Kin Mining NL (ASX:KIN) is compelled to push ahead following new drilling results from its Eastern Corridor exploration program targeting the under-explored Rangoon area at the 1.275-million-ounce Cardinia Gold Project (CGP) near Leonora in Western Australia.
The Eastern Corridor program was designed to give the company a better understanding of several prospects within what has emerged as a large, highly mineralised complex.
Kin Mining’s Eastern Corridor Targets, part of the CGP. Rangoon lies on the Helens Fault west of the Fiona Fault and Cardinia Hill Fault.
Significant new zones
KIN has discovered significant new zones of gold mineralisation east of the historical Rangoon surface workings during reverse circulation (RC) drilling, pointing to the potential to expand the existing shallow 32,000-ounce mineral resource at the prospect.
The RC drilling program wrapped up in April with 32 holes drilled for 3,913 metres. Results include:
- 43 metres at 1.03 g/t gold from 39 metres, including 15 metres at 1.55 g/t from 48 metres;
- 31 metres at 1.07 g/t from 55 metres, including 6 metres at 3.17 g/t from 55 metres;
- 27 metres at 1.05 g/t from 75 metres, including 14 metres at 1.31 g/t from 88 metres;
- 6 metres at 4.22 g/t from 65 metres; and
- 3 metres at 3.95 g/t from 42 metres.
The new intersections confirm an east-dipping orientation to the mineralisation in this area, supporting previous broad intersections containing high-grade quartz-sulphide zones such as 19 metres at 2.48 g/t gold from 91 metres and 12 metres at 3.04 g/t from 62 metres.
“Exciting exploration” along Eastern Corridor
The Eastern Corridor contains a number of “exciting” exploration and development prospects including Cardinia Hill, Helens, Fiona and Rangoon, which collectively host in excess of 239,000 ounces of mineral resources and are interpreted to be structurally linked as part of a significantly larger mineralised system on the eastern side of the CGP.
Mineralisation discovered to date within the Eastern Corridor extends over an area of approximately 1 kilometre by 5 kilometres on the eastern side of the CGP, and the company believes it is in a position to uncover new mineralised positions and extend existing deposits at depth.
Mineralisation remains open along strike to the south and down-dip to the east and the company is waiting on assay results for a further 15 RC holes, which test the southern extent.
Kin Mining managing director Andrew Munckton said: “These latest results from Rangoon provide further definitive evidence of the Eastern Corridor potential. What is important here is the style of mineralisation we have been intersecting and the geometry of the lodes in a predominantly east-dipping orientation.
“The mineralisation is predominantly primary, sulphide hosted mineralisation, which is easily recognisable and has the same origins as the other mineralisation found along the Eastern Corridor – with similar alteration and pathfinder minerals. Recent metallurgical test work at Cardinia Hill has shown excellent recovery of gold from similar sulphide ores."
"Significant depth extent"
“These shallow, east-dipping lodes are wide (up to 43 metres down-hole) and seem to link the high-grade steep dipping lodes such as we see at Cardinia Hill, Fiona, Helens and Helens East together," he said.
"The Eastern Corridor mineralisation has significant depth extent – we know that high-grade zones persist up to 250 metres deep and probably well beyond this. This means that the potential along the Eastern Corridor is substantial.
“We continue to see great potential to discover further high-grade lodes, delineate new resources and grow our overall inventory across this corridor, which is a major growth opportunity for the company.”