Mount Flora drilling confirms near-surface gold for Kin Mining

Kin Mining ASX outcropping quartz carbonate veins historic workings Mt Flora gold drilling
Aircore drilling at Kin Mining’s WA project has confirmed shallow gold mineralisation.

Recent follow-up aircore drilling at Kin Mining’s (ASX: KIN) Mount Flora prospect in Western Australia has hit several shallow intercepts and confirmed the extent of near-surface mineralisation.

Assays from the east and north-western zones included 4m at 1.01 grams per tonne gold from 48m and 4m at 1.02g/t from 24m to bottom-of-hole, and were located along strike from an earlier hole that returned significant shallow results.

The zones are interpreted to be down-plunge extensions of high-grade assays returned from an April drilling program of 22m at 8.96g/t and 8m at 2.79g/t gold.

Multi-element assays for bottom-of-hole samples used to characterise the mineralisation, alteration and rock types have confirmed it to be associated with anomalous silver, tellurium and tungsten in sulphide-rich quartz carbonate vein structures within mafic rocks.

Primary gold system

Kin managing director Andrew Munckton said confirmation of the presence of a primary gold system beneath the aircore drilling is a “significant development” which gives the company confidence in Mount Flora’s potential.

“Visual inspection of the core shows it has successfully intersected the interpreted down-plunge extension of two zones of high-grade mineralisation, suggesting there is a significant primary gold system beneath the near-surface eastern zone,” he said.

“This is where we plan to focus our drilling efforts when we resume next month, primarily because of the high-grade results generated to date and the continuous nature of the gold mineralisation in the lines of 100m-spaced aircore drilling.”

Satellite target

The Mount Flora prospect was identified as a satellite target to feed into the main Cardinia gold project after regional, wide-spaced auger sampling late last year.

The auger program identified a number of gold-in-soil anomalies, which were north-northeast trending and parallel to the dominant northeast-oriented structural trend, which is represented by the Federation, Sligo Creek and Lady Susan faults.

Kin Mining completed aircore drilling at Mount Flora in two stages starting with a maiden program of 269 holes for 10,166m in April to test three regional gold-in-soil anomalies. The follow-up program comprised an additional 268 holes for 10,763m and was completed in July.

Drilling was designed to infill the eastern and north-western zones of mineralisation, test potential extensions of the eastern zone areas of weakly anomalous soil geochemistry, and test further east along lines where favourable geology and quartz veins were intersected in end-of-line holes.

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