Kin Mining NL (ASX:KIN) (FRA:8KM) has received further strong gold results from recent infill reverse circulation (RC) drilling which confirm the quality and potential of the Bruno-Lewis deposit at the company’s Cardinia Gold Project (CGP) in Western Australia.
The results, which include several wide high-grade intercepts at shallow depth plus a number of broader lower-grade zones, demonstrate the strong potential to upgrade and expand the 311,000-ounce mineral resource estimate as part of an updated resource estimate in progress.
Results received from 21 RC holes include zones of shallow high-grade mineralisation such as:
- 16 metres at 6.33 g/t gold from 19 metres;
- 4 metres at 7.68 g/t from 9 metres;
- 5 metres at 2.20 g/t from 35 metres;
- 4 metres at 2.37 g/t from 18 metres; and
- 6 metres at 2.25 g/t from 49 metres.
Additional zones of wider, lower-grade mineralisation with sporadic higher grades include:
- 16 metres at 1.03 g/t from 105 metres;
- 14 metres at 1.09 g/t from 21 metres;
- 13 metres at 1.01 g/t from 59 metres;
- 22 metres at 0.76 g/t from 22 metres;
- 9 metres at 1.22 g/t from 10 metres;
- 8 metres at 1.31 g/t from 44 metres.
“Clear evidence of enormous prospectivity”
Kin Mining managing director Andrew Munckton said: “These outstanding high-grade results from the northern half of the Bruno-Lewis deposit confirm and reinforce the earlier impressive results we saw from Bruno-Lewis earlier this year, and indeed which we have seen from the wider Cardinia area over the past 12 months.
“While we knew that the northeast dipping lodes that we targeted with this drilling were the source of the wide zones of generally lower-grade mineralisation further south at Lewis, intersecting broad high-grade zones at the Bruno end of the deposit, and over a substantial strike length, is an extremely pleasing outcome and reflects the excellent work carried out by the geological team.
“These results provide further clear evidence of the enormous prospectivity of the Cardinia area in general and at Bruno in particular.
“This sector of the deposit contains significant widths of high-grade mineralisation both close to surface and at depth.
“These final Phase 3 drilling program results continue to demonstrate the exceptional endowment and enhance the underlying value of the Cardinia Gold Project.”
Location of new assay results from the Bruno-Lewis prospect.
New mineral resource expected
The drilling was undertaken at Bruno-Lewis to complete the Phase 3 drilling program which commenced in November 2020 with the aim of extending mineralisation at depth, increasing the average grade and upgrading the classification of the inferred mineral resource at the deposit (totalling 144,000 ounces).
It targeted inferred mineral resources inside the A$2,600 pit shell that defines the mineral resource estimate, as well as potential lode positions both inside and outside the pit shell that were intersected in previous wide-spaced drilling but had not been classified in a mineral resource estimate.
The results are from the northern part of the deposit, where the inferred mineral resource totals 2.6 million tonnes at 1.17 g/t for 96,000 ounces of contained gold.
Munckton said: “This drilling will be incorporated as part of a new mineral resource estimate for Bruno-Lewis scheduled for completion in late April, which is expected to enhance our project-wide mineral resource inventory beyond the 1.15-million-ounce figure announced in December 2020.
Phase 4 drilling program
Munckton said: “With the Bruno-Lewis drilling now complete, we are moving ahead with the Phase 4 program which will test a number of exciting new exploration targets in 2021.
“Many of these have similar geology, alteration and mineralisation indicators to those tested during 2020.
“We currently have three rigs active on site, which will systematically test seven new targets in the Eastern Corridor, which contains the Helens and Cardinia Hill deposits, and the large, soil geochemical target at Eagle to the west of Cardinia.
“We are looking forward to another big year at Cardinia, punctuated by regular updates with drilling results, resource updates and, we hope, discovery success!”