Kin Mining identifies new high-grade zones at underexplored targets within Cardinia gold project
New zones of high-grade gold mineralisation has been discovered east of Kin’s Rangoon target in WA.
Junior company Kin Mining (ASX: KIN) has reported new zones of high-grade mineralisation from an exploration program targeting the underexplored Rangoon and Fiona areas within the Cardinia gold project in Western Australia.
The program was aimed at enhancing the geological understanding of a number of prospects within a large mineralised complex known as the Eastern Corridor, which extends over an area of approximately 1km by 5km on the eastern side of the project.
New zones of high-grade gold mineralisation were discovered east of historic surface workings and drilling at Rangoon, following a drilling program of 35 holes for a total 4,074.8m.
Highlights included 3m at 21.1 grams per tonne gold from 98m; 3m at 8.40g/t from 106m; 4m at 2.57g/t from 66m and 8m at 1.84g/t from 83m, within 40m at 0.81g/t from 66m; and 6m at 1.26g/t from 79m and 4m at 1.77g/t from 96m, within 63m at 0.61g/t from 63m.
A program of 15 holes for 1,436m at Fiona extended that historic deposit by a further 100m to the north, with best assays including 1m at 6.3g/t gold from 49m, within 23m at 0.84g/t from 27m; and 3m at 2.16g/t from 30m.
Kicking goals
Kin managing director Andrew Munckton said the Eastern Corridor exploration program was “kicking some serious goals” at Cardinia.
“We have discovered new zones of shallow-dipping, high-grade mineralisation at Rangoon with some impressive grades just to the east of the historically-defined mineralisation providing an exciting target for follow-up infill and extensional drilling,” he said.
“These zones add to mineralised positions already identified at Cardinia Hill, Helens, Fiona, Rangoon, East Lynne and [allow] potential to delineate new resources and grow our overall inventory across this corridor, which will continue to be a big focus for us moving forward.”
Eastern Corridor targets
Mineral resources at Kin’s Eastern Corridor targets at Helens, Rangoon, Fiona and Cardinia Hill total 3.9 million tonnes at 1.55g/t gold for 194,000 ounces, positioned between 500m and 4.5km from the centrally-located Cardinia project.
The area has been covered by detailed magnetics and gravity surveys and was subject to drilling during an exploration program earlier this year which revealed porphyry intrusions adjacent to sheared mafic volcanic and felsic volcanic contacts as a primary control of the high-grade gold mineralisation.
Mr Munckton said the results provided an initial assessment of the targets’ mineralisation style and gold grade and indicated relatively narrow (generally 1m to 3m) intersections at moderate grade (generally 1g/t to 3g/t) with occasional higher-grade occurrences (4g/t to 6g/t).