Kin Mining NL (ASX:KIN) says the high-grade gold profile along the Eastern Corridor of Cardinia Gold Project (CGP) in WA is taking shape thanks to strong new results from the Helens East prospect in WA.
The gold explorer is digging deeper at the 1.4-million-ounce CGP gold camp, returning up to 15 g/t gold during a reverse circulation campaign that identified lode-style gold below and along strike within an emerging high-grade structure.
Kin Mining MD Andrew Munckton said the company’s exploration strategy, designed to build gold ounces in Cardinia’s highly prospective Eastern Corridor, was rapidly gaining momentum.
“These latest assays build on the strong results reported earlier this year and show that there is an exciting new exploration opportunity,” he summarised.
The results are in
Kin drilled 31 holes across three discrete targets in Cardinia’s Eastern Corridor: 11 holes at the Helens East Fault; 12 at Helens Ragoon and eight at a structure known as the ‘Mystery fault’.
Exploration manager Leah Moore sat down with Proactive's Elisha Newell to discuss the company’s comprehensive 9,000-metre drilling program in early March.
Some of the highlights from the Helens East drilling include:
- 21 metres at 1.9 g/t gold from 103 metres, including 2 metres at 5.98 g/t from 122 metres;
- 5 metres at 2.6 g/t from 111 metres;
- 1 metre at 15.2 g/t from 63 metres;
- 4 metres at 2.71 g/t from 82 metres;
- 2 metres at 3.83 g/t from 21 metres.
- 7 metres at 24.7 g/t gold from 107 metres;
- 2 metres at 24 g/t from 204 metres;
- 7 metres at 6.16 g/t from 58 metres;
- 8 metres at 6.83 g/t from 22 metres; and
- 7 metres at 5.99 g/t Au from 23 metres.
With fresh assays at hand, Kin has reason to believe this quartz-sulphide, vein-style mineralisation remains open in all directions along strike and down-dip.
There’s also scope for the current 1-kilometre strike length to double, showcasing all the hallmarks of a large, mineralised system.
Cardinia's Western and Eastern Corridors and associated prospects.
“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 extending to at least 200 metres below surface, which runs parallel to the Helens-Rangoon Fault,” Munckton explained.
“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.”
On your six
Once all results come in, Kin plans to incorporate the Helens East gold in an upcoming Eastern Corridor mineral resource update.
In the meantime, Munckton said the company was looking forward to refining its 2023 drill program.
“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,” he concluded.
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