- Kin Mining (KIN) has intersected further gold intercepts at its Cardinia Gold Project near Leonora in Western Australia
- These intercepts come from recently completed drilling programs at the Cardinia Hill, Helens East, and Helens South prospects
- Results reached as high as 4.29 grammes per tonne gold
- Kin Mining currently has more 3500 samples from multiple prospects that are being analysed at the laboratory
- The company will announce the results once the analysis has been completed
- Kin Mining is up a slight 2.5 per cent on the market this morning and shares are trading for 8.2 cents each
Kin Mining (KIN) has intersected further gold intercepts at its Cardinia Gold Project near Leonora in Western Australia.
These intercepts come from recently completed reverse circulation (RC) drilling at the Cardinia Hill prospect and aircore (AC) drilling at the Helens East and Helens South prospects.
“The recently completed phase two RC and AC drilling program has already given us significant insight into the enormous untapped exploration potential at the Cardinia Gold Project,” Managing Director Andrew Munckton commented.
“The program was designed to follow up new discoveries made at Cardinia Hill, Comedy King and Lewis East in December last year and to commence first-pass air-core drilling on a number of other targets in the immediate Cardinia area,” he added.
Three RC holes were drilled at Cardinia Hill and the results helped Kin Mining define the extent and nature of the mineralisation.
Better results include seven metres at 2.44g/t gold from 117 metres, and five metres at 1.12g/t gold from 13 metres, while lower grades include one metre at 1.07g/t gold from 81 metres, and four metres at 0.86g/t gold from 14 metres.
At the southern end of Cardinia Hill, a further seven RC holes were drilled to provide in-fill mineralisation data.
Results from these holes are expected in June.
“Cardinia Hill is shaping up as a significant new discovery with grades achieved so far that are significantly higher than those reported previously across the broader Cardinia Gold Project,” Andrew stated.
Helens East and Helens South
Results from Helens East include three metres at 0.59g/t gold from 32 metres, and four metres at 0.54g/t gold from 16 metres.
These results suggest the presence of an anomalous halo surrounding previously intersected gold mineralisation.
Results were also received from Helens South and the 3834-metre drilling program followed up on recently identified gold-in-soil anomalies.
These results include four metres at 4.29g/t gold from 12 metres, and eight metres at 1.80g/t gold from four metres.
“At Helens South and Helens East, aircore drilling has so far defined several new zones of mineralisation down to approximately 30 metres which are co-incident with gold-in-soil anomalies generated from the recently completed auger drilling program,” Andrew said.
“This gives us confidence that the systematic approach we have adopted towards exploration at Cardinia is yielding good results and has put us on a clear pathway to make further significant discoveries,” he concluded.
Kin Mining currently has more 3500 samples from multiple prospects that are being analysed at the laboratory.
The company will announce the results once analysis has been completed.
Kin Mining is up a slight 2.5 per cent on the market this morning and shares are trading for 8.2 cents each at 10:31 am AEST.