Kin Mining NL (ASX: KIN) has announced a highly encouraging update on the drilling completed at the Cardinia Hill prospect, Helens East and Helens South prospects within its Cardinia Gold Project (CGP) near Leonora, Western Australia.
The company reported that the latest Reverse Circulation and air-core drilling results continue to define new mineralisation at Cardinia Hill and Helens prospects with assays still pending for over 3,500m of drilling.
The company said that assays were received for three new RC drill-holes at Cardinia Hill and from additional AC drilling at Helens East and Helens South.
Highlights from Cardinia Hill RC drilling include 7m @ 2.44g/t from 117m and 5m at 1.21g/t Au from 13m; 4m at 0.86g/t Au from 14m; and 1m at 1.07g/t Au from 81m.
Significant assays from Helens South AC drilling include 4m at 4.29g/t Au from 12m; 8m at 1.80g/t Au from 4m; 4m at 1.13g/t Au from 28m; and 4m at 1.09g/t Au from 12m.
KIN said that the latest results confirm the continuity of shallow mineralisation over a 500m strike length at Cardinia Hill, where recent drilling returned outstanding results.
The company reported that at Helens, adjacent to Cardinia Hill, air-core drilling continues to demonstrate the widespread distribution of shallow gold mineralisation.
Kin Mining said that phase 2 RC and AC program has now been completed with a further nine RC holes completed at Cardinia Hill to define the extent of the high-grade mineralisation.
Cardinia gold project
Cardinia gold project (CGP) represents the greater portion of the wider Leonora Gold Project located in the Mt Margaret Mineral Field in the centre of the Eastern Goldfields, Province of West Australia.
Cardinia is separated into the Bruno-Lewis system (which includes Kyte), and the Helens system (which includes Fiona and Rangoon). There is a total of 16 deposits within the CGP.
Significant prospects within CGP includes Bruno, Kyte, Lewis East, Lewis West, Cardinia Hill, Comedy King, Helens East, Helens South, Black Chief South, Snowden Well, Fiona, Rangoon, and Hobby.
The company had recently announced outstanding shallow gold results at Cardinia Hill, with intersects including 15m at 4.41g/t Au from 34m and 17m at 3.29g/t Au.
Drilling at Cardinia project
The company had recently completed Reverse Circulation (RC) drilling at the Cardinia Hill prospect and air-core (AC) drilling at the Helens East and Helens South prospects, which are key emerging regional target areas within the CGP. KIN has now reported further assay results from the RC and AC drilling.
Kin Mining reported that the results at Cardinia Hill have confirmed the presence of several mineralised lodes with significant downdip extent, with shallow mineralisation now defined over a total strike length of 500 metres.
KIN said that the Helens South AC results have confirmed the presence of mineralisation beneath soil anomalies, in areas without significant historical workings and limited historical exploration.
High-grade results reported
Kin mining has now reported further assay results from the RC drilling at Cardinia Hill, and AC drilling at Helens East and Helens South.
RC drilling at Cardinia Hill
KIN reported that assay results were received for three additional RC holes, CH20RC025, CH20RC031, and CH20RC032, from Cardinia Hill have assisted in defining the extent and nature of the mineralisation.
The company said that the drill hole CH20RC025 returned intercepts of 5m @ 1.21g/t from 13m and 7m @ 2.44g/t from 117m, highlighting the presence of several lodes within the mineralised corridor.
KIN said that lower grade results were returned from CH20RC031 (4m @ 0.86g/t from 14m) and CH20RC032 (1m @ 1.07g/t from 81m).
The company noted that the hole CH20RC031 confirms the continuity of mineralisation between drilling in the southern end of the prospect and hole HE20AC221 which produced an intercept of 33m @ 1.08g/t from surface, generated during the Helens East air-core program in April 2020. KIN said that this is interpreted to be the northern continuation of the Cardinia Hill mineralisation.
Kin Mining said that two additional RC holes, CH20RC040 and CH20RC041 were drilled to follow-up on this intersection, and both intersected altered felsic volcanic rocks containing significant sulphide mineralisation in geological logging.
The company said that multi-element assays of mineralised intervals continue to demonstrate the association of gold with several indicator minerals, particularly Arsenic (As), Molybdenum (Mo), Antimony (Sb), Tellurium (Te), and Tungsten (W).
AC drilling at Helens East and Helens South
KIN announced that assay results have been received for the final four holes from the Helens East air-core program.
The company said that the intercepts of 3m @ 0.59g/t from 32m (HE20AC222) and 4m @ 0.54g/t from 16m (HE20AC223) suggest the presence of an anomalous halo surrounding the gold mineralisation intersected in HE20AC221.
Kin Mining reported that results were also received for the Helens South air-core program. This program consisted of 3,834m of drilling, following up on gold-in-soil anomalies identified in the recent auger drilling program.
The results include 8m @ 1.80g/t from 4m (HS20AC285) and 4m @ 4.29g/t from 12m (HS20AC314). Both of these intercepts were associated with quartz veining within felsic volcanic units.
The company said that a full interpretation is underway alongside planning of follow-up programs.
Updates and next steps
KIN said that at the southern end of the Cardinia Hill prospect, a further seven (7) RC holes have been drilled to provide in-fill and mineralisation extension data. Assays for these holes are expected by early June.
The company said that assays are pending for a large number of drill-holes (~3,500m of drilling), with results expected over the coming weeks from RC drilling at Comedy King and Lewis East and air-core drilling at Comedy King and Faye Marie.
The company announced that it plans to continue exploration and drilling activities with the intention to increase the project’s resources.
Management statements
Kin Mining Managing Director Andrew Munckton said: “The recently completed Phase 2 RC and AC drilling program has already given us a significant insight into the enormous untapped exploration potential at the Cardinia Gold Project, with results still outstanding for almost two-thirds of the drilling.
The program was designed to follow up new discoveries made at Cardinia Hill, Comedy King and Lewis East in December last year and to commence first-pass air-core drilling on a number of other targets in the immediate Cardinia area. The results so far have reinforced our belief that Cardinia is a significantly mineralised area, worthy of considerable additional drilling and exploration in the coming months. So far in Phase 2, several new zones of mineralisation have been discovered at Helens South and Helens East to complement the Phase 1 discoveries.
Cardinia Hill is shaping up as a significant new discovery with grades achieved so far that are significantly higher than those reported previously across the broader Cardinia Gold Project. While the assay results in CH20RC020 and CH20RC021 are not spectacular, they have confirmed the geological continuity of the mineralisation over at least 500m of strike length. Logging of follow-up RC drill holes CH20RC034 to CH20RC041 all showed strong alteration and sulphide mineralisation and we are looking forward to receiving these assay results.
We have little doubt that Cardinia Hill will become a key area of exploration focus for usover the coming months.
At Helens South and Helens East, air-core drilling has so far defined several new zones of mineralisation down to approximately 30m (the depth of penetration of the AC drill) which are co-incident with gold-in-soil anomalies generated from the recently completed Auger drilling program. This gives us confidence that the systematic approach we have adopted towards exploration at Cardinia is yielding good results and has put us on a clear pathway to make further significant discoveries.
Further RC and AC drilling has been completed at Comedy King, Lewis East and Faye Marie. The Company has approximately 3500 samples being analysed at the laboratory presently, and we are looking forward to reporting these results to the market as they are received.”