Kin Mining NL (ASX:KIN) has hit fresh gold mineralisation as deep as 359 metres at the Cardinia Gold Project in Western Australia, confirming the potential for more high-grade discoveries and extensions to gold mineralisation at depth.
The new gold intercepts come from a newly identified hangingwall structure of the Cardinia Hill deposit, with assays from deep diamond drilling including:
- 0.8 metres at 20.5 g/t gold from 129.75 metres; and
- 5.5 metres at 1.4 g/t from 351 metres, as well as 1 metre at 5.4 g/t from 359 metres.
Results from this drill hole originated from about 150 metres down-dip from known mineralisation at Cardinia Hill, offering an opportunity for further exploration.
Opportunity to grow resource
“The recent diamond drilling results are very encouraging and have shown that the Cardinia Hill mineralisation is still open at depth, and that there are still undiscovered gold structures within this prolific gold system,” Kin Mining executive chair Rowan Johnston said.
“We have an exciting program of follow-up drilling scheduled to commence in June.
“This will be designed to further evaluate the area around these latest results as well as the 2 kilometres of gold anomalism identified to the north of Rangoon and to complete resource definition around the high-priority Mertondale deposit.
“The potential to add further quality gold ounces in close proximity to existing resources demonstrates the significant endowment of this region.”
Kin intends to use reverse circulation (RC) drilling for its follow-up exploration phase, further exploring these new intercepts and targeting fresh extensions of the current resource.