Kin Mining NL (ASX: KIN) has successfully extended the high-grade mineralisation with successful assay results from the first deep diamond hole completed at the Mount Flora Project, located 20km east of its 100%-owned 1.28Moz Cardinia Gold Project (CGP) near Leonora in Western Australia.
The results have extended the high-grade mineralisation at depth and revealed a new zone of mineralisation.
Diamond hole MF21DD001 was completed in November and targeted the area beneath previously reported high-grade air-core (AC) drilling results.
The diamond hole returned two high-grade intercepts beneath the Eastern Zone, which have confirmed the extent of the mineralisation to 150m vertical depth.
MF21DD001 returned intercepts of 8.1m at 2.58g/t Au from 54m including 4m at 4.80g/t Au and 5.3m at 6.49g/t Au from 188.3m, from an area located down-dip from air-core holes MF21AC522 (which intersected 22m at 8.96g/t Au from 24m) and MF21AC525 (which intersected 8m at 2.79g/t Au from 28m), together with other significant shallow results.
Managing Director, Andrew Munckton, said confirmation of the presence of a high-grade primary gold system beneath the air-core drilling is a significant development, providing further confidence in the potential of the emerging Mt Flora discovery.
He said that importantly, these zones of mineralisation display a distinctive style of alteration, with quartz-carbonatepyrite-scheelite veining present in a silica – biotite altered basalt. The mineralisation is rich in tungsten (W) with elevated tellurium (Te) and sulphur (S) which are being used to map the alteration system.
Overall, the combination of soil geochemistry, AC drill results and now the high-grade primary mineralisation returned from the maiden diamond drill hole have confirmed the discovery of a zone of gold mineralisation approximately 700m long and up to 150m deep at the Eastern Zone and 400m long at the North-Western Zone.
The Mount Flora prospect remains as a priority satellite exploration target for the Company’s exploration team, alongside the 1.28Moz CGP. The Mount Flora prospect was identified by a regional, wide-spaced auger sampling program undertaken in late 2020.
The auger programme identified a number of gold and pathfinder elements-in-soil anomalies, which were NNE-trending, parallel to the dominant north-east oriented structural trend, represented by the Federation, Sligo Creek and Lady Susan Faults
“This represents an outstanding result from the first diamond hole drilled at Mt Flora, which was designed to test below near-surface high-grade intercepts returned from air-core drilling,” Mr Munckton said.
“The diamond hole returned high-grade assay results including 5.3m at 6.49g/t gold from the interpreted down-dip mineralised position, confirming our view that the high-grade, near-surface mineralisation extends into the deeper primary zone.
“In addition, the diamond hole also intersected new mineralisation, with an intercept of 8.1m at 2.58g/t Au including 4m at 4.80g/t Au from 54m returned east of the main target in an area previously untested by drilling.
“These new results support our view that the Mt Flora Eastern Zone contains several mineralised lodes and given exploration at the project remains at an early stage, suggests that Mt Flora has outstanding potential to emerge as a significant new gold discovery 20km east of the main Cardinia Gold Project.
“Assays are now eagerly awaited, for the 3,169m of RC drilling completed at Mt Flora to confirm the extent of the high-grade mineralisation in both the near-surface and primary environment to the north, south and updip of the diamond drill hole section.
“Visual inspection of the RC drill chips shows that the drilling has successfully intersected the interpreted zones of high-grade mineralisation seen in both the air-core and diamond drill programmes.”
For further information please visit: https://www.kinmining.com.au/
