Kin Mining identifies new mineralised trends at Cardinia gold project
Kin Mining (ASX: KIN) has identified multiple mineralised trends during aircore drilling at the highly-prospective Eastern Corridor within the Cardinia gold project in Western Australia.
The new assays provide further evidence of an extensive and continuously-mineralised corridor spanning the entire 5 kilometre strike extent between the Cardinia Hill, Helens, Rangoon and Collymore prospects.
Between the Helens-Rangoon and Cardinia Hill trends, intercepts such as 4 metres at 2.84 grams per tonne from 28m and 12m at 0.43g/t from 8m have indicated the presence of a potential “linking structure” between the Rangoon and Cardinia Hill deposits.
Flat east-dipping linking structures are believed to be an important feature of Eastern Corridor mineralisation and host significant mineral resources at Rangoon (95,000 ounces grading 1.3g/t) and Fiona (35,000oz at 1.3g/t).
On the western side of the Rangoon-Collymore trend, intersections including 4m at 2.09g/t from 8m and 9m at 2.1g/t from 36m to end-of-hole indicated the presence of a third mineralised position trending north from the Helens-Rangoon Fault towards mineralisation previously discovered at Snowden Well, 200m to the west.
Camp-scale mineralisation
Managing director Andrew Munckton said the results provide further indications of the potential for “camp-scale” gold mineralisation.
“We are very pleased with the consistently strong results generated from our aircore program… they demonstrate a number of positions within the Eastern Corridor as either completely new zones of mineralisation or extensions to previously-intersected quartz pyrite mineralisation,” he said.
“These results have very similar characteristics to those seen at all deposits within the Eastern Corridor, where the combination of anomalous soil geochemistry at surface and broad-spaced, ore-grade aircore assays in the oxide and regolith zone has frequently led to the discovery of sizeable gold deposits at depth.”
Large and multi-faceted
Over the past 18 months, Kin has focused most of its exploration efforts at the Eastern Corridor which Mr Munckton said is emerging as a “large, multi-faceted mineralised gold camp”.
“This area already hosts a very significant mineralised position at Cardinia, with 339,000oz of mineral resources currently defined within the corridor and further ounces expected to be added as part of a resource update scheduled for this month,” he said.
“With these latest results suggesting that the entire 5km strike extent between Collymore, Helens and Cardinia Hill may be continuously mineralised – opening up the possibility of significant additional targets along this corridor – we believe the growth potential in this area is exceptional.”