Kin Mining reports bonanza intercept from drilling at Cardinia gold project

Kin Mining ASX Comedy King-Faye Marie Cardinia bonanza intercept gold
Kin Mining revealed 4m at 113g/t gold from surface at Comedy King.

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.

Emerging trend

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.

Local geology

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.”

Project history

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.