Kin Mining NL (ASX: KIN) has received further significant assay results from recent in-fill Reverse Circulation (RC) drilling at the Bruno-Lewis deposit, one of the cornerstone deposits at its 100%-owned Cardinia Gold Project (CGP) in Western Australia.
The results – which include several outstanding, wide, high-grade intercepts at shallow depth plus a number of broader, lower grade zones – have confirmed the quality of the Bruno-Lewis deposit, demonstrating strong potential to upgrade and expand the current 311,000oz Mineral Resource Estimate as part of an updated MRE currently in progress.
Significant zones of shallow high-grade mineralisation from the latest results include: 16m at 6.33g/t Au from 19m; 4m at 7.68g/t Au from 9m; 5m at 2.20g/t Au from 35m; 4m at 2.37g/t Au from 18m, and 6m at 2.25g/t Au from 49m.
Managing Director, Andrew Munckton, said the drilling was undertaken at Bruno-Lewis to complete the Phase 3 drilling programme which commenced in November 2020 with the aim of extending the mineralisation at depth, increasing the average grade and upgrading the classification of the Inferred Mineral Resource at the deposit.
The latest results are from the northern part of the deposit, where the Inferred Mineral Resource totals 2.6Mt at 1.17g/t Au for 96,000oz of contained gold.
The drilling targeted Inferred Mineral Resources inside the A$2600 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.
A 2019 Pre-Feasibility Study on the Cardinia Gold Project was underpinned by both Ore Reserves and Inferred Mineral Resources that fell within a pit design based on A$1,800 gold prices with August 2019 estimated operating costs and Modifying Factors.
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,” Mr Munckton said.
“While we knew that the north-east 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.
“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 1.15Moz figure announced in December 2020.
“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!”
