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Kin Mining commences 10,000-metre drill program at Cardinia to follow up 895 g/t sample

Drilling aims to add high-grade gold to the resource base in order to increase the value of a future mining operation.

Kin Mining NL - Kin Mining commences 10,000-metre drill program at Cardinia to follow up 895 g/t gold rock chips
Assay results are expected to be received before the end of January 2020

Kin Mining NL (ASX:KIN) has commenced a drilling program at its flagship Cardinia Gold Project (CGP) in Western Australia.

The 10,000-metre program will comprise aircore and reverse circulation (RC) drilling and target six key areas located within five kilometres of the processing plant site.

The targets are prospective for gold-rich volcanogenic massive sulphide (VMS) mineralisation and epithermal vein-hosted gold mineralisation.

The targets are a result of exploration that included rock chip sampling which returned grades of up to 895 g/t gold.

The majority of the drilling will be aircore with RC drilling to target the Snowden Well prospect.

The highest grade rock chips which featured 895 g/t and 277 g/t came from the Comedy King prospect.

Drilling at Comedy King will consist of four lines of aircore drilling totalling 4,200 metres in length as per the image below.

Adding gold resources can increase project economics

A pre-feasibility study (PFS) for the Cardinia Gold Project valued a future gold mining operation at up to $118 million.

By delineating high-grade gold resources near the proposed processing plant site, Kin can potentially increase this valuation.

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on 20/2/19

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