Kin Mining NL (ASX: KIN) has received encouraging new assay results from Reverse Circulation (RC) drilling undertaken at the Iron King prospect, located within its 100%-owned tenements approximately 45km north-west of Leonora, WA.
Iron King is located near Red 5’s King of the Hills 4.1Moz gold mine. It has a similar geological setting to King of the Hills with gold mineralisation being associated with a significant granodiorite intrusion.
The RC drilling results confirm the presence of primary gold mineralisation located beneath previous encouraging air-core drilling.
The limited RC drilling completed at Iron King has confirmed primary gold mineralisation below the shallow aircore results released in 2021,” Managing Director, Andrew Munckton, said.
“We have now confirmed the presence of primary gold mineralisation over substantial widths, coincident with quartz veining and sulphides. Importantly, the gold mineralisation at both Iron King and Axford is associated with alteration zones adjacent to an interpreted granodiorite intrusion.
“The similarity of the Iron King mineralisation to the nearby King of the Hill style of deposit is notable and therefore the prospect requires further analysis and follow up drilling.”
Iron King Prospect
RC drilling to follow up previous Aircore drilling was conducted predominantly to the west of the historical Iron King open pit.
The Iron King open pit produced approximately 20,000 tonnes at 9.0g/t Au for 5,600oz of gold mined in the 1980’s.
Historical drilling results at Iron King were derived from RC drilling completed in 1980’s as limited extensions of the historically mined pit area. Intersections such as 1m at 27.5g/t Au from 3.0m in IK010 highlight the high grade but narrow nature of the mineralisation in and around the open pit and historical workings.
The company has completed nine holes for a total of 822m of RC drilling targeting the Iron King fault which strikes East-West as it wraps around the Tarmoola anticline.
Significant results include 8.0m at 1.79g/t Au from 13m in IK22RC005, 2m at 2.74 g/t Au from 54m in IK22RC006 and 2m at 2.86g/t Au from 60m in IK22RC010.
Mineralisation is associated with abundant quartz veining (up to 50%), containing up to 10% pyrite and surrounding rock displaying weak to moderate foliation and shear textures, indicating a structurally-controlled system located between basalt and dolerite units adjacent to a significant granodiorite intrusion intersected in aircore drilling along strike.
