- Kin Mining (KIN) has commenced a 45,000-metre drill program at the Cardinia Gold Project in Western Australia
- The phase three program will contribute to the upcoming maiden mineral resource estimate for the site’s Cardinia Hill target
- The program will also take aircores from the Helens East, Helens South, Triangle, East Lynne, Faye Marie and Black Chief targets at the property
- The company expects to complete diamond and reverse circulation drilling by October, with the resource estimate to follow
- Kin Mining shares are up 8.7 per cent today, trading for 12.5 cents each
Kin Mining (KIN) has commenced an extensive drill program at the Cardinia Gold Project in Western Australia.
The 45,000-metre phase three program help the company develop its maiden mineral resource estimate for the site’s Cardinia Hill target. Previous promising assays from the target include 4.42 grams per tonne of gold across 15 metres and 3.29 grams per tonne of gold across 17 metres.
The program will also take air-cores from the Helens East, Helens South, Triangle, East Lynne, Faye Marie and Black Chief targets at the property.
The company expects to complete the diamond and reverse circulation drilling aspects of the program by October, with the new mineral estimate for the Cardinia Hill target to follow once drilling wraps up.
Kin Mining’s Managing Director, Andrew Munckton believes the first two rounds of drilling, completed earlier this year, have significantly enhanced the company’s understanding of the site’s surrounding geology and prospective targets.
He went on to say, when paired with the upcoming program, the recent exploration could rapidly expand the existing 945,000-ounce mineral resource estimate at Cardinia.
“These new rounds of drilling will feed into a project-wide mineral resource estimate update for the Cardinia Gold Project expected to be delivered in the later part of the year.
“We are also looking forward to testing a number of early-stage targets identified by recent soil geochemistry and geophysical surveys, all of which show exciting promise for more high-grade gold discoveries within the highly-mineralised Cardinia project area,” he said.
Kin Mining shares are up 8.7 per cent today, trading for 12.5 cents each at 11:17 am AEST.