at Mount Flora, building on the exceptional results announced last week,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“The drilling has outlined three coherent areas with consistent mineralisation, with this final batch of assays coming from the Northern Area.

“Following last week’s exceptional result of 22 metres at 8.96 grams per tonne we dispatched a field team to follow up this area.

“They have identified a number of north-east trending quartz veins which appear to be the primary control on the mineralisation.

“This area will be a priority focus for initial RC drilling, which we plan to start as soon as POW approvals are received and the rig becomes available from the Phase 4 drill program at Cardinia.”

 

TO READ THE FULL PREVIOUS MT FLORA ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining Scores Impressive Assays from First-Pass Mt Flora Drilling

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.

Results included:

MF21AC522
22 metres at 8.96 grams per tonne gold from 24m, including 8m at 21g/t gold from 32m;

MF21AC525
8m at 2.79g/t gold from 28m;

MF21AC432
8m at 2.47g/t gold from 16m;

MF21AC427
13m at 0.97g/t gold from 20m; and

MF21AC523
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

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining Hits High-Grade Gold at Eagle-Crow Prospect

THE DRILL SERGEANT: Kin Mining (ASX: KIN) released results from a recent follow-up air-core (AC) drilling program at the Eagle-Crow prospect, located on the western side of the company’s 100 per cent-owned Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining said the results – achieved two kilometres west of the proposed processing plant location – have returned further meaningful zones of shallow, high-grade gold mineralisation, including:

EG21AC400
8 metres at 19.8 grams per tonne gold from 40m, including 4m at 38.8g/t gold from 44m;

EG21AC298
8m at 1.09g/t gold from 20m;

EG21AC310
4m at 1.93g/t gold from 28m;

EG21AC341
4m at 1.04g/t gold from 16m; and

EG21AC342
4m at 1.01g/t gold from 8m.

“These latest results further reinforce our enthusiasm about this western side of the Cardinia Gold Project, with Eagle-Crow showing plenty of early-stage similarities to the nearby Bruno-Lewis deposit and the rapidly-emerging Cardinia Hill deposit,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“Based on this successful air-core drilling program, we have now confirmed the presence of two parallel zones of mineralisation at Eagle-Crow, with follow-up RC and diamond drilling to be undertaken as soon as the rigs complete the current drill programs underway at Rangoon and Cardinia Hill, which is expected around mid-June.

“While Eagle-Crow remains an early-stage exploration target, the results that we’re seeing indicate exciting potential to delineate a new, shallow, high-grade gold discovery to organically grow the 1.23 million ounces Cardinia Gold Project.”

 

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining Upgrades Cardinia Hill Potential

THE DRILL SERGEANT: Kin Mining (ASX: KIN) has highlighted the potential of the Cardinia Hill deposit to expand the current 61,000 ounce Inferred Mineral Resource at the company’s 100 per cent-owned Cardinia Gold Project (CGP), near Leonora in Western Australia.

Kin Mining reported wide, high-grade assay results from an initial Reverse Circulation and diamond Resource Definition drilling program at the Cardinia Hill deposit, located two kilometres from the project’s proposed processing plant location.

The company declared the results have confirmed its understanding of the geology in the oxide and sulphide zones at Cardinia, with assays including:

CH21RC142
8 metres at 14.9 grams per tonne gold from 194m;

CH21DD093
12m at 7g/t gold from 80.6m;

CH21RC116
13m at 5.98g/t gold from 38m; and

CH21RC112
24m at 3.12g/t gold from 19m, including 9m at 6.95g/t gold from 34m.

“This is a great way to close-out the first quarter, with the first batch of assays from the Resource Definition drilling program at Cardinia Hill well and truly coming up with the goods,” Kin Mining managing director Andrew Munckton exclaimed in the company’s ASX announcement.

“The results have exceeded our expectations and upgraded the potential of this deposit, as well as our understanding of, and growing confidence in, the emerging Eastern Corridor which hosts Cardinia Hill and numerous other recently defined targets.

“The recent drilling has intersected high-grade gold associated with pyrite mineralisation at shallow depths in the Southern Shoot and strong intersections were also achieved at depth within the extension of this shoot of mineralisation.

“The number of results exceeding 30 gram-metres, plus standout intercepts such as 8 metres at 14.9 grams per tonne gold from 194m down-hole in CH20RC142, 12 metres at 7 grams per tonne gold from 80.6m down-hole in CH21DD093 and 13 metres at 6 grams per tonne gold from 38m down-hole in CH20RC116 in the main lode position, demonstrates the continuity of the high-grade zone to significant depths at the Southern Shoot and augurs well for an improving grade profile for the near-surface component and the overall deposit.

“The 25 metres by 25 metres Resource Definition drilling program, with a strong diamond drilling component, is giving the geological team a detailed understanding of the controls on the mineralisation at Cardinia Hill and has confirmed the importance of porphyry intrusions as a controlling factor in the distribution of the high-grade mineralisation.

“Deeper diamond drilling is also providing new insights into the depth extensions of the Southern Shoot into potential underground mining positions.

“This information is now being applied to the remaining drilling at Cardinia Hill and the upcoming drilling at other Eastern Corridor targets, which is now well underway.

“Elsewhere across the project, air-core drilling at 200 metres line spacing over the Eagle soil geochemical anomaly located on the western side of the CGP is nearing completion and RC drilling has commenced to test the seven targets in the Eastern Corridor which were highlighted in the recent gravity survey work.

“These targets have the potential to reveal new discoveries for the company similar in scale to Cardinia Hill and align with our view that the Cardinia area hosts a number of potentially large, high-grade positions across the project area.

“Underpinned by a strong bank balance, our 2021 exploration campaign is now off to a flying start and we are very optimistic about what we can deliver for our shareholders with the drill rig this year!”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining Confirms Bruno-Lewis Quality Ahead of Resource Upgrade

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported further assay results from recent in-fill Reverse Circulation (RC) drilling at the Bruno-Lewis deposit, a cornerstone deposit of the company’s 100 per cent-owned Cardinia gold project (CGP) in Western Australia.

Kin Mining declared the results to include several outstanding, wide, high-grade intercepts at shallow depth plus several broader, lower grade zones.

Drilling encountered zones of shallow high-grade mineralisation such as:

BL20RC142
16m at 6.33 grams per tonne gold from 19m;

BL20RC145
4m at 7.68g/t gold from 9m;

BL20RC150
5m at 2.2g/t gold from 35m;

BL20RC151
4m at 2.37g/t gold from 18m; and

BL20RC158
6m at 2.25g/t gold from 49m.

The company said it has now confirmed the quality of the Bruno-Lewis deposit, demonstrating strong potential to upgrade and expand the current 311,000 ounces Mineral Resource Estimate as part of an updated MRE currently in progress.

“These outstanding high-grade results from the northern half of the Bruno-Lewis deposit confirm and reinforce the earlier impressive results we saw from Bruno-Lewis earlier this year, and indeed which we have seen from the wider Cardinia area over the past 12 months,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“While we knew that the north-east dipping lodes that we targeted with this drilling were the source of the wide zones of generally lower grade mineralisation further south at Lewis, intersecting broad high-grade zones at the Bruno end of the deposit, and over a substantial strike length, is an extremely pleasing outcome and reflects the excellent work carried out by the geological team.

“These results provide further clear evidence of the enormous prospectivity of the Cardinia area in general and at Bruno in particular.

“This sector of the deposit contains significant widths of high-grade mineralisation both close to surface and at depth.

“These final Phase 3 drilling program results continue to demonstrate the exceptional endowment and enhance the underlying value of the Cardinia gold project.

“This drilling will be incorporated as part of a new Mineral Resource Estimate for Bruno-Lewis scheduled for completion in late April, which is expected to enhance our project-wide Mineral Resource inventory beyond the 1.15 million ounces figure announced in December 2020.

“With the Bruno-Lewis drilling now complete, we are moving ahead with the Phase 4 program which will test a number of exciting new exploration targets in 2021.

“Many of these have similar geology, alteration and mineralisation indicators to those tested during 2020.

“We currently have three rigs active on site, which will systematically test seven new targets in the Eastern Corridor, which contains the Helens and Cardinia Hill deposits, and the large, soil geochemical target at Eagle to the west of Cardinia.

“We are looking forward to another big year at Cardinia, punctuated by regular updates with drilling results, resource updates and, we hope, discovery success!”

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au