Graziano acquired 250,000 shares on September 15 at 16.3 cents per share in an indirect interest.
This increased the total number of securities held in this interest to more than 7.722 million with another 2,627,680 shares held in another indirect interest.
Results point to large sulphide system
The company’s new East Lynne aircore (AC) drilling results point to a large mineralised sulphide system over a 3.2-kilometre strike length within the Cardinia Gold Project (CGP) in WA.
East Lynne trend is around 3 kilometres northeast of the proposed plant site at the CGP and is a large greenfields gold target identified over the past 12 months as a result of systematic exploration work by Kin’s geological team.
The company has received assays for Lines 7 and 8 of the recently completed 15,000 metre AC program, which consisted of 14 lines of drilling at nominal 400-metre line spacing targeting a 6-kilometre-long multi-element soil geochemical anomaly.
Notable intersections include 5 metres at 35.1 g/t gold from 40 metres with the hole ending in mineralisation.