Help Desk -
9717405332, 9599714297, 9810335381
Email
Password

Kin Mining announces Cardinia Gold Project update

Mining News - Published on Wed, 20 Feb 2019

Image Source: Proactive Investors Australia
Kin Mining NL announced new results from recent drilling at the Lewis and Helens Prospects, part of the first two open pit developments proposed at the Cardinia Gold Project. Exploration drilling at Lewis has focused on confirming the geological interpretation of the deposits as overlapping Volcanogenic Massive Sulphide, Orogenic and Epithermal gold-rich sulphide mineralisation with associated Silver and Base Metals. At Lewis, previous drilling has focused on Supergene mineralisation in the oxidised and Transitional areas down to approximately 60 metres below surface. Resource definition drilling at Helens has shown that the recently updated geology model is robust with all new RC and Diamond holes intersecting lode style mineralisation at the predicted position in the resource models.

Highlights

1. Geological model confirmed at Lewis with high grade VMS-style intersections returned at depth below Orogenic gold-rich sulphide mineralisation and near surface, Supergene/Epithermal mineralisation:
4.9m @ 18.8g/t Au from 201.3m (BL19DD030)
2.2m @ 5.0g/t Au from 18.1m (BL19DD030)
11.0m @ 1,94g/t Au from 103.0m including 2.8m @ 5.9g/t Au from 103.0m (BL19DD029)
2.7m @ 3.2g/t Au from 123.0m (BL19DD022)

2. Helens drilling confirms consistent lode style gold mineralisation associated with sulphide rich shear zones, alteration and veining:
7.1m @ 4.7g/t Au from 45.3m (HE18RC293)
7.8m @ 3.4g/t Au from 13.2m and 3.5m @ 2.7g/t Au from 60.5m (HE19DD292)
8.1m @ 1.1 g/t Au from 20.6m (HE19DD296)

3. Updated Mineral Resource Estimates expected for Lewis and Helens in the June quarter

4. Results support objective of the Lewis deposit providing a large, baseload feed source supplemented by higher-grade satellite deposits like Helens

5. Potential scope for lode style underground mining following open pit mining in the initial phase of development

Source :

Posted By : Rabi Wangkhem on Wed, 20 Feb 2019
Related News from Mining segment