Kin Mining NL (ASX: KIN) has reported highly encouraging results from ongoing exploration drilling programmes at its 100%-owned Cardinia Gold Project (CGP) near Leonora in WA.
The results from RC drilling at the Cardinia Hill prospect have confirmed the high-grade nature of the gold mineralisation and the strong association with sulphide-dominant alteration, rich in a host of indicator elements such as arsenic (As), copper (Cu), molybdenum (Mo), silver (Ag), tellurium (Te) and tungsten (W).
While at the Helens East target, located approximately 2.5km east of the proposed processing plant site at the CGP, air-core drilling results indicate that mineralisation in the zone between Helens and Cardinia Hill contains several new mineralised trends not previously defined by historical workings or by the limited shallow drilling undertaken by previous explorers.
Kin Mining Managing Director, Andrew Munckton, said the Cardinia Hill reverse circulation drilling, Helens East air-core and Helens South air-core drilling, which commenced in March, is part of the Phase 2 programme designed to in-fill and extend the mineralisation encountered previously at the CardiniaHill, Comedy King and Lewis East prospects with reverse circulation drilling, and provide initial air-core coverage over the Helens East, Helens South and Faye Marie prospects.
“These are some of the best results we have seen to date as part of our strategy to unlock the broader exploration potential of the Cardinia Gold Project, highlighting the opportunity to make substantial new gold discoveries in areas outside of the existing Mineral Resources,” Mr Munckton said.
“The reverse circulation drilling programme that commenced in March has delivered some outstanding intersections, characterised by sulphide mineralisation and alteration in all eight holes completed to date at Cardinia Hill.
“The sulphide-rich intersections and accompanying alteration zones in the first five holes have now returned broad widths of high-grade gold mineralisation with a distinctive suite of indicator minerals.
“Ore grade intersections have been encountered from close to surface and up to 100m below surface, indicating the potential to extend this style of mineralisation to considerable depth. In addition, the Cardinia Hill mineralisation has now been intersected in reverse circulation and air-core drilling over a strike length of approximately 500m, and it remains open in all directions indicating the extensive nature of this style of mineralisation.
“The Phase 2 air-core drilling programme that commenced at Helens East and Helens South spans an area of approximately 1km by 2.5km sitting between the Helens and Cardinia Hill mineralised positions.
“The Helens East Aircore programme consists of three lines of drilling at 200m line spacing. Assays have been returned for these initial lines and have yielded numerous anomalous zones worthy of follow up and ore grade zones of mineralisation in several holes.
“We are now looking forward to the return of the remaining Helens South air-core results in coming weeks, which should allow us to prioritise which zones to test further with reverse circulation drilling.
“The discovery of high-grade mineralisation at Cardinia Hill and the expanding footprint of mineralisation at Helens East are both indicative of the potential for a very large mineralised system within the Company’s Cardinia holdings.
“The mineralised system appears to be strongly sulphide associated and be controlled by the emerging Helens Fault and Lewis Fault structures. Our geological team now has a solid understanding of the controls on mineralisation and the part that the Helens Fault and Lewis Fault play in the distribution of gold at Cardinia.
“We are now exploring the area for large bodies of high-grade gold mineralisation and we continue to apply a systematic approach to their discovery and assessment.”