Kin Mining NL (ASX:KIN) has identified large new zones of gold-rich volcanogenic massive sulphide (VMS) mineralisation and epithermal vein-hosted gold mineralisation at Cardinia Gold Project (CGP) in WA.
This follows an aircore drilling program completed last month at six new prospects within 5-kilometres of the processing plant site at CGP in the North-Eastern Goldfields.
Assay results have been returned for all drilling at Cardinia Hill and Black Chief South prospects along with part of the Lewis East program.
Kin Mining managing director Andrew Munckton said the results, which identified new zones at Cardinia Hill and Lewis East, were encouraging.
He said: “These early results support our exploration 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.”
Best results for the 24 holes completed at Cardinia Hill are 24 metres at 1.64 g/t gold from 32 metres to the bottom of the hole (BOH), 20 metres at 1.42 g/t from 8 metres and 12 metres at 1.32 g/t from 24 metres to BOH.
Further aircore drilling is planned to test the extent of the mineralisation along strike while reverse circulation (RC) drilling will be utilised to test the depth potential below 50 metres.
At Lewis Hill, best results are 53 metres at 1.27 g/t from 4 metres to BOH, 13 metres at 1.03 g/t from 24 metres to BOH and 4 metres at 11.6 g/t from 8 metres.
Assays for the remaining 35 holes at Lewis East are awaited.
Geological logging has confirmed the new interpretation of sheared VMS and epithermal vein style mineralisation.
Munckton said: “Cardinia Hill and Lewis East appear to be two large-scale zones of mineralisation which remain open and warrant follow-up drilling, expected later in the current March quarter 2020.
“The close proximity to the processing plant site only serves to further enhance the results.”
Prospects were generated by a target generation process undertaken since the middle of 2019, including rock chip sampling around areas of historic workings which returned grades as high as 277 g/t and 895 g/t.
At Black Chief South 12 holes for 649 metres was completed with a best result of 4 metres at 2.16 g/t from 20 metres.
The remaining aircore results from Lewis East, Lewis West, Comedy King and RC drilling at Snowden Well are expected by early February 2020.