Kin Mining reports more wide zones of gold intersected at Rangoon prospect
Kin’s latest drilling results highlight further potential for resource growth at the Cardinia gold project.
Kin Mining (ASX: KIN) has received “significant” assay results from the Rangoon prospect revealing “extensive” gold mineralisation stretching southwards into an under-explored area.
Rangoon is part of the Eastern Corridor target which lies within Kin’s Cardinia gold project near Leonora in Western Australia.
The company says the new results further highlight potential for resource growth.
Intercepts include 32m at 2.98 grams per tonne gold intersected southeast of the historical Rangoon surface mining, including 12m at 5.62g/t and 12m at 2.25g/t.
Other assays came back with 15m at 3.03g/t, 7m at 2.77g/t and 4m at 6.19g/t gold, with mineralisation remaining open to the south and down-dip to the east.
‘Further vindication’ of Eastern Corridor focus
The Eastern Corridor program is aimed at increasing the geological understanding of a number of prospects located along it. The corridor includes Cardinia Hill, Helens, Fiona and Rangoon.
Kin managing director Andrew Munckton said the results are further vindication of the company’s focus on the Eastern Corridor.
“We believe that we have now developed a very good understanding of the orientation and controls on the mineralisation,” he added.
Mr Munckton said the mineralisation at Rangoon is predominantly primary, sulphide-hosted and similar to other areas of the Eastern Corridor, with a repeat of strong silver grades, alteration and pathfinder minerals.
Broad zones of shallow gold also intercepted
In addition, this current reverse circulation (RC) drilling has intersected broad zones of shallow mineralisation, with holes returning 19m at 2.48g/t, 12m at 3.04g/t and 43m at 1.03g/t gold.
RC drilling was completed in April, comprising 32 holes for 3,913m. The drilling was designed to develop a better understanding of the area to the east of the Helens Fault, which is marked at surface by the Helens and Rangoon historical workings.
At Rangoon, the workings and previous broad-spaced RC and diamond core drilling intersected both steep and shallow east-dipping quartz sulphide lodes.
Kin says its interpretation is that of an east-dipping quartz sulphide lodes link at depth, from the Helens Fault near surface to the Fiona Fault located 100m to the east and potentially to the Cardinia Hill Fault, located a further 300m to the east.