Kin Mining NL (ASX: KIN) has unveiled significant new assay results from recent aircore (AC) drilling at the Iron King prospect, a potential satellite project located 45km north of Leonora in Western Australia separate to the company’s flagship 100%-owned Cardinia Gold Project (CGP).
The drilling, at both the Axford and Iron King West lines of mineralisation has confirmed the potential of the Iron King Project to emerge as a significant new discovery which the company plans to follow-up as part of its growing pipeline of regional exploration priorities across the CGP.
The Axford and Iron King West targets are both located at and highlighted by multi-element soil geochemical surveys completed in mid-2020. The follow-up drilling programme consisted of 6,048m of AC drilling at nominal 200m line spacing targeting two separate 2.0km long multi-element soil geochemical anomalies.
Highlight results:
Iron King West
o 4m at 2.93g/t Au from 0m and 4m at 1.18g/t Au from 20m (IW21AC033)
o 4m at 1.18g/t Au from 8m (IW20AC034)
Axford
o 4m at 1.01g/t Au from 12m (AX21AC217)
o 2m at 0.96g/t Au from 44m to BoH (AX21AC206)
o 4m at 1.05g/t Au from 12m (AX21AC191)
“An initial programme of broad-spaced air-core drilling delivered encouraging results from the Axford target at Iron King in late 2020,” Managing Director, Andrew Munckton, said.
“The follow-up programme has now confirmed and extended the Axford mineralisation to 800m of strike length when drilled at 100m and 200m line spacing.
“At the Iron King West line of mineralisation, AC drilling has confirmed the mineralisation over 500m of strike centred on the historically mined Iron King Open Pit.
“Mineralisation associated with east-west striking and south-dipping quartz veins and breccia zones in mafic rocks shows strong visual similarity to the vein systems mined at both the nearby Victory workings and the historical open pit excavation at Iron King.
“These are further encouraging results for this early stage of exploration and confirm that we have intersected extensions to historical RAB and RC drilling intercepts and confirmed a parallel zone of mineralisation at Axford, upgrading the potential of this target as a focus for follow-up exploration this year.
“We are looking forward to confirming the Axford mineralisation and the extensions to the Iron King West mineralisation by undertaking initial RC drilling at both prospects.
“We plan to commence this RC drilling in the December 2021 quarter given the significant number of other exploration priorities we need to attend to at Cardinia and Mt Flora.
“We expect to report a significant number of assays from AC drilling programmes at new targets generated by the comprehensive gravity survey at Cardinia in the coming weeks as we progressively receive results from drilling completed in August and September.”
Axford Air-core Lines
The Axford target is located in the north-eastern sector of the Iron King Project, approximately 1.0km north of the historically mined Iron King open pit. Previous drilling results at Axford were derived from AC drilling completed in August 2020 and highlighted mineralisation such as 6m at 1.91g/t Au from 40m in AX20AC116 and 4m at 2.08g/t Au from 40m in AX20AC117.
This drilling by Kin Mining targeted extensions to historical workings previously referred to as the Crystal Ridge prospect. The company has since completed a 4,437m AC drilling program on 11 additional lines at nominal 100m and 200m line spacing at Axford targeting strike extensions of the existing mineralisation and parallel zones of mineralisation highlighted in the August 2020 drilling and soil geochemical programme.
Iron King West Air-core Lines
Air-core drilling was also conducted at Iron King West prospect. The historical Iron King open pit produced approximately 20,000 tonnes at 9.0g/t Au for 5,600oz of gold mined. Historical drilling results at Iron King were derived from RC drilling completed in 1980’s as limited extensions of the historically mined pit area.
Intersections such as 1.0m at 27.5g/t Au from 3m in IK010 highlight the high-grade nature of the mineralisation in and around the open pit and historical workings.
The company has completed a 1,609m AC programme on six lines at nominal 200m line spacing at Iron King West targeting strike extensions of the existing mineralisation and parallel zones of mineralisation highlighted in the 2020 soil geochemical programme.
Bottom-of-hole multi-element analysis shows a very strong pathfinder mineral association, in particular with silver and arsenic, with elevated bismuth and zinc also present.
The majority of the drilling at the Iron King prospect was very shallow, with a significant number of the holes being less than 5m in depth due to near fresh material at surface.
The shallow weathering profile means geochemical dispersion of gold withing the oxide zone is limited and the associated elements will be important in locating primary zones of gold mineralisation.
For further information please visit: https://www.kinmining.com.au/
