- Kin Mining (KIN) has received a fresh batch of drill results from its wholly-owned Cardinia Gold Project in Western Australia
- The explorer executed a 27 hole drill programme with the view of extending and upgrading the inferred material in the Bruno-Lewis deposit ahead of an updated mineral resource estimate in April
- Kin says the results have demonstrated strong potential to do this, with best finds including 16 metres at 6.33g/t gold, four metres at 7.68g/t gold and five metres at 2.20g/t gold
- Now the programme has been completed, Kin has flagged plans to test a number of new exploration targets this year
- Kin Mining is trading a flat 12.5 cents following the announcement.
Kin Mining (KIN) has received a fresh batch of drill results from its wholly-owned Cardinia Gold Project in Western Australia.
The drill programme was executed in a bid to extend and upgrade the classification of the inferred material in the Bruno-Lewis deposit, where a total of 27 holes have been drilled since November 2020.
These particular results are from 21 holes drilled at the prospect and according to Kin, demonstrate strong potential to upgrade and expand the current 311,000-ounce mineral resource estimate as part of an updated mineral resource estimate currently in progress.
Shallow drills appeared to yield more significant zones of high-grade mineralisation, with best results including 16 metres at 6.33g/t gold, four metres at 7.68g/t gold and five metres at 2.2g/t gold.
Additional zones of wider, lower grade mineralisation include 16 metres at 1.03g/t gold, 14 metres at 1.09g/t gold and 13 metres at 1.01g/t gold.
The explorer has projected an updated mineral resource estimate for the Bruno-Lewis deposit incorporating all the new drilling data for late April this year.
“With the Bruno-Lewis drilling now complete, we are moving ahead with the Phase 4 program which will test a number of exciting new exploration targets in 2021,” Kin Mining Managing Director Andrew Munckton said.
“We currently have three rigs active on site, which will systematically test seven new targets in the Eastern Corridor, which contains the Helens and Cardinia Hill deposits, and the large, soil geochemical target at Eagle to the west of Cardinia,” he concluded.
Kin Mining is trading flat 12.5 cents following the announcement.