Kin Mining NL (ASX: KIN) has identified large new areas of mineralisation within its Cardinia Gold Project near Leonora in Western Australia.
Drilling at the Lewis East prospect discovered new shallow, large, ore grade zones of mineralisation, while at Lewis West broad areas of anomalous alteration mineralisation was intersected.
Managing Director Andrew Munckton said that all targets drilled are located within five kilometres of the proposed Cardinia processing plant site.
High-grade intersections identified at Lewis East included: 4m at 11.6g/t Au from 8m; 53m at 1.3g/t Au from 4m to BOH; 13m at 1.0g/t Au from 24m; 32m at 1.1g/t Au from 0m; and 16m at 1.3g/t Au from 8m.
Kin’s latest drilling programmed consisted of 7,881m of AC and 880m of Reverse Circulation (RC) drilling across six key target areas. The targets are prospective for gold- rich sulphide replacement and epithermal vein-hosted gold mineralisation.
The 2019 aircore drilling programme completed in December has been highly successful and supports our key objective of identifying new zones of mineralisation with potential to enhance the current CGP mine plan as outlined in the Pre-Feasibility Study completed in mid-2019,” Mr Munckton said.
“The campaign has confirmed our belief that the Cardinia area holds substantial zones of high grade gold mineralisation within broader zones of alteration containing lower grade mineralisation in addition to the Mineral Resources that have previously been defined.
“The exploration team have made significant new discoveries at Cardinia Hill, Comedy King and Lewis East during this campaign which was the first substantial exploration effort outside the established deposits in over six years within the region and the first in the Cardinia area for more than a decade.
“These latest results confirm the presence of large zones of epithermal vein style mineralisation with occasional high grade gold zones within broader areas of lower grade alteration at Lewis East.
“The Lewis West AC results also show a strike continuous zone of broad alteration mineralisation consistent with the narrow veins mapped at surface at Golden Dolerite that returned high grade rock chip results.”
Mr Munckton said the results to date are indicative of a large mineralised system at Cardinia consistent with the crosscutting Lewis Fault and its other parallel subsidiary faults. These structures will be the key target areas in our future exploration program.
He said that Cardinia Hill, Comedy King and Lewis East appear to be large scale zones of gold mineralisation which remain open and warrant follow-up drilling.
“The close proximity to the processing plant site only serves to further enhance the results. We look forward to this follow up work commencing in the March quarter 2020.”
