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Kin Mining receives re-assays confirming high-grade gold at exploration prospects

The 1-metre assays will help Kin better plan follow-up drilling that is expected to commence in March.

Kin Mining NL - Kin Mining receives re-assays confirming high-grade gold at exploration prospects
1-metre assays remain pending for Comedy King, Lewis East, and Lewis West

Kin Mining NL (ASX:KIN) has received more detailed 1-metre assays results from the previous 4-metre assays received.

Assays are from drilling at Cardinia Hill and Black Chief prospects located within 5 kilometres of the processing plant site at the Cardinia Gold Project in Western Australia.

Both prospects contain shallow, high-grade zones of gold mineralisation within a lower grade halo.

Highlights included:

Cardinia Hill

  • 9 metres at 3.05 g/t gold from 46 metres including 1-metre at 11.7 g/t from 51 metres;
  • 8 metres at 2.17 g/t gold from 19 metres including 1-metre at 7.80 g/t from 19 metres; and
  • 6 metres at 1.87 g/t gold from 29 metres.

Black Chief

  • 3 metres at 3.47 g/t gold from 47 metres; and
  • 3 metres at 2.55 g/t gold from 18 metres.

Drilling program scheduled for March

Kin’s managing director Andrew Munckton said: “The aircore drilling program completed in December 2019 was successful at defining three new deposits at Comedy King, Lewis South and Cardinia Hill where wide intersections of mineralisation with areas of high grade were encountered in 4-metre composite sampling.

“These zones of mineralisation are now being refined with the 1-metre sampling of anomalous zones, resulting is generally narrower and higher grade intersections.

"The high-grade zones are now being used to enhance the targeting for the upcoming RC drilling program and the proposed step out aircore drilling program scheduled for commencement in March 2020.

Goal is to grow resource base at Cardina Project

“The success of this first aircore drilling program at defining very significant mineralisation separate to the know deposits at the CGP indicates the Cardinia contains an abundance of mineralisation that warrants significant drilling.

“There is strong potential to define additional high-grade mineralisation to compliment the Mineral Resources already defined and enhance the economics of the pre-feasibility study completed in August 2019.”

Kin hopes the discoveries it has made at these gold prospects will eventually add to the project's resource base, which recently grew to 945,000 ounces grading 1.4 g/t gold.

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Kin Mining NL (ASX:KIN) managing director Andrew Munckton updates Proactive Investors on development of the Cardinia gold project, near Leonora in Western Australia. Results from 16 of 51 holes drilled at both the Lewis and Helens prospects have been released so far. Munckton says,...

on 20/2/19

2 min read