Kin Mining (ASX: KIN) has announced ‘highly encouraging’ assay results following an RC drilling campaign along the Eastern Corridor of its Cardinia Gold Project in Leonora, Western Australia.
The results, generated from drill work targeting the under-explored Rangoon area, has returned ‘significant, high-grade’ zones of gold mineralisation near historical workings, with grades including:
- Hole RN21RC109: 19m @ 2.48g/t Au from 91m
- Hole RN21RC120: 12m @ 3.04g/t Au from 62m
- Hole RN21RC110: 4m @ 5.50g/t Au from 145m and 2m @ 4.67g/t Au from 128m
- Hole RN21RC119: 4m @ 4.39g/t Au from 44m
- Hole RN21RC121: 6m @ 2.43g/t Au from 86m
- Hole RN21RC118: 4m @ 2.66g/t Au from 135m
- Hole RN21RC117: 1m @ 17.5g/t Au from 119m
- Hole RN21RC133: 1m @ 8.14g/t Au from 126m to BOH
The company notes that these new intersections confirm an east-dipping orientation to Rangoon’s ‘high-grade’ mineralisation which previously returned grades including:
- Hole RN21RC093: 3m @ 21.1g/t Au from 98m
- Hole RN21DD081: 3m @ 8.40g/t Au from 106m
- Hole RN21RC088: 2m @ 6.78g/t Au from 74m and 6m @ 2.92g/t Au from 102m
- Hole RN21RC091: 4m @ 2.57g/t Au from 66m and 8m @ 1.84g/t Au from 83m within 40m @ 0.81g/t from 66m
Commenting on the results, Kin Mining Managing Director Andrew Munckton said: “Exploration along the Eastern Corridor at Cardinia is continuing to kick some serious goals, with these exciting new assay results confirming the interpretation of high-grade east-dipping, sulphide-rich gold mineralisation around Rangoon.
We believe that these east-dipping lodes link the previously separate deposits in the Eastern Corridor together as part of a coherent and much larger mineralised system which spans a significant area at the CGP. This is an exciting development which has referred our attention on this area.
“We believe that these east-dipping lodes link the previously separate deposits in the Eastern Corridor together as part of a coherent and much larger mineralised system”
This drilling has confirmed the new geological interpretation and shows that the Eastern Corridor is highly mineralised with several shallow deposits already identified at Cardinia Hill, Helens, Fiona, Rangoon and East Lynne. We see significant potential to discover more high-grade lodes and to delineate new resources in close proximity to the existing deposits and grow our overall inventory across this corridor, which will continue to be an important focus for us moving forward.”
Kin believes that these results confirm an ‘extensive’ mineralised environment that contains key targets over an approximate 1km by 4.5km area, providing potential to discover further ‘high-grade’ lodes.
In addition, the company believes that these results provide evidence that these east-dipping lodes link previously-separate deposits together as part of a larger mineralised system, representing a significant opportunity for resource growth.
Map of targets at the Cardinia Eastern CorridorThe 100%-owned Cardinia Gold Project is located 20km outside of Leonora in Western Australia’ North Eastern Goldfields, and boasts an existing Mineral Resource Estimate of 1.28Moz, with ‘considerable’ potential for growth from further drilling.
Moving forward, Kin reports that it is set to undertake further infill and extensional drilling along east-dipping lodes to determine their source structure.
Images: Kin Mining NL
