Follow-Up RC Drilling At Exciting Mount Flora And Iron King Gold Prospects
Kin Mining NL (ASX: KIN) is preparing to step up exploration activity across a number of satellite projects located outside the core 1.23Moz Cardinia Gold Project (CGP) near Leonora in Western Australia.
Kin owns six separate projects located east and west of the centrally located CGP which the company has been advancing with a range of exploration activities over the past 12 months including ground-based geophysical surveys, surface auger soil geochemical surveys and first-pass air-core (AC) drilling programmes to evaluate their prospectivity.
The purpose of the regional exploration program across the gold-based projects is to provide an initial assessment of the mineralisation style and gold grade and determine whether each project has the potential to be a viable stand-alone project or would more naturally provide potential satellite feed to a future CGP based mining and processing operation.
The key parameters governing these two potential development options is the distance from Cardinia, potential alternative treatment options, project size and mineralisation grade. Other projects in the portfolio of tenements also offer Nickel sulphide exploration potential and these are being assessed in parallel with the gold project evaluation.
Mt Flora – Gold
The initial Mount Flora air-core program, comprising 269 drill-holes for 10,166m, was completed earlier this year and targeted several gold-in-soil anomalies.
The results to date have confirmed the presence of several mineralised trends with exceptional results such as 22m at 8.96g/t Auhighlighting the high-grade nature of the mineralisation at the project. Mineralisation is present in three separate zones, interpreted to be associated with east-dipping quartz veins and splays originating from the Federation Fault and other parallel structures.
Multi-element assays from bottom-of-hole samples in the AC program and the initial auger soil sampling survey have confirmed that the gold mineralisation is associated with silver, tellurium and tungsten as primary pathfinder minerals.
The follow-up work program includes RC drilling of high-grade AC drilling intersections along strike and at depth to determine the extent of the vein system mineralisation. RC drilling is scheduled to commence in early July. In addition, further AC drilling to extend existing lines and cover strike extents of the known mineralisation into alluvial covered areas is also planned.
Iron King – Gold
The Iron King Project, located approximately 45km north of Leonora, contains the historically mined Iron King open pit. The Iron King open pit produced approximately 20,000 tonnes at 9.0g/t Au for 5,600oz of gold mined.
The company has completed an 11,425m AC programme at nominal 400m line spacing in late 2020 targeting strike extensions of the existing mineralisation and parallel zones of mineralisation highlighted in the earlier soil geochemical programme. A number of strong intersections were returned from the Axford prospect mostly along strike from historical workings and previous drilling intersections.
The follow up programme of additional AC lines to in-fill to 200m spacing and initial RC drilling around the stronger AC results is scheduled for the September Quarter following completion of a heritage survey and granting of a POW to extend these programs.
Randwick – Gold
The Randwick tenement group is located immediately north and south of the Randwick Mining Centre, 48km north-east of Leonora, and comprises 26 sq. km of tenements.
Several gold targets have been identified within the Randwick Project area associated with interpreted major fault or shear intersections, flexure zones and historic workings, as well as an auriferous paleo-channel target south of the Golden Chain prospect located on P37/7997.
Only limited modern exploration has been conducted within the project area. At Gold Hill a small deposit was defined in the 1980s, a portion of which was subsequently extracted in a heap leach operation which lies adjacent to the Project area (Randwick Gold Hill Mine).
An auger and soil geochemical program planned to commence in the September Quarter 2021 as the initial phase of a systematic exploration program to assess the project.
Murrin – Gold
The Murrin Project is located approximately 50km east of Leonora. Several regional NW and NNE trending thrust faults and shear zones including the Kilkenny Fault, Kilkenny Creek Fault, Pearl Shell Fault and the Nangeroo Fault run through the area.
Several gold targets have been identified within the Murrin Project area associated with interpreted major fault or shear intersections, flexure zones and historic workings. Only limited modern exploration has been conducted within the project area.
An auger soil geochemical program is planned to commence in the September Quarter 2021 as the initial phase of a systematic exploration to assess the project for potential follow-up drilling programmes.
Nickel Sulphide Target – Mt Fouracre Project
The Mt Fouracre Project is located approximately 60km north-west of Leonora and north-east of Kin’s Iron King gold project. The prospect consists of the basal contact of the Mt Clifford Ultramafic unit and lies 2km west of the Marriotts nickel sulphide deposit discovered by Western Mining Corporation in the 1970’s.
The Mt Fouracre prospect was explored by BP Minerals up until 1980 and subsequently other nickel-focused companies such as Dalrymple Resources and Lionore which held the tenements in conjunction with other project tenure without undertaking significant new exploration work. The historical work contains a number of shallow drill holes strongly anomalous in nickel within the oxide and laterite zones, positioned over the highly magnetic section of the Mt Clifford ultramafic unit.
Kin has reviewed the exploration data and completed a moving-loop Electro-Magnetics (MLEM) survey over the prospective lower contact of the Mt Clifford UM unit. The survey has highlighted a strongly conductive target positioned just below the base of the Mt Clifford unit on the western side of the tenement.
Modelling of the anomaly by Southern Geoscience shows a steep east-dipping orientation of the conductor parallel with the interpreted base of the Mt Clifford unit (see Figure 6). An initial RC and diamond drilling program to test the source of the conductive anomaly is scheduled to commence in mid-July once the diamond rig returns to Cardinia.
For further information please visit: https://www.kinmining.com.au/
