Kin Mining NL (ASX: KIN) has obtained “outstanding” wide, high-grade assay results from the initial Reverse Circulation and diamond Resource Definition drilling programme at the Cardinia Hill deposit at its 100%-owned Cardinia Gold Project (CGP), near Leonora in Western Australia.
The Cardinia Hill prospect, located 2km from the proposed processing plant site, was discovered in early 2020 and was targeted with an initial shallow RC and DD drilling programme, resulting in the estimation of an Inferred Mineral Resource totalling 1.2Mt at 1.66g/t for 61,000 ounces of gold in December 2020.
Managing Director, Andrew Munckton, said the Resource Definition programme, which commenced in February 2021, comprises approximately 8,300m of RC and DD drilling in 47 holes, is designed to extend the Mineral Resource to approximately 200m below surface and in-fill the near surface portion of the Mineral Resource to a nominal 25m by 25m spacing as the foundation for an upgrade of the Mineral Resource classification.
This is a great way to close-out the first quarter, with the first batch of assays from the Resource Definition drilling programme at Cardinia Hill well and truly coming up with the goods! The results have exceeded our expectations and upgraded the potential of this deposit, as well as our understanding of, and growing confidence in, the emerging Eastern Corridor which hosts Cardinia Hill and numerous other recently defined targets,” Mr Munckton said.
“The recent drilling has intersected high-grade gold associated with pyrite mineralisation at shallow depths in the Southern Shoot and strong intersections were also achieved at depth within the extension of this shoot of mineralisation.
“The number of results exceeding 30 gram-metres, plus standout intercepts such as 8m at 14.9g/t Au from 194m down-hole in CH20RC142, 12m at 7.0g/t Au from 80.6m down-hole in CH21DD093 and 13m at 6.0g/t Au from 38m down-hole in CH20RC116 in the main lode position, demonstrates the continuity of the high-grade zone to significant depths at the Southern Shoot and augurs well for an improving grade profile for the near- surface component and the overall deposit.
“The 25m by 25m Resource Definition drilling program, with a strong diamond drilling component, is giving the geological team a detailed understanding of the controls on the mineralisation at Cardinia Hill and has confirmed the importance of porphyry intrusions as a controlling factor in the distribution of the high-grade mineralisation.
“Deeper diamond drilling is also providing new insights into the depth extensions of the Southern Shoot into potential underground mining positions. This information is now being applied to the remaining drilling at Cardinia Hill and the upcoming drilling at other Eastern Corridor targets, which is now well underway.
“Elsewhere across the Project, air-core drilling at 200m line spacing over the Eagle soil geochemical anomaly located on the western side of the CGP is nearing completion and RC drilling has commenced to test the seven targets in the Eastern Corridor which were highlighted in the recent gravity survey work.
“These targets have the potential to reveal new discoveries for the Company similar in scale to Cardinia Hill and align with our view that the Cardinia area hosts a number of potentially large, high-grade positions across the project area.
“Underpinned by a strong bank balance, our 2021 exploration campaign is now off to a flying start and we are very optimistic about what we can deliver for our shareholders with the drill rig this year!”
