Kin Mining Ltd (ASX:KIN) has received final assay results at the Comedy King prospect, which continue to define near-surface gold mineralisation at the Cardinia Gold Project (CGP) near Leonora Western Australia.
The samples were generated from the aircore (AC) drilling progam completed in December 2019.
These 1 metre samples were collected from 4 metre composite samples greater than 0.1g/t gold to allow for better definition of the mineralised zones.
Best results from Comedy King include:
- 3 metres at 5.45 g/t gold from 5 metres, including 1 metre at 11.1 g/t gold from 6 metres;
- 2 metres at 6.7 g/t from 5 metres, including 1 metre at 12.2 g/t gold from 5 metres; and
- 2 metres at 5.88 g/t from 3 metres.
A full interpretation of all the recent drilling results in conjunction with previous drilling results is ongoing.
Follow-up drilling is continuing as planned with an aircore rig currently operating on site and RC drilling set to begin this week.
One metre split results from Comedy King
Managing director Andrew Munckton said: “Our initial interpretation at Comedy King based on the 4 metre composite assays was a series of high grade, narrow mineralised zones striking east-west and dipping to the north.
“At Comedy King, several quartz sulphide veins exist within broader, lower grade alteration halo mineralisation.
“These veins appear to be initiated from north east trending faults associated with the rapidly expanding Lewis Fault system.
“The Lewis Fault system is intimately associated with mineralisation at the Lewis, Lewis East, Nevertire, Black Chief and now the Comedy King deposits.”
Cluster of deposits displaying high-grade mineralisation
Munckton continued: “These deposits are spread over an area covering approximately 4 kilometres by 2 kilometres and represent a cluster of deposits displaying both high-grade vein and lode style mineralisation and lower grade alteration halo mineralisation, all with a common geological control.
“In addition to the primary mineralisation at Comedy King, aircore drilling has also intersected shallow high-grade mineralisation associated with an interpreted alluvial channel.
"Alluvial channels in the area are extensive and represent an additional near surface exploration target for the company.”
Significant intersections for the 1 metre split samples at Comedy King
Drilling program to continue through to completion
The company has implemented several new procedures in response to the COVID-19 pandemic which are designed to ensure the health and safety of Kin staff and contractors.
This includes measures designed to support social distancing including having the majority of Perth-office staff working from home, minimising interaction on site and restricting all non-essential travel by staff and contractors.
The current aircore and reverse circulation (RC) drilling program is planned to continue through April 2020 to completion.
During this program and assessment of its results, Kin will continually evaluate the operating environment and any restrictions in place due to the COVID-19 pandemic before determining the next steps in the exploration program at the CGP.