- Kin Mining (KIN) extends mineralisation to over 1100 metres of strike at the Cardinia Hill prospect in WA
- The materials stock received the final lot of assays from drilling which aimed to test and extend mineralisation at Cardinia Hill which remains open to the north and at depth
- Assays peaked at 14.5 g/t gold over two metres and results confirmed mineralisation is associated anomalous silver, copper, antimony, molybdenum, selenium and tellurium
- Kin Mining has already begun follow-up drilling which has started with the Rangoon and East Lynne areas
- KIN shares end the day trading steady at eight cents
Kin Mining (KIN) has received the final results from reverse circulation (RC) drilling at the Cardinia Hill prospect.
The prospect is part of Kin’s wholly-owned Cardinia gold project (CGP), near Leonora in Western Australia.
The RC drilling effort was completed in March and included 21 holes for 2100 metres.
Drilling aimed to extend the mineralised strike extent of Cardinia Hill, test at depth below historical drilling, gain a better understanding of the geology, and confirm that majority of mineralisation in the area is consistent with the Eastern Corridor mineralised system.
Positively for the company, multi-element assays have confirmed the mineralisation is associated with anomalous silver, copper, antimony, molybdenum, selenium and tellurium in sulphide-rich vein structures within altered mafic rocks.
Results include two metres at 14.5 g/t gold from 120 metres, four metres at 2.79 g/t gold from 96 metres, one metre at 6.11 g/t gold from 63 metres and one metre at 7.17 g/t gold from 50 metres.
Managing Director Andrew Munckton said these results show the high-grade gold lodes can be traced for over 1.1 kilometres and remain open to the north and at depth.
“These Cardinia Hill results combined with recent high grade results from Rangoon, Fiona and historical drilling at the nearby Helens deposit demonstrate that the Eastern Corridor area is strongly endowed with multiple structurally controlled ore positions, all of which contain high grade sulphide and quartz vein mineralisation that has a common source,” Mr Munckton said.
Kin Mining plans to undertake follow-up work with RC drilling already underway at Rangoon and East Lynne.
Company shares were trading steady at eight cents at market close.