Kin Mining NL’s (ASX:KIN) new assay results from recent reverse circulation (RC) drilling at Bruno-Lewis deposit, one of the cornerstone deposits at its 100%-owned Cardinia Gold Project (CGP) in Western Australia, have confirmed the quality of the deposit.
Best results are 9 metres at 5.15 g/t gold from 37 metres, 4 metres at 6.76 g/t from 87 metres and 4 metres at 3.31 g/t from 36 metres.
The results demonstrate strong potential to upgrade and expand the current 311,000-ounce mineral resource estimate as part of an updated estimate due later this quarter.
This is expected to the project-wide mineral resource inventory beyond the 1.15-million-ounce figure announced in December 2020.
Exceptional underlying value at CGP
Kin Mining managing director Andrew Munckton said: “The strong results generated by the Phase 3 drilling continue to demonstrate the exceptional underlying value of the Cardinia Gold Project.
“The excellent results received so far from the southern portion of Bruno-Lewis have highlighted the potential, both to increase the average grade of the mineral resource and to include previously identified lode positions both close to surface and at depth that were not classified as part of the most recent mineral resource estimate in December 2020.
“This drilling will be incorporated as part of a new mineral resource estimate for Bruno-Lewis scheduled for the March quarter, that should lift our project-wide mineral resource inventory beyond the 1.15 million ounces figure announced in December 2020.
As well as the zones of high-grade mineralisation, zones of broad, lower-grade, shallow mineralisation with sporadic higher grades were intersected, including:
- 18 metres at 1.43 g/t from 76 metres, including 3 metres at 3.14 g/t from 91 metres;
- 26 metres at 0.81 g/t from 7 metres, including 5 metres at 1.66 g/t from 7 metres;
- 40 metres at 0.62 g/t from 75 metres, including 2 metres at 2.24 g/t from 80 metres;
- 40 metres at 0.60 g/t from 30 metres, including 5 metres at 2.43 g/t from 40 metres; and
- 14 metres at 1.06 g/t from 38 metres.
Awaiting results from northern half
Drilling at Bruno-Lewis was completed in late 2020 with the aim of extending and upgrading the classification of the inferred mineral resource at the deposit.
Results reported are from the southern part of the deposit, where the inferred mineral resource totals 1.5 million tonnes at 1.00 g/t gold for 48,000 ounces of contained gold.
The company is awaiting assay results from a further 38 RC drill holes targeting the northern half of the Bruno-Lewis deposit, where drilling was designed to extend and upgrade a further 2.6 million tonnes at 1.17g/t gold for 96,000 ounces of contained gold, also classified as inferred mineral resource.
The drilling also targeted potential lode positions that were intersected in historical wide-spaced drilling but had not previously been classified in a mineral resource estimate.