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Kin Mining NL
Summary
| Project: | Leonora | |
|---|---|---|
| Deposit: | Cardinia | |
| Location: | Australia | |
| Commodities: | Gold | |
| Date: | 2/7/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 7-2-2020: Kin Mining NL announces an Exploration/Drilling Update report for its Cardinia deposit at the Leonora project. Drilling results incl. 32m @ 1.1g/t Au from 0m. Kin Mining NL (ASX: KIN or Company) is pleased to report the final assay results from | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Glenn Grayson (Internal) | |
| ABSTRACT: | Kin Mining NL (ASX: KIN or Company) is pleased to report the final assay results from the drilling program at the Cardinia Gold Project (CGP) completed in December 2019. The results have identified new shallow, large, ore grade zones of mineralisation at Lewis East and broad areas of anomalous alteration mineralisation at Lewis West. All targets drilled are located within 5 kilometres of the proposed Cardinia processing plant site. The aircore (AC) drilling results have been received from all prospects of the drilling program completed in December 2019. The program consisted of 7,881 metres of AC and 880 metres of Reverse Circulation (RC) drilling across six key target areas. The targets are prospective for goldrich sulphide replacement and epithermal vein-hosted gold mineralisation. Refer to ASX announcement 4 December 2019. Commenting on the further CGP drill results, Managing Director Andrew Munckton said: “The 2019 aircore drilling program completed in December has been highly successful and supports our key objective of identifying new zones of mineralisation with potential to enhance the current CGP mine plan as outlined in the Pre-Feasibility Study completed in mid-2019. The campaign has confirmed our belief that the Cardinia area holds substantial zones of high grade gold mineralisation within broader zones of alteration containing lower grade mineralisation in addition to the Mineral Resources that have previously been defined. The exploration team have made significant new discoveries at Cardinia Hill, Comedy King and Lewis East during this campaign which was the first substantial exploration effort outside the established deposits in over six years within the region and the first in the Cardinia area for more than a decade. These latest results confirm the presence of large zones of epithermal vein style mineralisation with occasional high grade gold zones within broader areas of lower grade alteration at Lewis East. The Lewis West AC results also show a strike continuous zone of broad alteration mineralisation consistent with the narrow veins mapped at surface at Golden Dolerite that returned high grade rock chip results. The results to date are indicative of a large mineralised system at Cardinia consistent with the crosscutting Lewis Fault and its other parallel subsidiary faults. These structures will be the key target areas in our future exploration program. Cardinia Hill, Comedy King and Lewis East appear to be large scale zones of gold mineralisation which remain open and warrant follow-up drilling. The close proximity to the processing plant site only serves to further enhance the results. We look forward to this follow up work commencing in the March quarter 2020.” | |
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