Kin Mining intersects targeted gold zones at Eastern Corridor
Drilling of IP targets within the Eastern Corridor was designed to unlock new high-grade gold discoveries.
Progress by Kin Mining (ASX: KIN) at the Eastern Corridor zone of its Cardinia gold project has maintained its fast pace, with drilling new “significant” zones.
The company noted that the gold was confirmed in the first of five diamond drill holes, where induced polarisation (IP) surveys where used to target mineralisation.
That first hole intersected two zones on and east of the Helens-Rangoon Fault in an area between the established Helens and Rangoon deposits, located near Leonora, Western Australia.
The hole intercepted 0.6m at 30.4 grams per tonne gold from 104.65m, and then at 269.5m down hole it intersected 2.5m at 3.14g/t gold.
Drilling to test deeper targets at Cardinia
A second hole uncovered 0.25m at 11.64g/t from 38.9m.
The remainder of the IP program is awaiting assays, with exploration continuing to test the Helens-Rangoon fault corridor and the Helens East mineralised structure.
Kin managing director Andrew Munckton said all five diamond holes were collared to test a series of IP geophysical anomalies.
The first hole intersected a zone of sulphide mineralisation in the targeted position, in thin high-grade laminated veins similar to those discovered further north at the Rangoon prospect.
“This represents a strong start to the five-hole drill program,” he added, noting that the program was designed to test the first generation of deep targets at the 1.4-million-ounce Cardinia project.
Five separate targets were tested
Mr Munckton said the goal is to uncover new, high-grade discoveries within the Eastern Corridor.
“The results have a positive implication for ongoing targets along the Eastern Corridor, confirming the merits of using IP surveys to define gold exploration targets associated with sulphide mineralisation,” Mr Munckton noted.
A total of five separate targets were tested, one hole per target, with drilling down to between 340m and 400m.
Mineralisation within the Eastern Corridor is situated within a 2km wide north‐south striking zone consisting of a number of distinct faults which pass through the area, cross‐cutting stratigraphy and typically hosting high‐grade gold‐pyrite mineralisation.
Kin explained that drilling in the Eastern Corridor has been previously restricted to less than 100m below surface except at a limited number of locations at Helens, Rangoon and Cardinia Hill.