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Kin Mining diamond drilling confirms gold discovery at Mount Flora

Last updated: 11:51 20 Sep 2021 AEST, First published: 11:21 20 Sep 2021 AEST

Kin Mining NL - Kin Mining encouraged by gold discovery at Mount Flora
Mount Flora core showing silica-biotite altered basalt with quartz carbonate veining and sulphide mineralisation.

Kin Mining NL (ASX:KIN) is encouraged by preliminary observations from the first deep diamond hole completed at Mount Flora prospect, that confirm a new gold discovery just 20 kilometres from its Cardinia Gold Project near Leonora in Western Australia.

Promisingly, the diamond drill program to test the primary zone beneath the recent aircore results at Mt Flora has intersected two zones of sulphide mineralisation.

These zones are interpreted to be the down-plunge extensions of previously reported high-grade aircore results which include:

  • 22 metres at 8.96 g/t gold; and
  • 8 metres at 2.79 g/t.

“Significant new discovery”

Kin Mining managing director Andrew Munckton said: “Having received the balance of assay results from aircore drilling and completed a diamond drill hole beneath our best aircore intercepts of 22 metres at 8.96 g/t and 8 metres at 2.79 g/t, we now have sufficient confidence to say that Mt Flora is confirmed as a significant new gold discovery 20 kilometres east of the main Cardinia Gold Project.

“While assays are awaited for the diamond drill hole, visual inspection of the core shows that it has successfully intersected the interpreted down-plunge extension of two zones of high-grade mineralisation seen in aircore drilling.

“This suggests that there is a significant primary gold system beneath the 700-metre long, near-surface Eastern Zone mineralisation. Further work is required to test beneath 400-metre long North-Western Zone."

Outcropping quartz-carbonate veins in historic workings at Mt Flora.

Drilling results

Kin’s new results from the recently completed aircore program include several shallow intersections across the eastern and north-western zones, which have confirmed the extent of the near-surface mineralisation at 100-metre and 200-metre line spacings.

New results include intersections of 4 metres at 1.01 g/t gold from 48 metres and 4 metres at 1.02 g/t from 24 metres to bottom-of-hole.

Completed 4-metre composite assay results received from follow up aircore drilling outline the eastern zone over an area 700 metres long and up to 150 metres wide containing numerous ore grade drilling results coincident with shallow east-dipping quartz sulphide mineralisation in mafic rocks.

The north-western zone is a semi-continuous mineralised zone 400 metres long and up to 80 metres wide, containing several ore grade drilling results.

Aircore drilling

Kin Mining completed the program of aircore drilling at Mount Flora in two stages comprising a maiden program of 269 drill-holes for 10,166 metres on 11 lines of drilling at 200- metre line spacings completed in April 2021 testing three regional gold-in-soil anomalies and a follow-up program completed in July 2021 comprised an additional 268 holes for 10,763 metres on 13 lines.

All assay results have been returned for the follow-up program, confirming that a continuous zone of mineralised lodes spanning at least 700 metres of strike and up to 150 metres wide is present at the eastern zone and several mineralised lodes spanning 400 metres along strike and up to 80 metres wide are present at the northwestern zone.

Multi-element assay results for bottom-of-hole samples used to characterise the mineralisation, alteration and rock types have confirmed that the gold mineralisation is associated with anomalous silver, tellurium and tungsten in sulphide-rich quartz-carbonate vein structures within mafic rocks.

Diamond drilling

A single diamond drill hole MF21DD001 has been completed to test potential depth extensions of near-surface mineralisation intersected in aircore drilling at the Eastern zone and to understand the stratigraphy of the rock package

The diamond hole intersected two zones of mineralisation at approximately 110 to 120 metres downhole and 187 to 194 metres downhole.

In both cases, mineralisation appears to be associated with fine quartz-carbonate veining in a silica and biotite altered, foliated, Tholeiitic basalt rock with fine pyrite mineralisation.

Mount Flora drill core from 186.2 to 195.2 metres showing silica-biotite altered basalt with quartz-carbonate veining and sulphide mineralisation.

“New source of satellite ore feed”

Munckton adds: “Because of the high-grade results generated to date and the continuous nature of the gold mineralisation in the lines of 100-metre spaced AC drilling at the Eastern Zone, this is where we plan to focus our drilling efforts when diamond and RC drilling resumes in October.

“We plan to systematically assess the 700-metre strike length as the foundation for a maiden mineral resource estimate before moving onto the North Western Zone.

“One key characteristic of the Mt Flora discovery is that these new zones have never been drill tested before, so if we have further success, the area has the potential to shape up as a completely new source of satellite ore feed to the Cardinia Gold Project – which is an exciting development for our shareholders.”

Next steps

The diamond drill hole has only recently been completed and is being processed at Cardinia with assay samples to be submitted to laboratories shortly.

Kin's next phase of work, comprising RC and diamond drilling to confirm mineralisation continuity at a closer spacing in both oxidised and fresh rock, is planned to commence as soon as drill rigs become available, scheduled for early October.

Kin Mining sees consistently strong drill results from Eastern Corridor

Kin Mining NL (ASX:KIN) managing director Andrew Munckton tells Proactive significant assay results have been received from the next four lines of extensional aircore drilling between Cardinia Hill and Collymore within the Eastern Corridor at Cardinia Gold Project. He says the strong results...

on 13/6/23