Kin Mining NL (ASX:KIN) (FRA:8KM) has received positive assays from a regional rock chip sampling program at its Cardinia Gold Project (CGP), which highlighted volcanogenic massive sulphide (VMS)-style mineralisation in the project’s surrounding regions.
The returned assays from the October 2019 sampling program featured standout gradings such as 895 g/t and 277 g/t gold.
Kin said ironstone and sulphidic sediment samples from the 87-sample campaign had produced grades of 28.7, 15.1, 9.6 and 8.9 g/t.
Sulphidic quartz vein and breccia samples featured gradings such as 56.5, 27.0, 22.8 and 21.2 g/t.
The company said the samples showed evidence of the high-margin volcanogenic massive sulphide (VMS)-style mineralisation.
Kin managing director Andrew Munckton noted the company was building its understanding of the mineralised system that was the Cardinia area.
Munckton said, “The now widespread areas of high-grade gold mineralisation, across a number of stratigraphic positions, enriched in base metals and other indicator minerals such as bismuth, antimony, tellurium and tungsten has led us to believe that we are dealing with a significant, gold-rich VMS mineralised system in the Cardinia area.
“This is a very encouraging step in our objective of identifying new deposits to enhance the mine plan for the Cardinia Gold Project.”
A trial geophysical campaign at Kin’s Cardinia project is testing whether electromagnetics (EM) and induced polarisation (IP) technologies can detect sulphide mineralisation associated with high-grade gold mineralisation at Cardinia project’s Bruno-Lewis and Helens deposits.
The trial is at the data analysis stage, as Southern Geoscience processes and interprets data from the campaign.
Additional EM and IP surveys are being planned.
Once Kin’s trial geophysical survey outcomes are available to draw on in decision-making, the company will decide whether to follow up its positive rock chip program results with drilling of prospective targets it highlighted with the program.