Kin Mining NL (ASX:KIN) (FRA:8KM) has received wide, high-grade assay results from initial reverse circulation and diamond resource definition drilling at Cardinia Hill deposit of its 100%-owned Cardinia Gold Project (CGP) in Western Australia.
The results from 14 drill holes and 1,561 metres of drilling confirm the company’s understanding of the geology in oxide and sulphide zones at the deposit which is just 2 kilometres from the proposed processing plant location at the 100%-owned Cardinia Gold Project.
The results confirm the continuity and extensions of both shallow and deeper high-grade mineralisation in the Southern Shoot along the Cardinia Hill Fault.
Assays of up to 8 metres at 14.9 g/t in the sulphide zone and 13 metres at 5.98 g/t in the oxide zone highlight strong potential to upgrade and expand the existing 61,000-ounce inferred mineral resource.
“Results upgrade potential of deposit”
Kin Mining managing director Andrew Munckton said: “This is a great way to close out the first quarter, with the first batch of assays from the resource definition drilling program at Cardinia Hill well and truly coming up with the goods!
“The results have exceeded our expectations and upgraded the potential of this deposit, as well as our understanding of, and growing confidence in, the emerging Eastern Corridor which hosts Cardinia Hill and numerous other recently defined targets."
Wide high-grade results
Around 30% of the planned 8,300 metres in 47 holes has been completed with assays including:
- 8 metres at 14.9 g/t gold from 194 metres;
- 12 metres at 7.00 g/t from 80.6 metres;
- 13 metres at 5.98 g/t from 38 metres;
- 24 metres at 3.12 g/t from 19 metres including 9 metres at 6.95 g/t from 34 metres;
- 21 metres at 2.58 g/t from 43 metres including 6 metres at 5.32 g/t from 52 metres;
- 13 metres at 2.62 g/t from 35 metres and 6 metres at 6.11 g/t from 66 metres;
- 10 metres at 2.92 g/t from 22 metres;
- 7 metres at 2.73 g/t from 93 metres; and
- 7 metres at 2.47 g/t from 41 metres.
Munckton said: “The recent drilling has intersected high-grade gold associated with pyrite mineralisation at shallow depths in the Southern Shoot and strong intersections were also achieved at depth within the extension of this shoot of mineralisation.
“The number of results exceeding 30 gram-metres, plus standout intercepts such as 8 metres at 14.9 g/t gold from 194 metres down-hole in CH20RC142, 12 metres at 7.0 g/t from 80.6 metres down-hole in CH21DD093 and 13 metres at 6.0 g/t from 38 metres down-hole in CH20RC116 in the main lode position, demonstrate the continuity of the high-grade zone to significant depths at the Southern Shoot and augurs well for an improving grade profile for the near-surface component and the overall deposit.”
Potential for underground mining
The resource definition program has extended the strike length and depth extent of the high-grade Southern Shoot and highlighted the potential for future underground mining at Cardinia Hill.
Munckton said: “The 25 metres by 25 metres resource definition drilling program, with a strong diamond drilling component, is giving the geological team a detailed understanding of the controls on the mineralisation at Cardinia Hill and has confirmed the importance of porphyry intrusions as a controlling factor in the distribution of the high-grade mineralisation.
“Deeper diamond drilling is also providing new insights into the depth extensions of the Southern Shoot into potential underground mining positions.
“This information is now being applied to the remaining drilling at Cardinia Hill and the upcoming drilling at other Eastern Corridor targets, which is now well underway.”
Location of the Eastern Corridor mineralised system in relation to the new geological interpretation based on the recent Gravity survey data.
Eastern Corridor drilling underway
Initial testing with RC drilling has commenced in the Eastern Corridor in parallel with the RC and DD program at Cardinia Hill, and will systematically test seven targets with 5,600 metres of drilling in 53 holes.
Munckton said: “Elsewhere across the project, aircore drilling at 200 metres line spacing over the Eagle soil geochemical anomaly located on the western side of the CGP is nearing completion and RC drilling has commenced to test the seven targets in the Eastern Corridor which were highlighted in the recent gravity survey work.”
The company believes there is excellent potential for additional Cardinia Hill-style discoveries within this Eastern Corridor.
Munckton said: “These targets have the potential to reveal new discoveries for the company similar in scale to Cardinia Hill and align with our view that the Cardinia area hosts a number of potentially large, high-grade positions across the project area.
“Underpinned by a strong bank balance, our 2021 exploration campaign is now off to a flying start and we are very optimistic about what we can deliver for our shareholders with the drill rig this year!”