Kin Mining NL's (ASX:KIN) new intersections of up to 3.4 g/t gold in recent aircore drilling at the emerging East Lynne prospect within the wider Cardinia Gold Project have confirmed the continuity of mineralisation over 3.2 kilometres.
High-grade gold mineralisation in the near-surface environment is present above a broad zone of sulphide mineralisation marked by a strong IP anomaly above a major geological feature at East Lynne.
Best results in infill drilling at the Collymore Trend in the Northern Zone were 3 metres at 3.4 g/t from 84 metres to end-of-hole and 4 metres at 3.14 g/t from 16 metres.
“We may be onto something significant”
Managing director Andrew Munckton said: “Aircore drilling is continuing to deliver the goods at East Lynne, with more encouraging ore grade results seen in the southern part of the Central Zone and some significant high-grade results from the first batch of infill drilling in the Northern Zone in what we now refer to as the Collymore Trend.
“The high-level takeaways for investors are that we have confirmed the continuity of shallow mineralisation in aircore drilling over a 3.2-kilometre strike length from lines 2 to 10.
“This combined with the favourable underlying geology and structures gives us great confidence that we may be onto something quite significant at East Lynne.
“Before we are able to confirm this, we will need to see the results of the initial RC drilling we have completed and diamond drilling which is in progress.”
Best other assay results from all 14 lines include:
- Line 9: 4 metres at 1.23 g/t from 20 metres and 4 metres at 1.25 g/t gold from 40 metres; and
- Line 10: 4 metres at 0.92 g/t from 28 metres.
The growing evidence from soil sampling and aircore drilling is that East Lynne contains three parallel zones of mineralisation, including the new Collymore Trend, which extends over a strike length of 2 kilometres.
Diamond drilling continuing
Munckton said the first 12 RC holes had been drilled in and around the high-grade shallow intersections seen in lines 3-9.
“We are awaiting assays - in the meantime, diamond drilling is continuing in a systematic fashion to test the underlying IP anomaly.
“The results should give us a much clearer picture of the scale and significance of what we might be dealing with at East Lynne.”
Kin Mining is set to present at Diggers & Dealers' 'The Next Big Thing' Investor Luncheon in Kalgoorlie on Tuesday, October 13.
Investors can register at https://www.resourcesrisingstars.com.au/events/diggers-lunch-next-big-thing