Kin Mining (ASX: KIN) has opened up more potential at its Cardinia gold project with new wide and high-grade zones of mineralisation discovered across the project’s underexplored eastern corridor.
Reverse circulation drilling has hit multiple mineralised positions across a 1km by 4.5km area along the corridor.
Drilling east of the historical Rangoon surface workings produced numerous mineralised intercepts.
Highlight assays from this area were 19m at 2.48 grams per tonne gold from 91m, 12m at 3.04g/t gold from 62m, 4m at 5.5g/t gold from 145m, and 1m at 17.5g/t gold from 119m.
Other notable high-grade assays were 2m at 21.1g/t gold from 98m, 3m at 8.4g/t gold from 106m, and 2m at 6.78g/t gold from 74m.
These higher-grade intervals support previous drilling in the area.
Kicking goals in the eastern corridor
Kin managing director Andrew Munckton said exploration across the project’s eastern corridor was continuing to “kick some serious goals”.
He said the assays confirm the company’s interpretation of high-grade east-dipping gold mineralisation around the historical Rangoon workings.
“We believe that these east-dipping loads link the previously separate deposits in the eastern corridor together as part of a coherent and much larger mineralised system, which spans a significant area at Cardinia.”
“This is an exciting development which has refocused our attention on this area.”
Opportunity for resource growth
Mr Munckton said the company believed there was “significant potential” for more gold discoveries in proximity to existing deposits and grow resources for the wider Cardinia project.
Drilling along the corridor has already led to the discovery of several shallow deposits at Cardinia Hill, Helens, Fiona, Rangoon and East Lynne targets.
Combined, these deposits have a mineral resource estimate of 4.9 million tonnes at 1.52g/t gold for 240,000 ounces.
Moving forward in the corridor, Kin plans to carry out infill drilling and test the high-grade east dipping loads to determine their source.
The wider Cardinia gold project has 1.23Moz in contained gold resources. It is located in Western Australia’s north-eastern goldfields.