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Kin Mining Riding Hobby Horse to Resource Upgrade

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

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

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

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

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

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

 

Kin Mining Confirms East Lynne Mineralisation

THE DRILL SERGEANT: Kin Mining (ASX: KIN) kept market-watchers on their toes this week with a further announcement from the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

Kin Mining followed up results from its Helens East prospect with strong assay results from recent aircore (AC) drilling at the East Lynne prospect, located 3km north-east of the proposed plant site at the CGP.

Assay results from Line 5 and Line 6 of the recently-completed 14-line program include:

Line 5

EL20AC093
20 metres at 0.96 grams per tonne gold from 20m;

EL20AC097
4m at 2.21g/t gold from 20m; and

EL20AC099
12m at 1.28g/t gold from 12m.

Line 6

EL20AC128
4m at 0.83g/t gold from 24m; and

EL20AC140
4m at 1.03g/t gold from 28m.

“These new AC results show a semi-continuous zone of mineralisation is present at East Lynne, spanning an area 100 metres wide and up to 1.3 kilometres long and lying above a significant geological contact,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“This broad zone of sporadic, shallow oxide gold mineralisation with strongly anomalous multi-element geochemistry is a compelling target for testing with deeper RC and diamond drilling.

“We are eagerly awaiting results from the remaining eight lines of this broad-spaced AC program to get a clearer sense of the potential scale of this target ahead of follow-up RC drilling.

“The mineralisation at East Lynne appears to be hosted by a volcaniclastic unit with Felsic Volcanic, Mafic and sedimentary rocks with variable amounts of quartz veining, alteration and sulphide pitting encountered in the AC drilling.

“This indicates to our geological team that the underlying geological contact at East Lynne is a complex and potentially strongly altered geological feature.

“The multi-element geochemistry in this area is extensive and extends over an area spanning approximately six kilometres by 0.6 kilometres.

“In the meantime, we’re also progressing a program of in-fill AC drilling at East Lynne, building on the encouraging results reported from the northern end of this large gold target last month.

“In addition, EIS co-funded diamond drilling is also continuing to test geophysical targets at depth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining Encounters Wide High-Grade Gold Hits at Helens East

THE DRILL SERGEANT: The gold hits continue for Kin Mining (ASX: KIN) from the ongoing Phase 3 drilling program at the company’s 100 per cent-owned Cardinia Gold Project (CGP), located near Leonora in Western Australia.

This time the news is from the Helens East prospect, from where Kin reported results of the initial eight RC drill holes completed as part of a 15-hole program designed to follow up broad-spaced AC drilling.

Results include:

HE20RC358
21 metres at 3.58 grams per tonne gold from 45m, including 5m at 4.28g/t gold from 50m;
7m at 6.16g/t gold from 58m;

HE20RC352
1m at 5.01g/t gold from 16m and 2m at 2.65g/t gold from 49m; and

HE20RC356
1m at 2.34g/t gold from 37m.

Helens East is located 1.5 kilometres from the site of the proposed processing plant at the CGP, and is one of multiple new priority targets outside of the known deposits currently being drilled as part of the Phase 3 program.

The results received so far from the recent RC program at Helens East have demonstrated the presence of a large zone of consistent sulphide-hosted mineralisation.

“These exciting new high-grade results from RC drilling at Helens East represent a significant breakthrough in the broader context of the ongoing Phase 3 program,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The broad zone of consistent, shallow high-grade sulphide mineralisation encountered is exactly what we are looking for as part of our broader exploration program at the CGP.

“We are eagerly awaiting further RC drilling results from the remainder of the holes in order to confirm that Helens East is a significant new discovery for the company.

“The mineralisation at Helens East appears to be similar in style and mineralogy to both the Helens mineralisation and the Cardinia Hill mineralisation, which are located nearby.

“This indicates to our geological teams a common source for the Helens, Cardinia Hill and Helens East deposits.

“These lodes appear to be part of a significantly larger mineralised system of high-grade, sulphide-dominant lodes and veins on the eastern side of the Cardinia area linked to the Helens Fault.

“The Helens Fault is believed to be a regionally significant structure which is likely to control mineralisation at a number of prospects including Helens, Fiona, Rangoon, East Lynne, Cardinia Hill and now Helens East.

“The multi-element geochemistry in this area is extensive and extends over an area spanning approximately 2km by 1km.

“The Helens East area will be further tested with additional RC and diamond drilling once the remaining 16 RC holes drilled in this initial follow-up have been returned from the assay lab and the RC rig returns to site in early September.

“In the meantime, the extensive in-fill air-core program at East Lynne is continuing, building on the encouraging results reported from the northern end of this large gold target last month and the EIS co-funded diamond drilling is continuing to test some conceptual geophysical targets at depth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com

 

Web: www.kinmining.com

 

Kin Mining Extends Cardinia Hill Discovery

THE DRILL SERGEANT: Kin Mining (ASX: KIN) has extended mineralisation at Cardinia Hill via ongoing Phase 3 Reverse Circulation (RC) drilling program at the company’s 100 per cent-owned Cardinia Gold Project (CGP) located near Leonora in Western Australia.

Kin Mining announced the extension on the back of recent assay results received for five Reverse Circulation (RC) holes drilled at Cardinia Hill.

Results include:

CH20RC056
15 metres at 1.97 grams per tonne gold from 150m;

CH20RC058
9m at 1.92g/t gold from 34m;

CH20RC060
10m at 1.05g/t gold from 139m; and

CH20RC061
10m at 2.67g/t gold from 149m.

The company said the results further refined its geological understanding of the Cardinia Hill deposit, highlighting the presence of two north-plunging shoots of higher-grade mineralisation within the main lode.

“The follow-up phase of RC drilling at the northern end of Cardinia Hill has been successful in intersecting the northern shoot of mineralisation at depth, further improving our understanding of the geometry and scale of the deposit – and providing a solid foundation for planned resource drilling,” Kin Mining managing director Andrew Munckton said in the company’s announcement to the Australian Securities Exchange.

“The diamond drill core is also providing strong insight for our exploration team in terms of understanding the internal detail of the deposit.

“We are continuing the systematic approach to exploration that has proven to be so successful to date as we advance a number of targets in parallel across the broader Cardinia area.

“Investors can look forward to continued regular updates as we receive assay results from RC drilling across the Helens East, Pelsart and Cardinia Hill prospects.

“We are also looking forward to receiving further results from the extensive air-core program at East Lynne, building on the encouraging results reported from the northern end of this large gold target earlier this week…and the EIS co-funded diamond drill holes at East Lynne testing some conceptual geophysical targets at depth.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au

 

Kin Mining Claims East Lynne Gold Discovery

THE DRILL SERGEANT: Kin Mining (ASX: KIN) reported new assay results from air-core (AC) drilling carried out at the East Lynne prospect at the company’s 100 per cent-owned Cardinia gold project (CGP) near Leonora in Western Australia.

Kin Mining considers the results to be of some “significance” as the East Lynne prospect is located just three kilometres from the proposed plant site at the CGP.

Results include:

EL20AC041
20 metres at 1.36 grams per tonne gold from 20m;

EL20AC042
4m at 1.29g/t gold from 32m;

EL20AC078
4m at 0.97g/t gold from 16m;

EL20AC079
8m at 0.91g/t gold from 24m; and

EL20AC090
4m at 1.72g/t gold from 12m.

The company claimed the drilling discovered shallow, ore grade mineralisation in new zones not previously drilled with attendant high-grade rock chips from goethite-rich, altered felsic volcanic rocks at surface.

Follow up AC drilling has commenced to in-fill and extend the zones at 200m line spacing.

“The East Lynne target is a significant structural and geochemical greenfields target within the CGP,” Kin Mining managing director Andrew Munckton said in an exhaustive quote in the company’s announcement to the Australian Securities Exchange.

“There are several sets of workings along the target that have produced high-grade rock chips, significant alluvial gold won by prospectors and strong high-grade drill results from holes drilled immediately under the old workings.

“However, there has been limited and inadequate testing of the mineralised trends by previous explorers, and the target is ripe for a systematic, broad-spaced drill testing program to test the entire length and width of the anomaly and highlight new zones for immediate follow-up.

“We started the program at the northern end of the target in July and have been working our way south, with the entire 15,000 metres program now complete.

“The results from the initial four lines of drilling are excellent, particularly considering the wide-spaced nature of the drilling.

“Significant new zones of mineralisation have been discovered in AC lines 3a, 3b and 4b in four-metre composite sampling and mineralisation marked by historical workings has been extended.

“These new zones are being immediately followed up with in-fill and extension AC drilling at 200 metres line spacing before potentially commencing RC drilling programs.

“We also look forward to receiving the assay results from the remaining 10 lines of 400 metres spaced drilling in the central and southern sections of the East Lynne geochemical anomaly.

“If these are also successful then further in-fill AC and follow-up RC programs are likely to commence as a priority.

“Once the diamond rig has finished at Cardinia Hill, we also plan to drill two diamond holes at East Lynne to give us a clearer picture of the structural orientation and controls on the mineralisation.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Email: info@kinmining.com.au

 

Web: www.kinmining.com.au