- Kin Mining (KIN) has intercepted up to 113g/t gold from its Cardinia Gold Project in Western Australia
- This bonanza grade came from aircore drilling at the Comedy King prospect
- Results have also come from the Faye Marie prospect with the company returning results such as 8.1g/t gold
- Additional exploration is now planned for these areas
- Kin Mining is up a healthy 17.4 per cent and shares are currently trading for 13.5 cents each
Kin Mining (KIN) has intercepted up to 113g/t gold from its Cardinia Gold Project in Western Australia.
The company has now received assay results from reverse circulation (RC) drilling at the Comedy King prospect and aircore (AC) drilling at the Comedy King and Faye Marie prospects.
“The bonanza grade intercept of four metres at 113g/t from surface is a standout for aircore drilling, and clearly demonstrates the potential for exceptionally high gold grades at the Cardinia Project,” Managing Director Andrew Munckton stated.
“We are also developing a clearer understanding of the orientation and controls of the mineralisation in the Comedy King-Faye Marie-Black Chief corridor, and this area will be one of a number of areas to follow up in our next phase of drilling,” he added.
A total of 19 RC holes, for 1803 metres, were completed at Comedy King.
Significant results, such as two metres at 8.1g/t gold from 37 metres, highlight the presence of high-grade gold associated with northeast-trending quartz veins.
Other results include three metres at 1.5g/t gold from 70 metres, and two metres at 1.98g/t gold from seven metres.
A total of 104 AC holes were then completed, totalling 4224 metres.
The aim of this was to extend the coverage over the quartz veins, which are believed to be the controlling structures for the mineralisation.
Extremely high-grade gold was encountered, grading up to 113g/t, and as more results are encountered, a northwest-southeast trending fault is becoming evident.
Kin Mining has received assay results for 51 of the 64 AC drill holes completed at Faye Marie.
This drilling also targeted a mafic-felsic contact that is associated with significant gold anomalism and was identified via auger drilling.
Results include eight metres at 3.01g/t gold from 36 metres, and four metres at 1.29g/t gold from 20 metres.
The company is now waiting on results from the remaining 13 holes.
Kin Mining is up a healthy 17.4 per cent and shares are trading for 13.5 cents each at 12:08 pm AEST.