Kin Mining (ASX: KIN) has revealed ‘significant’ intersections of up to 2.93 g/t Au from follow-up AC drilling at its Iron King prospect, a potential satellite project to the company’s flagship Cardinia Gold Project near Leonora, Western Australia.
The follow-up drilling program at the Axford and Iron King West lines of mineralisation consisted of 6,048m of AC drilling completed at 200m line spacings, targeting two separate 2km-long multi-element soil geochemical anomalies.
“These are further encouraging results for this early stage of exploration and confirm that we have intersected extensions to historical RAB and RC drilling intercepts”
Standout results from Iron King West include:
- Hole IW21AC033: 4m @ 2.93 g/t Au from 0m and 4m @ 1.18g/t Au from 20m
- Hole IW20AC034: 4m @ 1.18 g/t Au from 8m
Significant hits from Axford include:
- Hole AX21AC217: 4m @ 1.01 g/t Au from 12m
- Hole AX21AC206: 2m @ 0.96 g/t Au from 44m (to bottom of hole)
- Hole AX21AC191: 4m @ 1.05 g/t Au from 12m
Commenting on these latest drill results, Kin Mining Managing Director Andrew Munckton said: “These are further encouraging results for this early stage of exploration and confirm that we have intersected extensions to historical RAB and RC drilling intercepts and confirmed a parallel zone of mineralisation at Axford, upgrading the potential of this target as a focus for follow-up exploration this year. We are looking forward to confirming the Axford mineralisation and the extensions to the Iron King West mineralisation by undertaking initial RC drilling at both prospects.
We plan to commence this RC drilling in the December 2021 quarter given the significant number of other exploration priorities we need to attend to at Cardinia and Mt Flora. We expect to report a significant number of assays from AC drilling programs at new targets generated by the comprehensive gravity survey at Cardinia in the coming weeks as we progressively receive results from drilling completed in August and September.”
KIN reports that the results confirm continuity of mineralisation in AC drilling over a distance of 800m at Axford and 500m at Iron King, with mineralisation identified along strike from limited historical drilling. The company reports that ore-grade gold mineralisation in the near-surface environment is present above a zone of quartz vein-hosted mineralisation.
The company further notes that there is growing evidence from soil sampling, recent air-core drilling, and historical drilling showing two parallel zones of mineralisation centred on the recently-drilled Axford prospect and the Iron King West prospect, which was subject to shallow open pit mining in the 1980s.
Images: Kin Mining NL