| Announcement Date: | 2022-02-14 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Kin Mining NL |
| Project name: | Cardinia |
| Location: | Australia |
| Commodities: | Gold |
| Highlight: | Drilling results incl. 4m @ 2.61g/t Au from 12m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Kin Mining NL (ASX: KIN or “the Company”) is pleased to report final results from the air-core drilling program at the Pegasus prospect, located adjacent to the 374,000 oz Bruno-Lewis deposit at its 100%-owned 1.275Moz Cardinia Gold Project (CGP) near Leonora in Western Australia. The final results include more strong intercepts such as 4m at 2.61g/t Au from 4m in PG21AC405 and 4m at 1.48g/t Au from surface in PG21AC403, together with other significant results located on the eastern edge of the Pegasus Gravity Target. The new assay results support and reinforce the initial exciting results reported on 15th November 2021, confirming a significant new zone of shallow, high-grade gold mineralisation at Pegasus that represents an outstanding target for follow-up exploration. The results also reinforce Kin Mining’s view that gravity lows highlighted in the recent detailed geophysical survey over the greater Cardinia area represent priority exploration targets for new discoveries for the Company’s exploration team. The Pegasus prospect was first identified as a soil geochemical anomaly after regional, wide-spaced auger sampling undertaken in early 2020. The auger program identified a number of gold-in-soil anomalies in the western Corridor including the Eagle-Crow prospect, which was tested recently by RC drilling in 2021 with strong initial results. |
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