Posts

Kin Mining Upgrades Cardinia Hill Potential

/in , /by

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

/in , /by

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

 

 

Kin Mining Identifies New Exploration Opportunities at Cardinia Gold Project

/in , /by

THE DRILL SERGEANT: Kin Mining (ASX: KIN) received further cause to talk up the exploration potential of the company’s 100 per cent-owned Cardinia Gold Project near Leonora in Western Australia.

Kin Mining’s swagger came courtesy of results from a detailed gravity survey completed in December 2020 over the eastern part of the project tenements.

The survey was designed to map the distribution of felsic porphyry and dolerite intrusions intersected in both RC and diamond drilling at prospects along this Eastern Corridor.

“The gravity survey results from the eastern part of the Cardinia Gold Project have revealed a number of intrusions that we believe are critical geological features in controlling the locations of the high-grade gold mineralisation intersected in RC and diamond drilling at key locations drilled during Phase 3 exploration programs last year,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

““The survey has also highlighted extensions of the north-south oriented Faults both south of Helens and Cardinia Hill and north through Rangoon to East Lynne.

“This structural architecture of intrusions and faults therefore represents a compelling exploration target for high-grade gold mineralisation to be followed up in 2021, with up to seven priority target areas identified.”

These targets will be systematically tested as part of the company’s 2021 Phase 4 drilling program.

The company’s Phase 3 program in 2020 consisted of drilling at Cardinia over a number of prospects, mostly on the eastern side of the project, including historical prospects at Helens, Comedy King, East Lynne and Hobby and the new discoveries at Cardinia Hill Helens East and Collymore.

Results from the Phase 3 drilling included shallow high-grade mineralisation at Pelsart, positive results from deeper drilling at Cardinia Hill and results from diamond drilling at Helens East.

The final two drill-holes from drilling at the Bruno-Lewis deposit did not record assays of note.

“That paves the way for us to further update the Mineral Resource for several key deposits this quarter, building further on the project-wide resource update announced just prior to Christmas,” Munckton said.

“Importantly, it also clears the way for us to resume drilling with our Phase 4 program scheduled to get underway in the near future.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au

 

 

Kin Mining Drills Towards Bruno-Lewis Resources Upgrade

/in , , /by

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

The results include intersections of zones of shallow high-grade mineralisation, including:

BL20RC107
10 metres at 10.8 grams per tonne gold from 15m;

BL20RC127
14m at 6.09g/t gold from 39m;

BL20RC129
6m at 7.97g/t gold from 26m and 5m at 7.58g/t gold from 59m;

BL20RC124
11m at 4.24g/t gold from 74m; and

BL20RC120
16m at 4.15g/t gold from 40m.

Kin Mining claimed the results 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 due later this quarter.

The drilling was undertaken at Bruno-Lewis as part of a Phase 3 drilling program the company completed in late 2020 with the aim of extending the mineralisation at depth, increasing the average grade and upgrading the classification of the Inferred Mineral Resource at the deposit.

“These results from the northern half of the Bruno-Lewis deposit are some of the best results we have seen from Bruno-Lewis and from the wider Cardinia area,” 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 wide zones of generally lower grade mineralisation further south at Lewis, the intersection of broad high-grade zones at the Bruno end of the deposit, across a substantial strike length, is an extremely pleasing outcome and reflective of the excellent work carried out by the geological team.

“These results reinforce that the Cardinia area in general – and this northern part of Bruno in particular – contains significant areas of high-grade mineralisation both close to surface and at depth.

“The 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 the March quarter, that is anticipated to enhance our project-wide Mineral Resource inventory beyond the 1.15 million ounces figure announced in December 2020.

“The company has a number of exciting new exploration targets to test at Cardinia in 2021 that have similar geology, alteration and mineralisation indicators to those tested during 2020 in the Phase 3 program.

“The high-grade results delivered from the recent Bruno-Lewis drilling campaign provide further evidence that the Cardinia area is a major mineralised gold camp, similar in scale and style to other multi-million ounce gold camps along the Keith-Kilkenny Shear Zone that have supported other gold operations for many years.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining Riding Hobby Horse to Resource Upgrade

/in , /by

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:

HB20RC025
5 metres at 27.7 grams per tonne gold from 109m;

HB20RC039
2m at 8g/t gold from 30m;

HB20RC031
2m at 6.93g/t gold from 62m;

HB20RC024
5m at 2.8g/t gold from 37m and 6m at 2.71g/t gold from 71m;

HB20RC027
11m at 1.61g/t gold from 14m; and

HB20RC035
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.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining Drilling Reveals High-Grade Gold at Depth

/in , /by

THE DRILL SERGEANT: Kin Mining (ASX: KIN) has had the drill bit spinning to return assay results from recent air-core (AC) and Reverse Circulation (RC) drilling at the East Lynne and Collymore prospects at the company’s 100 per cent-owned Cardinia gold project (CGP), located near Leonora in Western Australia.

Kin Mining conducted the drilling as part of an ongoing Phase 3 drilling program at the CGP.

The East Lynne trend is located some three kilometres north-east of the proposed plant site at the CGP and is a greenfields gold target Kin’s geological team identified over the past 12 months as a result of systematic exploration work.

The company completed a total 19,500m of AC drilling over the East Lynne project area, with in-fill drilling completed over the northern portion to a 200m line spacing (Lines 15 to 21).

Assay results for the in-fill air-core (AC) drilling Lines 15 to 21 at the northern portion of the East Lynne trend include:

EL20AC341
8 metres at 1.52 grams per tonne gold from 16m;

EL20AC358
4m at 1.27g/t gold from 20m;

EL20AC359
4m at 1.67g/t gold from 20m; and

EL20AC396
4m at 4.18g/t gold from 28m.

“In-fill aircore drilling at 200 metres line spacing is continuing to deliver positive results at East Lynne, with more encouraging ore grade results seen in the Northern Zone,” Kin Mining managing director Andrew Munckton said in the company’s ASX announcement.

“This program now concludes the AC drilling program for 2020.

“The program has defined the East Lynne mineralisation at 200 metres line spacing over 3.2 kilometres in several semicontinuous positions.

“In addition, the program has also delineated a new zone of mineralisation at Collymore extending over a strike extent of 1,200 metres.”

The company has also completed an initial RC drilling program at both East Lynne and Collymore to test immediately beneath ore grade intersections from earlier AC drilling programs.

Assay results from the Reverse Circulation (RC) drilling at East Lynne and Collymore show potential for high-grade mineralisation, as seen at other deposits at Cardinia such as Hobby and Cardinia Hill, including:

EL20RC376
2m at 1.94g/t gold from 79m;

EL20RC377
1m at 3.51g/t gold from 76m;

EL20RC380
1m at 3.79g/t gold from 22m; and

CM20RC062
1m at 6.1g/t gold from 12m.

Kin Mining will use these results to vector in to priority target zones at East Lynne and Collymore as part of planned follow-up RC drilling early next year.

“The initial program of RC and diamond drilling undertaken at East Lynne and Collymore has helped our understanding of these two targets within the large Cardinia mineralised system,” Munckton said.

“The anomalous soil geochemistry and strong AC results in the oxide zone have helped us target the initial RC drilling positions.

“The combination of the AC and initial RC drilling has outlined semi-continuous mineralisation in several zones over an extensive area with occasional very high-grade intersections over the four metres and one metre sample intervals.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining Expands Collymore Gold Trend

/in , /by

THE DRILL SERGEANT: Kin Mining (ASX: KIN) received encouragement from recent air-core (AC) drilling at the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

Kin Mining carried out the drilling on the Collymore prospect as part of an ongoing Phase 3 drilling program at CGP.

The company said the new assays build on results of previously announced Collymore AC drilling by providing further evidence of an emerging gold trend lying parallel and immediately west of the company’s East Lynne discovery and between the Hobby and Rangoon deposits.

The results include several intercepts that have defined two parallel mineralised trends at the Collymore prospect, extending over a strike length of more than 1.2 kilometres.

Assay results received from in-fill air-core (AC) drilling at Collymore, adjacent to the East Lynne discovery include:

CM20AC057
8 metres at 1.68 grams per tonne gold from 48m;

CM20AC031
4m at 1.92g/t gold from 24m;

CM20AC045
4m at 1.55g/t gold from 24m; and

CM20AC048
8m at 0.94g/t gold from 48m.

Two Reverse Circulation (RC) holes have also been completed at Collymore to test the Eastern trend and confirm the geological interpretation of the mineralisation below the oxide zone.

Assays are pending for both RC holes, while a larger follow-up RC drilling program is being planned for Collymore, to test the extent and scale of the mineralisation identified.

“We are very pleased with the consistently strong results generated from the 200 metres spaced in-fill air-core drilling at Collymore,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The results demonstrate a significant strike length of mineralisation in two parallel zones underneath a strong soil geochemical anomaly, located immediately west of the East Lynne trend.

“As we have seen at both Hobby and Cardinia Hill, anomalous soil geochemistry at surface followed by broad spaced, ore grade AC results in the oxide and regolith zone in the right geological environment is a good indicator of strong underlying gold mineralisation when tested at depth with RC and diamond drilling.

“Collymore has delivered strong initial results with the added bonus that it now raises the potential for several deposits along this trend, including the Hobby deposit 1.2 kilometres to the north and the Rangoon deposit 1 kilometre to the south.

“We are eagerly awaiting assay results from the initial two RC holes that tested the Collymore mineralisation at depth before planning a follow-up RC program to provide a more comprehensive test of this large emerging gold trend.”

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining Expands Cardinia Hill at Depth

/in , /by

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported new assay results from recent diamond (DD) and Reverse Circulation (RC) drilling at the company’s 100 per cent-owned Cardinia gold project (CGP), located near Leonora in Western Australia.

Kin Mining is drilling at the Cardinia Hill prospect as part of an ongoing Phase 3 drilling program at CGP, from which the first diamond holes have returned high-grade gold results in the sulphide zone, confirming continuity of higher-grade mineralisation below the recently completed resource drill-out.

The latest assay results Kin has received for the initial diamond drill-holes at the Cardinia Hill discovery, located two kilometres from the project’s proposed processing plant location have improved the company’s understanding of the geology and sulphide zones at Cardinia, with assays including:

CH20DD054
5.4 metres at 6.18 grams er tonne gold from 186.4m;

CH20DD053
5.3m at 3.31g/t gold from 96m; and

CH20DD055
31.9m at 1.2g/t gold from 83.3m, including 8.3m at 2.65g/t gold from 107.4m.

Diamond drilling of the Northern Shoot also intersected high-grade gold mineralisation in the sulphide zone at shallower depths, to approximately 100m below surface in CH20DD055.

RC drilling in the centre of the deposit confirmed continuity of the mineralisation between the high-grade Southern and Northern Shoots.

The recently completed RC and DD resource definition program extended the overall strike length of the Cardinia Hill mineralisation to more than 700m.

Kin Mining is now waiting on assay results for a further 18 RC holes and five diamond holes at Cardinia Hill that are expected to be received over the coming weeks.

“Diamond drilling is continuing to deliver excellent results at Cardinia Hill, with high-grade gold associated with the pyrite mineralisation intersected at depth in the Southern Shoot and strong intersections also achieved within the Northern Shoot,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“This highlights the potential for good continuity of the mineralisation, with an improving grade profile, at depth within the recently completed resource drill-out.

“The initial RC drilling was aimed at defining the southern extent of the near surface mineralisation and confirming that the deposit has continuity between the Southern and Northern high-grade shoots.

“Both of these aims have been confirmed with the deposit closed off to the south and narrow, generally one metre to four-metre-wide zones of 1g/t to 2g/t mineralisation intersected between the high-grade shoots.

“In addition, narrow zones of mineralisation have also been intersected on the western side of the main ore zone which are likely to add to the attraction of the deposit.

“While our main focus is on establishing a maiden Mineral Resource estimate for Cardinia Hill by the end of this year, the diamond drilling has given us a much better understanding of the geological controls on the mineralisation and also highlighted the potential for discovery of shallow additional zones and extensions to the existing mineralisation into underground mining positions in the future.

“The resource drill-out at Cardinia Hill has been successfully completed, with samples from the remaining 18 RC holes and five diamond holes currently in the laboratory.

“These results will be reported as they come to hand over the coming weeks, in parallel with recently completed RC drilling at East Lynne, RC drilling at Hobby and programs currently being undertaken at Lewis East RC and air-core drilling at the Iron King prospect.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining Confirms East Lynne Mineralisation Continuity

/in , /by

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported new assay results from recent aircore (AC) drilling at the East Lynne prospect at the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

The Kin Mining carried out the recent drilling as part of its ongoing Phase 3 drilling program.

Assay results were received for drilling Lines 9 and 10 of 14 lines of AC drilling completed recently across the East Lynne trend.

Assay results include:

Line 9

EL20AC223
4 metres at 1.23 grams per tonne gold from 20m, and 4m at 1.25g/t gold from 40m.

Line 10

EL20AC258
4m at 0.92g/t gold from 28m.

Further assay results were received for in-fill Lines on the Collymore trend in the Northern Zone, including:

CM20AC005
3m at 3.4g/t gold from 84m to EOH; and

CM20AC008
4m at 3.14g/t gold from 16m.

The results confirm the continuity of the East Lynne mineralisation in AC drilling from Line 2 to Line 10, a distance of 3.2km

High-grade gold mineralisation in the near-surface environment is shown to be present above a broad zone of sulphide mineralisation marked by a strong IP anomaly above a major geological feature at East Lynne.

“Air-core drilling is continuing to deliver the goods at East Lynne, with more encouraging ore grade results seen in the southern part of the Central Zone and some significant high-grade results from the first batch of in-fill drilling in the Northern Zone in what we now refer to as the Collymore Trend,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The high-level takeaways for investors are that we have confirmed the continuity of shallow mineralisation in air-core drilling over a 3.2 kilometres strike length from lines 2 to 10.

“This combined with the favourable underlying geology and structures gives us great confidence that we may be onto something quite significant at East Lynne.

“Before we are able to confirm this, we will need to see the results of the initial RC drilling we have completed and diamond drilling which is in progress.

“The first 12 RC holes have been drilled in and around the high-grade shallow intercepts seen in lines 3-9.

“We are awaiting assays. In the meantime, diamond drilling is continuing in a systematic fashion to test the underlying IP anomaly.

“The results should give us a much clearer picture of the scale and significance of what we might be dealing with at East Lynne.”

 

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

 

Kin Mining Eyes Large Mineralised System at East Lynne

/in , /by

THE DRILL SERGEANT: Kin Mining (ASX: KIN) should be garnering plenty of attention on the opening day of the RIU Resurgence Conference following its announcement of new assay results from recent aircore (AC) drilling at the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

Kin Mining recently completed AC drilling at the East Lynne prospect as part of the ongoing Phase 3 drilling program at the CGP, from which it reported assay results for Lines 7 and 8 of 14 lines drilled at the emerging trend.

The company considers the East Lynne prospect to be a potential new discovery within the CGP.

Results include:

Line 7

EL20AC170
4 metres at 1.14 grams per tonne gold from 8m;

EL20AC171
4m at 0.94g/t gold from 8m.

Line 8

EL20AC192
5m at 35.1g/t gold from 40m to EOH;

EL20AC191
4m at 0.96g/t gold from 12m.

Kin recently drilled its first deep diamond hole drilled in the far northern part of the East Lynne target that also intersected high-grade gold mineralisation, including:

EL20DD332
2m at 1.03g/t gold from 184.04m;
1m at 20.9g/t gold from 230m.

“This is an exciting breakthrough for our ongoing systematic exploration of the East Lynne trend, which we now believe has all the hallmarks of an emerging, large-scale mineralised system,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“Intersecting 5 metres at 35 grams per tonne in shallow, wide-spaced air-core drilling is a remarkable result and will certainly see our exploration at East Lynne step-up a gear.

“What’s important is that this is not a one-off.

“The new AC results are delineating areas of significant high-grade gold mineralisation within the East Lynne Trend over an extensive area.

“We have now defined a semicontinuous zone of mineralisation spanning an area 100 metres wide and up to 3.2 kilometres long above a significant geological contact.

“While we always believed that the East Lynne target had significant potential, the latest results demonstrate that the target is an extensive zone of sulphide mineralisation containing significant areas of high-grade gold mineralisation away from the historical workings along the trend.

“We are looking forward to testing the other sections at depth at 800 metres spacing to confirm the continuity of the sulphide zone and see if we have an emerging greenfields discovery of considerable scale and potential.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

Web: www.kinmining.com.au