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Kin Mining grows new Helens East Fault gold system at Cardinia with more high-grade assays

Stock Markets Jan 25, 2023 13:01
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© Reuters. Kin Mining grows new Helens East Fault gold system at Cardinia with more high-grade assays
 
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Kin Mining NL (ASX:KIN) has expanded the Helens East Fault system at the Cardinia Gold Project (CGP) in Western Australia to about 1-kilometre of strike with more high-grade gold assays.

The RC drilling program results indicate the fault may be a second mineralised structure running in parallel to the Helens-Rangoon Fault in the Eastern Corridor of the tenure, which has been a core focus for KIN over the last year to 18 months.

New assays of note include:

  • 4 metres at 5.69 g/t gold from 101 metres, including 1-metre at 18.16 g/t from 103 metres;
  • 3 metres at 6.06 g/t from 127 metres;
  • 5 metres at 3.23 g/t from 126 metres;
  • 2 metres at 4.17 g/t from 34 metres; and
  • 1-metre at 7.13 g/t from 100 metres.
The quartz-sulphide vein-style mineralisation at Helens East Fault remains open in all directions with the potential for the current 1-kilometre strike to be extended up to 2 kilometres with further drilling below an identified gold-in-soil anomaly.

Exploration in Eastern Corridor accelerates

Kin Mining managing director Andrew Munckton said that the company’s exploration strategy of targeting high-grade targets along the Eastern Corridor was rapidly gaining momentum.

“These latest assays build on the strong results reported earlier this month and show that there is an exciting new exploration opportunity based on a high-grade lode style of mineralisation at Cardinia, located below and along strike to some of our existing shallow deposits,” he said.

“These results show that the Helens East Fault is a significant structure, hosting high-grade gold mineralisation over a strike length of approximately 1 kilometre and to at least 200 metres below surface, which runs parallel to the HelensRangoon Fault.”

More targets for investigation

Munckton underscored the high number of notable gold structures within the Eastern Corridor, including the Helens-Rangoon Fault, the Helens East Fault and the Cardinia Hill Fault.

The corridor contains several yet-to-be-drilled targets where KIN has observed narrow, high-grade quartz-sulphide lodes persist to substantial depths as part of a large mineralised system.

“Confirming the presence and continuity of high-grade mineralised zones opens up an important new avenue for our exploration team to target new, high-grade discoveries within the Eastern Corridor, complementing the shallower, bulk style resources which we have already defined,” Munckton continued

“Assay results have confirmed the presence of strong gold mineralisation, corresponding to sulphide mineralisation observed in a number of drill holes.

“We are looking forward to refining our forward program of drilling for 2023 and re-commencing exploration to target these high-grade sulphide lodes over a considerable strike extent.

“If we are successful in confirming the continuity of mineralisation over the entire strike extent of these high-grade structures, this will create an important new avenue to rapidly add to our resource inventory at Cardinia in the months and years ahead.”

Kin Mining is now designing follow-up programs aimed at improving confidence in the extensions along strike at the Helens East, Cardinia Hill and other mapped faults in the area.

The company intends to complete infill drilling programs to update and extend mineral resource estimates across the Eastern Corridor in the near future.

Read more on Proactive Investors AU

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Kin Mining grows new Helens East Fault gold system at Cardinia with more high-grade assays
 

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