Kin Mining extends Helens-Rangoon gold trend to over 5km
Kin Mining (ASX: KIN) has reported that “significant” gold assays from four lines of air-core drilling have confirmed extensions to already tested mineralisation lying between its Helens and Rangoon prospects.
Helens and Rangoon are part of the Eastern Corridor target which lies within Kin’s Cardinia gold project near Leonora in Western Australia.
The latest assays include 9m at 2.1 grams per tonne gold, 4m at 1.84g/t gold (from 4m down hole), 12m at 0.85g/t gold and 4m at 2.39g/t gold.
Mineralisation open and untested at depth
The results have extended the strike of the mineralised trend to two km north of the 95,000oz Rangoon deposit, with the shallow mineralisation already intersected remaining open and untested at depth.
In addition, results also indicate the potential for continuous mineralisation along the entire 5km-plus strike extent between Helens in the south and Collymore in the north.
Geological logging indicates that the mineralisation is associated with quartz veining, pyrite mineralisation and alteration, the mineralisation style analogous to the high-grade gold at Helens and Rangoon.
Kin’s Eastern Corridor program is aimed at increasing the geological understanding of a number of prospects located along it. The Corridor includes Cardinia Hill, Helens, Fiona and, Collymore, Hobby and Rangoon prospects.
‘Consistently’ strong results
Managing director Andrew Munckton said the air-core drilling results between Rangoon and Collymore have been “consistently strong”.
“The results demonstrate a significant strike length of mineralisation in two parallel zones underneath a strong soil geochemical anomaly, located along strike from the Helens-Rangoon fault,” he added.
They also show a “striking similarity” to results from Hobby, Rangoon and Helens prospects.
“Based on these similarities, we’re very much looking forward to testing the Rangoon-Collymore trend with deeper drilling,” said Mr Munckton.
Multi-pronged gold camp
The Collymore prospect extends over a strike length of about 1.2km and was discovered in 2020 during a broadly space air-core drilling program.
It remains untested at depth below the oxide zone and remains open to the north before intersecting with the Hobby prospect which hosts a resource estimate of 23,000oz of gold.
Mr Munckton has high hopes for this part of the Cardinia project.
“The Eastern Corridor, where Kin has focused most of its exploration efforts over the past 18 months, is emerging as a large, multi-pronged mineralisation gold camp.”
He said that 339,000 oz have already been defined within the corridor and further ounces are expected to be added by the time of the next resource update comes out later this month.