Kin Mining NL (ASX:KIN) (FRA:8KM) will hit the ground running in the second half of 2021 with an aggressive ongoing exploration commitment at the Cardinia Gold Project (CGP) in Western Australia.
The company will begin phase-5 drilling after completing more than 32,500 metres during the first half of the year resulting in multiple new discoveries.
In a recent investor presentation, the ASX-listed gold explorer highlighted its major leap forward in geological understanding after identifying the position of porphyry intrusions and faults along the Eastern Corridor in a recent gravity survey.
As part of the company’s Eastern Corridor exploration program, the area had been covered by detailed magnetics and gravity surveys and underwent deeper reverse circulation (RC) and diamond drilling (DD) programs during the phase-3 exploration program completed in 2020 and early 2021.
The gravity survey has enabled detailed mapping of the positions of interpreted shear zones, geological contacts and buried porphyry intrusions. This resulted in the generation of several exploration targets in addition to the deeper targets associated with the recently discovered Cardinia Hill deposit.
Strategic footprint
Cardinia comprises a land package of 657 square kilometres, just 30 kilometres from Leonora and resources of 1.23 million ounces hosted in oxide dominant ore zones at three centres – Cardinia, Metrondale and Raeside.
The asset includes a total of eight projects with mineral resources totalling 16.3 million tonnes at 1.17 g/t gold for 611,000 ounces.
At Cardinia, significant new discoveries have been made at Cardinia Hill, East Lynne and Eagle/Crow while at regional targets, a new satellite discovery has been made during first-pass drilling, with more in the pipeline.
Kin anticipates strong news flow and further resource growth.
The opportunity
Exploration at the project is still at an early stage, with the bulk of historical exploration focused around known deposits driven by an imperative to “feed the mill”.
A new project-wide, data-driven, bottom-up approach has been adopted to target potential new zones of gold mineralisation.
Large alteration systems related to gold mineralisation have been identified throughout the area as KIN’s understanding of the mineralising system further develops.
Transitioning to phase-5
Phase-4 exploration activities, between January to June 21 consisted of broad spaced aircore drilling at large scale targets such as Eagle Crow as well as initial RC drilling of new high-grade targets at Eastern Corridor.
For its phase-5 program, Kin has the following planned:
- Detailed Gravity survey covering large area under thin cover where soil geochem is less effective;
- Eastern Corridor where gravity survey has confirmed Intrusion/Fault system model;
- Mineral resource estimate growth from Cardinia Hill, Eastern Corridor program.