- Kin Mining (KIN) prepares for drilling at multiple deposits located outside of its Cardinia Gold Project (CGP) in Western Australia
- The company plans to conduct follow-up drilling at the Mount Flora and Axford prospects after recent drilling returned positive results
- Kin will also undertake auger and soil geochemical activities at the Randwick and Murrin prospects
- This work is part of Kin Mining’s plan to determine whether each project holds potential to be a stand-alone operation or would be more suitable to feed into a mining and processing operation at the central Cardinia Gold Project
- Company shares were trading steady at 13 cents
Kin Mining (KIN) has highlighted some drilling plans at a number of deposits located outside of its Cardinia Gold Project (CGP) in Western Australia.
The company owns six projects to the east and west of Cardinia which it has been advancing over the last 12 months.
The aims of the extensive work was to evaluate the prospectivity of the projects and determine whether each one holds potential to be a stand-alone operation or would be more suitable to provide satellite feed to a future mining and processing operation at the CGP.
Once the current phase four drilling program at the CGP has been completed, Kin Mining will conduct reverse circulation (RC) drilling to follow-up on the recently discovered high-grade gold mineralisation at the Mount Flora prospect. This prospect is located 20 kilometres east of Cardinia and returned grades of up to 8.96g/t gold.
Additionally, Kin will undertake aircore and RC drilling to follow-up on strong results at the Axford prospect. It will also undertake auger and soil geochemical programs across the Randwick and Murrin prospects.
These drilling and exploration programs are set to begin in the upcoming September quarter.
Company shares were trading steady at 13 cents at 12:32 pm AEST.