Junior gold explorer Kin Mining (ASX: KIN) has reported a series of “outstanding” assay results from drilling at the advanced Cardinia project in Western Australia’s north-eastern goldfields, including a bonanza intercept grading 113 grams per tonne.
A total 12 reverse circulation and 155 aircore holes drilled at the Comedy King and Faye Marie prospects demonstrated an “emerging coherent zone of gold mineralisation” over a 3km strike length and highlighted the potential for the Cardinia area to host high-grade deposits.
Most notable was an “exceptional” intercept of 4m at 113g/t gold recorded from surface at Comedy King.
Other results were 2m at 8.10g/t gold from 37m; 3m at 1.50g/t from 70m; and 2m at 1.98g/t from 7m.
At Faye Marie, assays included 8m at 3.01g/t gold from 36m; and 4m at 1.29g/t from 20m.
As more drilling data is generated from the prospects, Kin Mining said a “clear north-west to south-east trend” is becoming apparent in the alteration and gold mineralisation.
Two zones at Comedy King follow the trend and contain the majority of east-west-oriented high-grade veins with the broader envelope of alteration intersected in the five lines of recent aircore drilling.
Each zone measures approximately 500m strike length by 100m width and forms a significant exploration target in their own right.
Managing director Andrew Munckton said the latest assays highlight the importance of having a detailed understanding of the local geology to maximise exploration success
“The better-developed gold mineralisation is generally associated with north-east trending, second order faults initiated from the regional scale Keith-Kilkenny fault which is one of the major gold-hosting geological structures in WA,” he said.
“We are developing a clearer understanding of the orientation and controls of the Comedy King-Faye Marie mineralisation corridor, and will be one of a number of areas to follow up in our next phase of drilling.”
The 945,000 ounce Cardinia project is located over 436sq km in the central part of the underexplored Norseman-Wiluna greenstone belt, which extends for 600km on a north-north-west trend across the Archean Yilgarn Craton.
Over 60% of Kin’s tenure is under transported cover and has seen little previous modern exploration.
The first drilling of new target areas at Cardinia in a decade immediately yielded the Comedy King, Cardinia Hill and Lewis East gold discoveries within 5km of the project’s conventional carbon-in-leach process plant.
The discoveries remain open and have been given high priority status for follow-up drilling.
Last week, Kin Mining reported the discovery of shallow gold at prospects including Cardinia Hill, Helens South and Helens East.
At midday, shares in Kin Mining were trading 13.04% higher at $0.13.