THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported receipt of the final batch of assays from recent exploration-focused drilling programs at the company’s 100 per cent-owned Cardinia gold project near Leonora in Western Australia.
Kin Mining signalled it intends wasting little time to recommence drilling with planning already underway for the next phase of drilling scheduled to commence in the third week of June.
The company received assay results from recent Reverse Circulation (RC) drilling at the Lewis East prospect and air-core drilling at the Faye Marie prospect.
Drilling at Lewis East was designed to follow up on results achieved in the recent air-core program.
Kin declared the latest assays to have confirmed the presence of broad zones of gold mineralisation associated with disseminated sulphides.
Assays from Lewis East include:
44 metres at 0.47 grams per tonne gold from 51m;
11m at 0.62g/t gold from 53m;
7m at 0.9g/t gold from 11m; and
3m at 1.49g/t gold from 20m.
The results from Faye Marie produced an intercept of:
4m at 2.99g/t gold from 48m.
Kin Mining said this had confirmed the prospectivity of this contact which comprises over a three-kilometre strike length between Faye Marie and the near-by Black Chief prospect.
“This wraps up the recent exploration at the Cardinia Gold Project, with the drilling outlining multiple new areas of mineralisation that require follow-up,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.
“As with any exploration program, we have had a range of results in terms of the assays, but we believe that we now have a much clearer picture of where to focus our efforts moving forward.
“The next phase of drilling will be significantly larger than the recently completed program and is scheduled to commence in the third week of June.
“We are confident that it has the potential to take the Cardinia Gold Project to the next level as one of the most exciting emerging exploration plays in the junior gold sector in Western Australia.
“We look forward to providing further information on the upcoming program in due course.”